Harel Insurance Investments & Financial Services Ltd. Makes New $1.27 Million Investment in Zions Bancorporation, National Association (NASDAQ:ZION)

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,400 shares of the bank's stock, valued at approximately $1,268,000.

Several other large investors have also recently bought and sold shares of the business. Louisiana State Employees Retirement System acquired a new position in Zions Bancorporation, National Association in the 4th quarter valued at approximately $395,000. Aquila Investment Management LLC raised its holdings in shares of Zions Bancorporation, National Association by 28.6% during the fourth quarter. Aquila Investment Management LLC now owns 18,000 shares of the bank's stock worth $790,000 after acquiring an additional 4,000 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Zions Bancorporation, National Association by 92.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 123,046 shares of the bank's stock worth $5,398,000 after acquiring an additional 59,208 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Zions Bancorporation, National Association during the fourth quarter valued at $1,336,000. Finally, International Assets Investment Management LLC grew its stake in Zions Bancorporation, National Association by 4,136.7% in the fourth quarter. International Assets Investment Management LLC now owns 34,826 shares of the bank's stock valued at $1,528,000 after purchasing an additional 34,004 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Performance

ZION traded down $0.26 on Monday, hitting $40.41. 2,113,434 shares of the stock traded hands, compared to its average volume of 3,084,217. The business has a fifty day moving average price of $40.75 and a two-hundred day moving average price of $38.94. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $5.96 billion, a PE ratio of 9.41 and a beta of 1.13. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $754.81 million. Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. During the same period in the previous year, the firm posted $1.84 earnings per share. On average, research analysts predict that Zions Bancorporation, National Association will post 4.27 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm 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. This represents a $1.64 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Wednesday, February 14th. Zions Bancorporation, National Association's payout ratio is currently 37.70%.

Insider Buying and Selling

In other news, EVP Steven Dan Stephens sold 7,500 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the sale, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of the company's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the transaction, the executive vice president now owns 44,056 shares of the company's stock, valued at approximately $1,797,925.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP A Scott Anderson sold 4,093 shares of the firm's stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the transaction, the vice president now owns 14,665 shares in the company, valued at approximately $648,926.25. The disclosure for this sale can be found here. Insiders have sold a total of 18,022 shares of company stock worth $744,893 in the last three months. Insiders own 2.22% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on ZION shares. Stephens boosted their price target on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 23rd. Royal Bank of Canada increased their price target on shares of Zions Bancorporation, National Association from $45.00 to $46.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 9th. Jefferies Financial Group cut their price target on shares of 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. Robert W. Baird decreased their price objective on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, January 23rd. Finally, Truist Financial restated a "hold" rating and set a $46.00 target price on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $43.00.

Zions Bancorporation, National Association Company 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.