Zions Bancorporation NA (NASDAQ:ZION) Shares Purchased by Skandinaviska Enskilda Banken AB publ
Skandinaviska Enskilda Banken AB publ lifted its position in Zions Bancorporation NA (NASDAQ:ZION) by 11.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,150 shares of the bank’s stock after acquiring an additional 1,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Zions Bancorporation NA were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. FDx Advisors Inc. acquired a new stake in shares of Zions Bancorporation NA in the first quarter worth approximately $19,487,000. BlackRock Inc. boosted its stake in shares of Zions Bancorporation NA by 5.7% in the first quarter. BlackRock Inc. now owns 13,606,273 shares of the bank’s stock worth $364,104,000 after acquiring an additional 732,772 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Zions Bancorporation NA by 4.0% in the first quarter. Victory Capital Management Inc. now owns 6,405,701 shares of the bank’s stock worth $171,417,000 after acquiring an additional 247,041 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Zions Bancorporation NA by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,775,886 shares of the bank’s stock worth $196,044,000 after buying an additional 66,704 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Zions Bancorporation NA by 68.7% during the first quarter. JPMorgan Chase & Co. now owns 3,207,603 shares of the bank’s stock worth $85,836,000 after buying an additional 1,306,565 shares during the last quarter. 95.00% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Thomas E. Laursen sold 5,229 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $31.03, for a total value of $162,255.87. Following the transaction, the vice president now owns 22,975 shares in the company, valued at approximately $712,914.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Harris H. Simmons acquired 40,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $26.43 per share, for a total transaction of $1,057,200.00. Following the acquisition, the chairman now owns 1,222,254 shares in the company, valued at approximately $32,304,173.22. The disclosure for this purchase can be found here. 1.81% of the stock is owned by corporate insiders.
Shares of NASDAQ ZION opened at $32.41 on Friday. The stock’s 50-day moving average is $33.76 and its two-hundred day moving average is $37.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.85 and a quick ratio of 0.85. Zions Bancorporation NA has a 1-year low of $23.58 and a 1-year high of $52.48. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 3.86 and a beta of 1.70.
Zions Bancorporation NA (NASDAQ:ZION) last issued its quarterly earnings results on Monday, April 20th. The bank reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.44). Zions Bancorporation NA had a return on equity of 9.36% and a net margin of 19.32%. The company had revenue of $689.00 million for the quarter, compared to analysts’ expectations of $679.00 million. During the same quarter last year, the company earned $1.04 EPS. Equities research analysts anticipate that Zions Bancorporation NA will post 1.93 earnings per share for the current fiscal year.
About Zions Bancorporation NA
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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