FJ Capital Management LLC Sells 28,987 Shares of Zions Bancorporation, N.A. $ZION

FJ Capital Management LLC decreased its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 239,124 shares of the bank’s stock after selling 28,987 shares during the period. Zions Bancorporation, N.A. comprises about 1.6% of FJ Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. FJ Capital Management LLC’s holdings in Zions Bancorporation, N.A. were worth $13,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ZION. Torren Management LLC bought a new position in shares of Zions Bancorporation, N.A. during the 4th quarter valued at $32,000. Leonteq Securities AG bought a new position in shares of Zions Bancorporation, N.A. during the 4th quarter valued at $32,000. Community Bank N.A. bought a new position in shares of Zions Bancorporation, N.A. during the 3rd quarter valued at $36,000. Atlas Capital Advisors Inc. bought a new position in shares of Zions Bancorporation, N.A. during the 4th quarter valued at $36,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Zions Bancorporation, N.A. during the 4th quarter valued at $42,000. Institutional investors own 76.84% of the company’s stock.

Analyst Ratings Changes

ZION has been the topic of several recent research reports. Truist Financial increased their target price on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Piper Sandler reduced their target price on shares of Zions Bancorporation, N.A. from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Citigroup increased their target price on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Weiss Ratings raised shares of Zions Bancorporation, N.A. from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.53.

Zions Bancorporation, N.A. Price Performance

Shares of Zions Bancorporation, N.A. stock opened at $67.25 on Friday. The firm has a market cap of $9.89 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 2.23 and a beta of 0.81. Zions Bancorporation, N.A. has a 12-month low of $46.19 and a 12-month high of $67.67. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $61.98 and its two-hundred day simple moving average is $59.65.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. The business had revenue of $859.00 million for the quarter, compared to analyst estimates of $853.73 million. Zions Bancorporation, N.A. had a net margin of 19.53% and a return on equity of 13.90%. During the same quarter last year, the firm earned $1.13 EPS. As a group, equities analysts expect that Zions Bancorporation, N.A. will post 6.44 EPS for the current year.

Zions Bancorporation, N.A. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, May 14th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 27.99%.

Zions Bancorporation, N.A. announced that its Board of Directors has authorized a share repurchase plan on Saturday, May 2nd that authorizes the company to buyback $225.00 million in outstanding shares. This buyback authorization authorizes the bank to reacquire up to 2.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 4,209 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $62.50, for a total value of $263,062.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.43% of the stock is currently owned by company insiders.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle?market firms and high?net?worth clients. Its service portfolio includes deposit accounts, cash?management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.