SG Americas Securities LLC Purchases Shares of 246,982 Zions Bancorporation, N.A. $ZION

SG Americas Securities LLC purchased a new stake in Zions Bancorporation, N.A. (NASDAQ:ZION) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 246,982 shares of the bank’s stock, valued at approximately $14,458,000. SG Americas Securities LLC owned 0.17% of Zions Bancorporation, N.A. as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new stake in shares of Zions Bancorporation, N.A. during the fourth quarter worth $9,951,000. Diversified Trust Co. acquired a new position in Zions Bancorporation, N.A. in the 4th quarter worth $378,000. Silvia Mccoll Wealth Management LLC bought a new position in Zions Bancorporation, N.A. during the 4th quarter worth about $206,000. Wealth Enhancement Advisory Services LLC increased its holdings in Zions Bancorporation, N.A. by 4.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 62,599 shares of the bank’s stock worth $3,816,000 after purchasing an additional 2,431 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter valued at about $234,000. Institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

ZION has been the topic of a number of research reports. Barclays boosted their price target on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the company an “underweight” rating in a report on Monday, January 5th. Truist Financial increased their price objective on Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Stephens boosted their target price on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. boosted their target price on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. Finally, Weiss Ratings downgraded Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, N.A. has an average rating of “Hold” and an average price target of $63.58.

Zions Bancorporation, N.A. Trading Down 3.2%

Zions Bancorporation, N.A. stock opened at $55.40 on Friday. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 9.23 and a beta of 0.83. The firm has a 50-day moving average of $58.89 and a 200-day moving average of $56.80. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.86 and a quick ratio of 0.85. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $66.18.

Zions Bancorporation, N.A. Dividend Announcement

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

Insider Activity

In other news, President Scott J. Mclean sold 28,980 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $61.15, for a total transaction of $1,772,127.00. Following the sale, the president owned 82,250 shares in the company, valued at $5,029,587.50. This represents a 26.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jennifer Anne Smith sold 6,558 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $64.80, for a total value of $424,958.40. Following the completion of the sale, the executive vice president directly owned 18,761 shares of the company’s stock, valued at approximately $1,215,712.80. The trade was a 25.90% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 55,581 shares of company stock valued at $3,498,774. Corporate insiders own 2.22% of the company’s stock.

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.