Quantbot Technologies LP Lowers Holdings in Zions Bancorporation, N.A. $ZION

Quantbot Technologies LP cut its position in Zions Bancorporation, N.A. (NASDAQ:ZION) by 94.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,462 shares of the bank’s stock after selling 151,519 shares during the period. Quantbot Technologies LP’s holdings in Zions Bancorporation, N.A. were worth $535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its holdings in Zions Bancorporation, N.A. by 6.4% in the third quarter. Thrivent Financial for Lutherans now owns 2,041,063 shares of the bank’s stock valued at $115,483,000 after acquiring an additional 122,815 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Zions Bancorporation, N.A. during the 3rd quarter valued at about $934,000. LSV Asset Management increased its position in shares of Zions Bancorporation, N.A. by 4.5% during the 2nd quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock valued at $205,689,000 after purchasing an additional 169,085 shares during the last quarter. Bailard Inc. bought a new position in shares of Zions Bancorporation, N.A. in the 3rd quarter worth approximately $487,000. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of Zions Bancorporation, N.A. by 156.5% in the third quarter. Gateway Investment Advisers LLC now owns 85,848 shares of the bank’s stock worth $4,857,000 after buying an additional 52,381 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Price Performance

Shares of Zions Bancorporation, N.A. stock opened at $55.74 on Monday. The stock has a 50 day moving average of $60.25 and a 200 day moving average of $57.01. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $66.18. The firm has a market cap of $8.24 billion, a PE ratio of 9.29 and a beta of 0.83. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio is currently 30.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZION. Robert W. Baird lowered shares of Zions Bancorporation, N.A. from an “outperform” rating to a “neutral” rating and set a $65.00 target price for the company. in a research report on Monday, February 9th. Morgan Stanley upgraded shares of Zions Bancorporation, N.A. from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $75.00 in a research note on Monday, March 2nd. Stephens upped their price objective on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. Jefferies Financial Group raised Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and raised their target price for the stock from $55.00 to $60.00 in a report on Wednesday, November 19th. Finally, Royal Bank Of Canada lifted their target price on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.58.

Insider Buying and Selling at Zions Bancorporation, N.A.

In related news, EVP Jennifer Anne Smith sold 2,089 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $62.48, for a total transaction of $130,520.72. Following the transaction, the executive vice president directly owned 22,733 shares in the company, valued at approximately $1,420,357.84. This represents a 8.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Harris H. Simmons bought 4,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were acquired at an average price of $59.03 per share, with a total value of $265,635.00. Following the transaction, the chief executive officer directly owned 1,317,493 shares of the company’s stock, valued at approximately $77,771,611.79. This trade represents a 0.34% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders sold 55,581 shares of company stock valued at $3,498,774. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, N.A. Company Profile

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.