Algert Global LLC Buys 14,914 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Algert Global LLC lifted its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 19.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,784 shares of the bank's stock after buying an additional 14,914 shares during the quarter. Algert Global LLC owned 0.06% of Zions Bancorporation, National Association worth $3,981,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ZION. Fidelis Capital Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 1st quarter valued at about $27,000. Jones Financial Companies Lllp purchased a new stake in Zions Bancorporation, National Association during the 4th quarter worth approximately $29,000. ORG Partners LLC purchased a new stake in Zions Bancorporation, National Association during the 2nd quarter worth approximately $33,000. International Assets Investment Management LLC purchased a new stake in Zions Bancorporation, National Association during the 2nd quarter worth approximately $34,000. Finally, Rothschild Investment LLC purchased a new stake in Zions Bancorporation, National Association during the 2nd quarter worth approximately $39,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZION has been the topic of several analyst reports. Wells Fargo & Company dropped their price objective on Zions Bancorporation, National Association from $52.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 21st. Compass Point lifted their target price on 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. Robert W. Baird lifted their target price on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 23rd. Royal Bank of Canada lifted their target price on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 23rd. Finally, Truist Financial decreased their target price on Zions Bancorporation, National Association from $54.00 to $52.00 and set a "hold" rating for the company in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and a consensus price target of $48.72.

Insider Activity at Zions Bancorporation, National Association

In related news, VP Bruce K. Alexander sold 5,156 shares of the company's stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares of the company's stock, valued at $925,528.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of the business's stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the transaction, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bruce K. Alexander sold 5,156 shares of the business's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the transaction, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,073 shares of company stock valued at $3,476,298. Company insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION traded down $1.28 during midday trading on Tuesday, reaching $45.94. The stock had a trading volume of 635,639 shares, compared to its average volume of 2,171,523. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week high of $53.32. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. The firm's 50 day moving average price is $47.66 and its 200-day moving average price is $44.52. The company has a market capitalization of $6.79 billion, a P/E ratio of 11.55, a P/E/G ratio of 2.81 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) 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 return on equity of 13.85% and a net margin of 13.53%. Zions Bancorporation, National Association's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 earnings per share. On average, analysts forecast that Zions Bancorporation, National Association will post 4.51 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association's payout ratio is 41.21%.

About Zions Bancorporation, National Association

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.