Acadian Asset Management LLC Invests $101,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Acadian Asset Management LLC bought a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) during the second quarter, HoldingsChannel reports. The firm bought 2,336 shares of the bank’s stock, valued at approximately $101,000.

Several other large investors have also modified their holdings of the stock. Fidelis Capital Partners LLC acquired a new stake in Zions Bancorporation, National Association during the first quarter valued at approximately $27,000. Jones Financial Companies Lllp acquired a new stake in Zions Bancorporation, National Association during the fourth quarter worth about $29,000. ORG Partners LLC bought a new position in Zions Bancorporation, National Association in the second quarter worth about $33,000. International Assets Investment Management LLC acquired a new position in Zions Bancorporation, National Association in the second quarter valued at approximately $34,000. Finally, Rothschild Investment LLC bought a new position in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $39,000. Institutional investors own 76.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ZION shares. Robert W. Baird boosted their price objective on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods upped their price target on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada increased their price objective on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 23rd. Wells Fargo & Company reduced their target price on shares of Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 21st. Finally, Stephens raised their price target 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. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and a consensus target price of $48.72.

Insider Buying and Selling

In related news, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the transaction, the executive vice president now directly owns 24,640 shares in the company, valued at approximately $1,275,859.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Scott J. Mclean sold 60,000 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total value of $3,109,800.00. Following the completion of the sale, the president now owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock worth $3,476,298 in the last three months. 2.22% of the stock is currently owned by insiders.

Zions Bancorporation, National Association Price Performance

Shares of Zions Bancorporation, National Association stock opened at $47.99 on Friday. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week high of $53.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $48.00 and its two-hundred day moving average price is $44.26. The stock has a market cap of $7.09 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 2.83 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, beating the consensus estimate of $1.10 by $0.18. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 earnings per share. As a group, sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.52 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio is presently 41.21%.

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.