SG Americas Securities LLC Takes $14.46 Million Position in Zions Bancorporation, N.A. $ZION

SG Americas Securities LLC acquired a new position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 246,982 shares of the bank’s stock, valued at approximately $14,458,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ZION. Community Bank N.A. acquired a new stake in Zions Bancorporation, N.A. in the 3rd quarter valued at about $36,000. Salomon & Ludwin LLC acquired a new position in Zions Bancorporation, N.A. during the third quarter worth approximately $37,000. Steph & Co. acquired a new position in Zions Bancorporation, N.A. during the third quarter worth approximately $37,000. Quent Capital LLC bought a new stake in Zions Bancorporation, N.A. in the third quarter valued at approximately $45,000. Finally, SJS Investment Consulting Inc. raised its stake in Zions Bancorporation, N.A. by 3,950.0% in the third quarter. SJS Investment Consulting Inc. now owns 810 shares of the bank’s stock valued at $46,000 after buying an additional 790 shares during the period. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. Price Performance

Zions Bancorporation, N.A. stock opened at $55.40 on Friday. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $66.18. The stock’s 50 day moving average is $58.89 and its 200-day moving average is $56.80. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 9.23 and a beta of 0.83.

Zions Bancorporation, N.A. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 12th were paid a $0.45 dividend. The ex-dividend date was Thursday, February 12th. This represents a $1.80 annualized dividend and a yield of 3.2%. Zions Bancorporation, N.A.’s payout ratio is 30.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on ZION. Brean Capital began coverage on Zions Bancorporation, N.A. in a research note on Thursday, March 12th. They set a “neutral” rating for the company. Stephens increased their price target on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 21st. Barclays raised their price target on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the company an “underweight” rating in a report on Monday, January 5th. Citigroup lifted their price objective on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Finally, Evercore upped their price objective on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.58.

Insider Transactions at Zions Bancorporation, N.A.

In other news, CEO Harris H. Simmons bought 4,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of $59.03 per share, with a total value of $265,635.00. Following the completion of the acquisition, the chief executive officer owned 1,317,493 shares of the company’s stock, valued at $77,771,611.79. This represents a 0.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Eric Ellingsen sold 1,519 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $61.27, for a total transaction of $93,069.13. Following the completion of the sale, the vice president directly owned 40,361 shares of the company’s stock, valued at approximately $2,472,918.47. The trade was a 3.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 55,581 shares of company stock worth $3,498,774. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, N.A. Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.