Exchange Traded Concepts LLC Grows Stock Holdings in Zions Bancorporation, N.A. $ZION

Exchange Traded Concepts LLC increased its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 105.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,647 shares of the bank’s stock after buying an additional 10,592 shares during the period. Exchange Traded Concepts LLC’s holdings in Zions Bancorporation, N.A. were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Traub Capital Management LLC purchased a new stake in Zions Bancorporation, N.A. during the 2nd quarter valued at $31,000. Steph & Co. bought a new stake in shares of Zions Bancorporation, N.A. in the third quarter worth $37,000. Assetmark Inc. increased its position in Zions Bancorporation, N.A. by 75.3% during the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after acquiring an additional 289 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Zions Bancorporation, N.A. in the second quarter valued at about $62,000. Finally, Ameritas Advisory Services LLC purchased a new position in Zions Bancorporation, N.A. in the second quarter worth about $65,000. Institutional investors own 76.84% of the company’s stock.

Insider Transactions at Zions Bancorporation, N.A.

In related news, EVP Jennifer Anne Smith sold 2,458 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the sale, the executive vice president owned 27,133 shares of the company’s stock, valued at approximately $1,441,033.63. This trade represents a 8.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, N.A. Stock Performance

Shares of NASDAQ ZION opened at $59.51 on Friday. The stock has a market cap of $8.79 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.98 and a beta of 0.88. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $60.77. The firm has a fifty day moving average price of $54.29 and a 200-day moving average price of $54.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.81.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its earnings results on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.56%. The company had revenue of $705.00 million during the quarter. Equities analysts anticipate that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, November 13th. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 32.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Evercore ISI upped their price target on shares of Zions Bancorporation, N.A. from $61.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, December 15th. TD Cowen started coverage on shares of Zions Bancorporation, N.A. in a report on Thursday, September 25th. They set a “hold” rating and a $64.00 target price for the company. Cantor Fitzgerald started coverage on shares of Zions Bancorporation, N.A. in a research report on Wednesday, September 10th. They issued an “overweight” rating and a $64.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Zions Bancorporation, N.A. in a research report on Monday, December 22nd. Finally, Jefferies Financial Group upgraded Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $55.00 to $60.00 in a research note on Wednesday, November 19th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.35.

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.