Nordea Investment Management AB Has $12.31 Million Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Nordea Investment Management AB raised its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 6.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 225,840 shares of the bank’s stock after acquiring an additional 13,329 shares during the quarter. Nordea Investment Management AB’s holdings in Zions Bancorporation, National Association were worth $12,306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZION. Virtu Financial LLC bought a new position in shares of Zions Bancorporation, National Association in the 3rd quarter valued at about $583,000. Cornercap Investment Counsel Inc. bought a new position in Zions Bancorporation, National Association in the third quarter valued at approximately $510,000. Dimensional Fund Advisors LP increased its position in shares of Zions Bancorporation, National Association by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock worth $271,003,000 after purchasing an additional 929,251 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Zions Bancorporation, National Association by 1.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock worth $1,302,000 after purchasing an additional 506 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Zions Bancorporation, National Association by 75.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after buying an additional 433,513 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 4,385 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul E. Burdiss sold 9,506 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the sale, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock valued at $1,108,184 in the last three months. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Trading Down 1.0 %

ZION stock opened at $54.87 on Thursday. Zions Bancorporation, National Association has a 52 week low of $37.76 and a 52 week high of $63.22. The company has a market capitalization of $8.10 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 5.10 and a beta of 1.12. The company’s 50-day simple moving average is $57.10 and its 200 day simple moving average is $50.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. During the same quarter in the prior year, the business posted $1.13 EPS. As a group, sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 39.18%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI boosted their target price on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Truist Financial boosted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday. Robert W. Baird lifted their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their price objective on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company an “underweight” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus target price of $58.25.

Zions Bancorporation, National Association Company Profile

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.