Jackson Creek Investment Advisors LLC Invests $383,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,830 shares of the bank’s stock, valued at approximately $383,000.

Several other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Zions Bancorporation, National Association by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,746,184 shares of the bank’s stock valued at $164,345,000 after buying an additional 27,934 shares during the period. Comerica Bank raised its holdings in Zions Bancorporation, National Association by 331.1% during the 1st quarter. Comerica Bank now owns 118,861 shares of the bank’s stock worth $5,159,000 after purchasing an additional 91,289 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Zions Bancorporation, National Association during the 1st quarter valued at about $1,959,000. Retirement Systems of Alabama boosted its stake in shares of Zions Bancorporation, National Association by 469.8% in the 1st quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock valued at $8,074,000 after purchasing an additional 153,387 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in shares of Zions Bancorporation, National Association by 345.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 88,271 shares of the bank’s stock worth $3,831,000 after buying an additional 68,445 shares during the period. Institutional investors own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Stephens raised their price objective on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Wedbush lifted their price objective on Zions Bancorporation, National Association from $46.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Argus lowered Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods raised their target price on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. Finally, Robert W. Baird upped their price target on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.61.

Zions Bancorporation, National Association Trading Down 2.8 %

Zions Bancorporation, National Association stock opened at $47.29 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a 50-day moving average of $47.45 and a 200-day moving average of $43.68. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 2.99 and a beta of 1.10. Zions Bancorporation, National Association has a one year low of $28.90 and a one year high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The firm had revenue of $776.00 million during the quarter, compared to the consensus estimate of $761.61 million. During the same period last year, the company earned $1.11 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that Zions Bancorporation, National Association will post 4.53 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Scott J. Mclean sold 60,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the sale, the president now owns 74,286 shares in the company, valued at approximately $3,850,243.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at $925,528.31. The disclosure for this sale can be found here. Insiders sold a total of 67,073 shares of company stock worth $3,476,298 over the last quarter. 2.22% of the stock is currently owned by insiders.

About Zions Bancorporation, National Association

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.