Alpha DNA Investment Management LLC Buys Shares of 12,208 Zions Bancorporation, National Association (NASDAQ:ZION)

Alpha DNA Investment Management LLC bought a new stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,208 shares of the bank's stock, valued at approximately $529,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Interval Partners LP raised its holdings in shares of Zions Bancorporation, National Association by 244.3% in the 2nd quarter. Interval Partners LP now owns 241,001 shares of the bank's stock worth $10,452,000 after purchasing an additional 171,001 shares during the period. Ensign Peak Advisors Inc lifted its holdings in Zions Bancorporation, National Association by 7.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 46,479 shares of the bank's stock worth $2,016,000 after buying an additional 3,240 shares in the last quarter. Sei Investments Co. grew its stake in Zions Bancorporation, National Association by 1.9% during the 2nd quarter. Sei Investments Co. now owns 74,861 shares of the bank's stock valued at $3,246,000 after purchasing an additional 1,394 shares in the last quarter. AE Wealth Management LLC boosted its stake in Zions Bancorporation, National Association by 25.3% during the 2nd quarter. AE Wealth Management LLC now owns 46,814 shares of the bank's stock valued at $2,030,000 after acquiring an additional 9,466 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Zions Bancorporation, National Association by 1.2% in the 2nd quarter. Hsbc Holdings PLC now owns 30,247 shares of the bank's stock worth $1,312,000 after purchasing an additional 363 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of the business's 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 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the executive vice president now directly owns 24,640 shares in the company, valued at approximately $1,275,859.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Bruce K. Alexander sold 5,156 shares of the business's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now owns 17,857 shares of the company's stock, valued at approximately $925,528.31. The disclosure for this sale can be found here. Insiders sold 67,073 shares of company stock worth $3,476,298 over the last three months. Insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Stock Down 2.0 %

Shares of ZION traded down $0.94 on Wednesday, hitting $46.09. 370,328 shares of the stock traded hands, compared to its average volume of 2,191,061. The business has a 50 day simple moving average of $47.91 and a 200 day simple moving average of $44.36. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $6.81 billion, a PE ratio of 11.53, a P/E/G ratio of 2.86 and a beta of 1.09. Zions Bancorporation, National Association has a one year low of $28.90 and a one year high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.18. The company had revenue of $776.00 million for 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 firm's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 EPS. As a group, equities analysts forecast that Zions Bancorporation, National Association will post 4.52 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 41.21%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZION. StockNews.com upgraded Zions Bancorporation, National Association from a "sell" rating to a "hold" rating in a research report on Tuesday, July 30th. Jefferies Financial Group dropped their price target on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company cut their price objective on Zions Bancorporation, National Association from $52.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 21st. Compass Point lifted their price target on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 24th. Finally, Wedbush lifted their price target on Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a "neutral" rating in a research note on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $48.72.

Zions Bancorporation, National Association 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.