Janus Henderson Group PLC trimmed its holdings in shares of Zions Bancorporation NA (NASDAQ:ZION) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,035 shares of the bank’s stock after selling 2,899 shares during the quarter. Janus Henderson Group PLC owned 0.11% of Zions Bancorporation NA worth $9,336,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of ZION. Steward Partners Investment Advisory LLC bought a new position in shares of Zions Bancorporation NA during the second quarter valued at $35,000. Amica Retiree Medical Trust bought a new position in Zions Bancorporation NA during the 2nd quarter worth $39,000. Valeo Financial Advisors LLC raised its position in Zions Bancorporation NA by 48.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 898 shares of the bank’s stock worth $41,000 after purchasing an additional 295 shares during the last quarter. Mizuho Securities Co. Ltd. lifted its holdings in Zions Bancorporation NA by 200.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 1,500 shares of the bank’s stock worth $68,000 after buying an additional 1,000 shares during the period. Finally, Huntington National Bank lifted its holdings in Zions Bancorporation NA by 177.2% during the 2nd quarter. Huntington National Bank now owns 1,486 shares of the bank’s stock worth $68,000 after buying an additional 950 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
In related news, General Counsel Thomas E. Laursen sold 957 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $40.75, for a total transaction of $38,997.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider A Scott Anderson sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $44.92, for a total transaction of $449,200.00. The disclosure for this sale can be found here. Insiders sold a total of 20,886 shares of company stock valued at $936,691 in the last quarter. 1.70% of the stock is currently owned by company insiders.
NASDAQ ZION opened at $42.37 on Tuesday. The business has a 50 day simple moving average of $41.69 and a 200 day simple moving average of $45.51. Zions Bancorporation NA has a one year low of $38.08 and a one year high of $53.52. The stock has a market capitalization of $7.33 billion, a P/E ratio of 10.38, a P/E/G ratio of 1.22 and a beta of 1.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.83 and a quick ratio of 0.83.
Zions Bancorporation NA (NASDAQ:ZION) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.10). The business had revenue of $701.00 million during the quarter, compared to analyst estimates of $723.21 million. Zions Bancorporation NA had a net margin of 26.99% and a return on equity of 12.26%. During the same period last year, the firm posted $0.89 earnings per share. Equities analysts expect that Zions Bancorporation NA will post 4.22 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a dividend of $0.34 per share. This is an increase from Zions Bancorporation NA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.36 annualized dividend and a dividend yield of 3.21%. Zions Bancorporation NA’s dividend payout ratio (DPR) is 33.33%.
A number of equities research analysts have commented on ZION shares. BMO Capital Markets reduced their price target on Zions Bancorporation NA to $47.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 23rd. Barclays lowered their price objective on Zions Bancorporation NA from $60.00 to $56.00 and set an “overweight” rating for the company in a research report on Tuesday, July 23rd. BidaskClub lowered Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Keefe, Bruyette & Woods cut Zions Bancorporation NA from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $53.00 to $47.00 in a report on Tuesday, July 23rd. Finally, Zacks Investment Research cut Zions Bancorporation NA from a “buy” rating to a “hold” rating and set a $46.00 target price on the stock. in a report on Thursday, June 27th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Zions Bancorporation NA presently has an average rating of “Hold” and a consensus target price of $52.56.
Zions Bancorporation NA Company Profile
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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