Bailard Inc. bought a new stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,600 shares of the bank’s stock, valued at approximately $487,000.
Other hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC grew its position in Zions Bancorporation, N.A. by 2.7% during the third quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock valued at $424,000 after buying an additional 200 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Zions Bancorporation, N.A. by 7.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank’s stock worth $152,000 after acquiring an additional 206 shares in the last quarter. Lynx Investment Advisory boosted its stake in shares of Zions Bancorporation, N.A. by 3.5% during the 2nd quarter. Lynx Investment Advisory now owns 6,371 shares of the bank’s stock worth $331,000 after acquiring an additional 213 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Zions Bancorporation, N.A. by 2.2% during the 3rd quarter. GAMMA Investing LLC now owns 10,567 shares of the bank’s stock valued at $598,000 after acquiring an additional 232 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Zions Bancorporation, N.A. by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 6,543 shares of the bank’s stock valued at $340,000 after purchasing an additional 244 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.
Zions Bancorporation, N.A. News Roundup
Here are the key news stories impacting Zions Bancorporation, N.A. this week:
- Positive Sentiment: Multiple sell‑side price‑target raises: Stephens and Piper Sandler lifted targets to $65, reflecting stronger earnings momentum and upside to the stock. Stephens increases PT to $65
- Positive Sentiment: Royal Bank of Canada raised its target to $64 and highlighted upside prospects for ZION. RBC raises PT to $64
- Positive Sentiment: Piper Sandler reiteration/boost to $65 reinforces buy‑side interest after Q4 results. Piper Sandler boosts PT
- Positive Sentiment: TD Cowen flagged strong price‑appreciation potential for ZION, adding to bullish analyst tone. TD Cowen forecast
- Positive Sentiment: Company fundamentals: Q4 showed 31% net earnings growth, NII expansion, 2.5% YoY loan growth and improved asset quality (net charge‑offs ~0.05%), supporting earnings durability. Seeking Alpha: Zions strong setup
- Positive Sentiment: Earnings call recap highlighted profitable momentum and management commentary that reinforced the upbeat analyst moves. TipRanks earnings call summary
- Neutral Sentiment: Citigroup and Truist raised price targets (Citigroup to $64, Truist to $63) but kept neutral/hold stances, offering limited near‑term bullish conviction. Benzinga coverage
- Neutral Sentiment: Zacks published a piece on ZION’s dividend appeal — supportive for income investors but less likely to move the stock immediately. Zacks: Zions dividend story
Wall Street Analyst Weigh In
View Our Latest Analysis on ZION
Zions Bancorporation, N.A. Price Performance
Zions Bancorporation, N.A. stock opened at $59.08 on Friday. The company has a fifty day simple moving average of $57.34 and a 200-day simple moving average of $55.66. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.30 and a beta of 0.85. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.21. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $62.26.
Zions Bancorporation, N.A. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were issued a $0.45 dividend. The ex-dividend date was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a yield of 3.0%. Zions Bancorporation, N.A.’s dividend payout ratio is presently 30.00%.
Insiders Place Their Bets
In other news, EVP Jennifer Anne Smith sold 2,458 shares of the business’s 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 transaction, the executive vice president directly owned 27,133 shares in the company, valued at $1,441,033.63. The trade was a 8.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.22% of the stock is owned by company insiders.
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.
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