Great Lakes Advisors LLC Sells 48,428 Shares of Zions Bancorporation, N.A. $ZION

Great Lakes Advisors LLC lessened its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 42.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,620 shares of the bank’s stock after selling 48,428 shares during the quarter. Great Lakes Advisors LLC’s holdings in Zions Bancorporation, N.A. were worth $3,656,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ZION. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Zions Bancorporation, N.A. by 1.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,940 shares of the bank’s stock worth $902,000 after purchasing an additional 276 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new position in Zions Bancorporation, N.A. during the third quarter worth $236,000. Riverwater Partners LLC raised its holdings in Zions Bancorporation, N.A. by 14.9% during the third quarter. Riverwater Partners LLC now owns 6,446 shares of the bank’s stock valued at $365,000 after buying an additional 837 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Zions Bancorporation, N.A. by 39.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,763 shares of the bank’s stock worth $5,079,000 after buying an additional 25,292 shares during the last quarter. Finally, Bailard Inc. bought a new stake in shares of Zions Bancorporation, N.A. during the 3rd quarter worth about $487,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ZION shares. Bank of America raised Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $59.00 to $62.00 in a research note on Thursday, October 23rd. Truist Financial boosted their price objective on shares of Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Citigroup raised their target price on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Evercore ISI downgraded shares of Zions Bancorporation, N.A. from an “outperform” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Tuesday, January 6th. Finally, Piper Sandler upped their price target on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Zions Bancorporation, N.A. has an average rating of “Hold” and an average target price of $63.16.

Zions Bancorporation, N.A. Price Performance

Shares of ZION stock opened at $59.91 on Friday. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $62.26. The company has a market capitalization of $8.85 billion, a P/E ratio of 9.99 and a beta of 0.85. The stock has a 50 day moving average of $58.24 and a two-hundred day moving average of $55.76. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

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.