Carlson Capital L.P. Purchases Shares of 10,800 Zions Bancorporation, N.A. $ZION

Carlson Capital L.P. bought a new stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,800 shares of the bank’s stock, valued at approximately $561,000.

Several other institutional investors also recently added to or reduced their stakes in ZION. Nordea Investment Management AB raised its stake in shares of Zions Bancorporation, N.A. by 15.0% in the second quarter. Nordea Investment Management AB now owns 256,710 shares of the bank’s stock valued at $13,349,000 after purchasing an additional 33,449 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Zions Bancorporation, N.A. in the 2nd quarter valued at $814,000. Ground Swell Capital LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at $312,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Zions Bancorporation, N.A. during the 2nd quarter worth about $452,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Zions Bancorporation, N.A. by 7.7% during the 1st quarter. Russell Investments Group Ltd. now owns 68,516 shares of the bank’s stock worth $3,416,000 after acquiring an additional 4,876 shares during the period. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. Trading Up 0.1%

Shares of NASDAQ ZION opened at $53.26 on Thursday. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $61.96. The firm has a market capitalization of $7.86 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.85 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50 day simple moving average is $53.49 and its 200 day simple moving average is $53.01.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its earnings results on Monday, June 12th. The bank reported $1.32 earnings per share (EPS) for the quarter. Zions Bancorporation, N.A. had a return on equity of 13.84% and a net margin of 17.22%.The firm had revenue of $705.00 million for the quarter. On average, analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, November 13th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 32.26%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ZION. JPMorgan Chase & Co. raised their target price on Zions Bancorporation, N.A. from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Morgan Stanley increased their price objective on Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Weiss Ratings downgraded shares of Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Baird R W raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Finally, Robert W. Baird raised shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.29.

Insider Buying and Selling

In other news, EVP Jennifer Anne Smith sold 2,458 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $53.11, for a total value of $130,544.38. Following the sale, the executive vice president directly owned 27,133 shares in the company, valued at $1,441,033.63. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, N.A. 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.