Concurrent Investment Advisors LLC Invests $1.19 Million in Zions Bancorporation, N.A. $ZION

Concurrent Investment Advisors LLC purchased a new stake in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,404 shares of the bank's stock, valued at approximately $1,194,000.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Zions Bancorporation, N.A. by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,343,076 shares of the bank's stock valued at $415,474,000 after purchasing an additional 30,552 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Zions Bancorporation, N.A. by 14.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,244,014 shares of the bank's stock valued at $183,546,000 after acquiring an additional 409,065 shares during the period. AQR Capital Management LLC lifted its position in shares of Zions Bancorporation, N.A. by 31.6% during the 3rd quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank's stock valued at $167,677,000 after acquiring an additional 711,218 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Zions Bancorporation, N.A. by 6.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,041,063 shares of the bank's stock valued at $115,483,000 after acquiring an additional 122,815 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Zions Bancorporation, N.A. by 23.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,621,400 shares of the bank's stock valued at $91,739,000 after acquiring an additional 303,783 shares during the period. 76.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ZION. Royal Bank Of Canada boosted their price target on Zions Bancorporation, N.A. from $64.00 to $68.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 21st. Stephens upped their target price on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 21st. Citigroup increased their price target on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a "neutral" rating in a research note on Wednesday, April 22nd. Truist Financial increased their price target on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a "hold" rating in a research note on Tuesday, April 21st. Finally, DA Davidson increased their price target on Zions Bancorporation, N.A. from $75.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $65.53.

Insider Buying and Selling

In other news, President Scott J. Mclean sold 28,980 shares of Zions Bancorporation, N.A. stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $61.15, for a total value of $1,772,127.00. Following the completion of the transaction, the president directly owned 82,250 shares in the company, valued at approximately $5,029,587.50. The trade was a 26.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Dan Stephens sold 15,476 shares of Zions Bancorporation, N.A. stock in a transaction on Friday, February 6th. The shares were sold at an average price of $65.90, for a total value of $1,019,868.40. Following the completion of the transaction, the executive vice president owned 41,127 shares of the company's stock, valued at approximately $2,710,269.30. This trade represents a 27.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 55,581 shares of company stock valued at $3,498,774 in the last 90 days. Corporate insiders own 1.43% of the company's stock.

Zions Bancorporation, N.A. Stock Up 1.3%

Shares of Zions Bancorporation, N.A. stock opened at $63.42 on Friday. The stock's 50-day moving average is $58.67 and its 200 day moving average is $57.45. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 2.16 and a beta of 0.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.83. Zions Bancorporation, N.A. has a one year low of $44.55 and a one year high of $66.18.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its earnings results on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.13. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.The company had revenue of $849.00 million for the quarter, compared to analyst estimates of $853.73 million. During the same quarter last year, the company earned $1.13 earnings per share. Equities research analysts anticipate that Zions Bancorporation, N.A. will post 6.38 EPS for the current year.

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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