Duality Advisers LP Invests $526,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Duality Advisers LP purchased a new position in Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,340 shares of the bank’s stock, valued at approximately $526,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. purchased a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth approximately $291,000. Ronald Blue Trust Inc. purchased a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth approximately $37,000. Exchange Traded Concepts LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth approximately $29,000. Private Trust Co. NA purchased a new stake in Zions Bancorporation, National Association during the 2nd quarter valued at $29,000. Finally, Ellevest Inc. boosted its stake in Zions Bancorporation, National Association by 67.0% during the 2nd quarter. Ellevest Inc. now owns 653 shares of the bank’s stock valued at $33,000 after purchasing an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of Zions Bancorporation, National Association stock opened at $51.77 on Wednesday. Zions Bancorporation, National Association has a one year low of $45.21 and a one year high of $75.44. The stock’s fifty day moving average is $49.65 and its 200 day moving average is $52.20. The stock has a market cap of $7.75 billion, a P/E ratio of 9.77, a P/E/G ratio of 2.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.72 and a current ratio of 0.72.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) last announced its earnings results on Monday, January 23rd. The bank reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.18. Zions Bancorporation, National Association had a return on equity of 17.78% and a net margin of 27.18%. The company had revenue of $988.00 million for the quarter, compared to analysts’ expectations of $873.05 million. During the same period last year, the firm earned $1.34 EPS. Sell-side analysts anticipate that Zions Bancorporation, National Association will post 6.6 earnings per share for the current year.

Zions Bancorporation, National Association announced that its board has authorized a stock buyback plan on Friday, October 28th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the bank to buy up to 0.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Thursday, November 10th were issued a dividend of $0.41 per share. The ex-dividend date was Wednesday, November 9th. This represents a $1.64 dividend on an annualized basis and a yield of 3.17%. Zions Bancorporation, National Association’s dividend payout ratio is presently 30.94%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Thomas E. Laursen sold 880 shares of the firm’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $51.79, for a total transaction of $45,575.20. Following the sale, the vice president now directly owns 27,007 shares of the company’s stock, valued at $1,398,692.53. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Thomas E. Laursen sold 880 shares of the firm’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $51.79, for a total transaction of $45,575.20. Following the completion of the transaction, the vice president now owns 27,007 shares in the company, valued at $1,398,692.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Bruce K. Alexander sold 2,378 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $52.05, for a total value of $123,774.90. Following the completion of the transaction, the vice president now owns 15,172 shares of the company’s stock, valued at approximately $789,702.60. The disclosure for this sale can be found here. Insiders have sold a total of 18,032 shares of company stock valued at $905,391 over the last ninety days. 1.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZION. Barclays downgraded Zions Bancorporation, National Association from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $68.00 to $59.00 in a research note on Tuesday, January 3rd. Wedbush cut their target price on Zions Bancorporation, National Association from $61.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 25th. StockNews.com began coverage on Zions Bancorporation, National Association in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Morgan Stanley cut their target price on Zions Bancorporation, National Association from $65.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company dropped their price target on Zions Bancorporation, National Association from $66.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.08.

Zions Bancorporation, National Association Company Profile

(Get Rating)

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.

Further Reading

Institutional Ownership by Quarter for Zions Bancorporation, National Association (NASDAQ:ZION)

Receive News & Ratings for Zions Bancorporation National Association Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorporation National Association and related companies with MarketBeat.com's FREE daily email newsletter.