Y Intercept Hong Kong Ltd Purchases Shares of 22,899 Zions Bancorporation, National Association (NASDAQ:ZION)

Y Intercept Hong Kong Ltd bought a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,899 shares of the bank's stock, valued at approximately $1,081,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC boosted its position in shares of Zions Bancorporation, National Association by 0.9% in the 3rd quarter. CVA Family Office LLC now owns 25,223 shares of the bank's stock worth $1,191,000 after purchasing an additional 217 shares in the last quarter. Abich Financial Wealth Management LLC increased its holdings in shares of Zions Bancorporation, National Association by 26.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank's stock valued at $61,000 after acquiring an additional 296 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of Zions Bancorporation, National Association by 8.3% in the 2nd quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank's stock worth $170,000 after purchasing an additional 299 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Zions Bancorporation, National Association by 0.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank's stock worth $1,947,000 after purchasing an additional 348 shares in the last quarter. Finally, WBI Investments LLC increased its stake in Zions Bancorporation, National Association by 3.4% during the 2nd quarter. WBI Investments LLC now owns 10,591 shares of the bank's stock valued at $459,000 after purchasing an additional 352 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Trading Down 0.8 %

Shares of Zions Bancorporation, National Association stock traded down $0.48 during trading on Friday, hitting $57.67. The stock had a trading volume of 1,188,119 shares, compared to its average volume of 1,982,586. The stock has a market cap of $8.52 billion, a PE ratio of 13.25, a PEG ratio of 5.20 and a beta of 1.10. Zions Bancorporation, National Association has a 12 month low of $37.76 and a 12 month high of $63.22. The firm's fifty day simple moving average is $55.42 and its 200-day simple moving average is $49.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81.

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

Zions Bancorporation, National Association Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.98%. Zions Bancorporation, National Association's dividend payout ratio is presently 39.18%.

Wall Street Analyst Weigh In

ZION has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Compass Point lifted their target price on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a "neutral" rating in a report on Tuesday. Wedbush upped their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Truist Financial upped their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a "hold" rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $55.88.

Insider Buying and Selling

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares of the company's stock, valued at approximately $1,321,210.44. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the sale, the executive vice president now directly owns 86,232 shares in the company, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,881 shares of company stock valued at $1,108,184 in the last 90 days. Company insiders own 2.22% of the company's stock.

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.