Readystate Asset Management LP Purchases Shares of 26,800 Zions Bancorporation, National Association (NASDAQ:ZION)

Readystate Asset Management LP purchased a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 26,800 shares of the bank’s stock, valued at approximately $1,176,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in Zions Bancorporation, National Association by 628.2% during the second quarter. IFP Advisors Inc now owns 954 shares of the bank’s stock valued at $26,000 after buying an additional 823 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Zions Bancorporation, National Association during the third quarter valued at about $27,000. Federated Hermes Inc. lifted its stake in Zions Bancorporation, National Association by 105.4% during the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after buying an additional 331 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Zions Bancorporation, National Association during the fourth quarter valued at about $29,000. Finally, Quarry LP purchased a new stake in Zions Bancorporation, National Association during the fourth quarter valued at about $49,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock traded down $0.12 during midday trading on Thursday, hitting $39.24. The company had a trading volume of 2,163,547 shares, compared to its average volume of 3,032,377. Zions Bancorporation, National Association has a 1-year low of $18.26 and a 1-year high of $46.15. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50 day simple moving average is $40.78 and its two-hundred day simple moving average is $39.02. The stock has a market cap of $5.79 billion, a PE ratio of 9.02 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $754.81 million. During the same quarter in the prior year, the firm earned $1.84 EPS. As a group, equities analysts predict that Zions Bancorporation, National Association will post 4.27 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were issued a $0.41 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.18%. Zions Bancorporation, National Association’s payout ratio is presently 37.70%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, VP A Scott Anderson sold 4,093 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the sale, the vice president now owns 14,665 shares in the company, valued at approximately $648,926.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the transaction, the vice president now owns 14,665 shares of the company’s stock, valued at $648,926.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Mark Richard Young sold 5,597 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $40.21, for a total value of $225,055.37. Following the completion of the sale, the vice president now owns 12,133 shares of the company’s stock, valued at $487,867.93. The disclosure for this sale can be found here. Insiders have sold 18,022 shares of company stock worth $744,893 over the last three months. Company insiders own 2.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on ZION shares. Wedbush reduced their price objective on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Stephens increased their price objective on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 23rd. TheStreet upgraded Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Truist Financial restated a “hold” rating and issued a $46.00 price objective on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Finally, Jefferies Financial Group lowered their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.00.

Zions Bancorporation, National Association Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.