Versor Investments LP Invests $1.28 Million in Zions Bancorporation, National Association (NASDAQ:ZION)

Versor Investments LP acquired a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 29,109 shares of the bank's stock, valued at approximately $1,277,000.

Other hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in Zions Bancorporation, National Association by 105.4% during the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank's stock worth $28,000 after purchasing an additional 331 shares in the last quarter. Versant Capital Management Inc grew its holdings in Zions Bancorporation, National Association by 4,613.3% during the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank's stock worth $93,000 after acquiring an additional 2,076 shares during the period. Principal Securities Inc. purchased a new position in Zions Bancorporation, National Association in the fourth quarter worth $126,000. Daiwa Securities Group Inc. lifted its holdings in Zions Bancorporation, National Association by 15.5% in the third quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank's stock valued at $122,000 after acquiring an additional 469 shares during the period. Finally, EMC Capital Management purchased a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth $126,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Trading Up 0.1 %

Zions Bancorporation, National Association stock traded up $0.03 during midday trading on Friday, reaching $44.32. The stock had a trading volume of 1,061,109 shares, compared to its average volume of 1,900,742. The stock's 50-day simple moving average is $41.64 and its 200 day simple moving average is $40.04. Zions Bancorporation, National Association has a twelve month low of $21.96 and a twelve month high of $46.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market capitalization of $6.54 billion, a PE ratio of 11.14 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $747.21 million. During the same quarter in the previous year, the firm posted $1.33 EPS. Analysts expect that Zions Bancorporation, National Association will post 4.38 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Wednesday, May 15th. Zions Bancorporation, National Association's dividend payout ratio is presently 41.21%.

Insider Activity at Zions Bancorporation, National Association

In other news, CEO Alan M. Forney sold 1,500 shares of the company's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the sale, the chief executive officer now owns 22,181 shares of the company's stock, valued at $968,866.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Harris H. Simmons purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the chief executive officer now owns 1,312,987 shares in the company, valued at $50,602,518.98. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Alan M. Forney sold 1,500 shares of the business's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the transaction, the chief executive officer now owns 22,181 shares in the company, valued at approximately $968,866.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,888 shares of company stock worth $827,655. 2.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ZION has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, April 4th. Robert W. Baird decreased their price target on Zions Bancorporation, National Association from $50.00 to $48.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 23rd. Evercore ISI raised their price objective on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. UBS Group reduced their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a "hold" rating and a $47.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of "Hold" and an average price target of $43.16.

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.