6,001 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Acquired by Aigen Investment Management LP

Aigen Investment Management LP purchased a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,001 shares of the bank’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Zions Bancorporation, National Association in the 3rd quarter valued at $279,000. Versor Investments LP acquired a new position in Zions Bancorporation, National Association in the third quarter valued at $823,000. Venturi Wealth Management LLC grew its holdings in shares of Zions Bancorporation, National Association by 209.1% during the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after purchasing an additional 1,671 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Zions Bancorporation, National Association during the third quarter worth about $1,629,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 14.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank’s stock valued at $16,581,000 after purchasing an additional 43,720 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.2 %

NASDAQ:ZION opened at $59.51 on Friday. Zions Bancorporation, National Association has a 52-week low of $33.66 and a 52-week high of $61.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $50.44 and a 200-day simple moving average of $47.04. The company has a market capitalization of $8.79 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 5.27 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period in the previous year, the firm posted $1.13 EPS. On average, equities research analysts expect that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 39.18%.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Jennifer Anne Smith sold 3,605 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,434,894.84. This represents a 12.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the sale, the vice president now directly owns 35,878 shares in the company, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,228 shares of company stock worth $519,048. Corporate insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

ZION has been the topic of several research analyst reports. Evercore ISI lifted their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial lifted their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Robert W. Baird increased their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada increased their target price on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.59.

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.