Duality Advisers LP acquired a new position in shares of Zions Bancorporation NA (NASDAQ:ZION) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 58,202 shares of the bank’s stock, valued at approximately $1,979,000.
Several other hedge funds have also bought and sold shares of ZION. Macquarie Group Ltd. boosted its holdings in shares of Zions Bancorporation NA by 5.7% during the fourth quarter. Macquarie Group Ltd. now owns 257,756 shares of the bank’s stock worth $13,383,000 after purchasing an additional 13,948 shares during the last quarter. Norges Bank acquired a new position in Zions Bancorporation NA in the fourth quarter valued at $89,690,000. State of Alaska Department of Revenue boosted its holdings in Zions Bancorporation NA by 8.2% in the first quarter. State of Alaska Department of Revenue now owns 89,386 shares of the bank’s stock valued at $2,391,000 after acquiring an additional 6,739 shares during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in Zions Bancorporation NA by 112.4% in the first quarter. Carolina Wealth Advisors LLC now owns 10,330 shares of the bank’s stock valued at $276,000 after acquiring an additional 5,466 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in Zions Bancorporation NA by 15.9% in the first quarter. Wedge Capital Management L L P NC now owns 10,006 shares of the bank’s stock valued at $268,000 after acquiring an additional 1,371 shares during the last quarter. Institutional investors and hedge funds own 95.88% of the company’s stock.
In related news, VP Thomas E. Laursen sold 5,229 shares of Zions Bancorporation NA 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 of the company’s stock, valued at approximately $712,914.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Harris H. Simmons purchased 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $26.43 per share, for a total transaction of $1,057,200.00. Following the purchase, the chairman now directly 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 insiders.
NASDAQ:ZION opened at $32.47 on Friday. The business’s 50-day moving average price is $33.52 and its 200 day moving average price is $35.32. The firm has a market cap of $5.32 billion, a P/E ratio of 12.07, a PEG ratio of 3.56 and a beta of 1.70. Zions Bancorporation NA has a 52-week low of $23.58 and a 52-week high of $52.48. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.19.
Zions Bancorporation NA (NASDAQ:ZION) last released its earnings results on Monday, July 20th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $686.00 million for the quarter, compared to analyst estimates of $694.13 million. Zions Bancorporation NA had a return on equity of 7.46% and a net margin of 15.70%. During the same period in the previous year, the firm earned $0.99 earnings per share. Sell-side analysts expect that Zions Bancorporation NA will post 2.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 13th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.19%. Zions Bancorporation NA’s payout ratio is currently 31.41%.
Zions Bancorporation NA Profile
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.
Receive News & Ratings for Zions Bancorporation NA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorporation NA and related companies with MarketBeat.com's FREE daily email newsletter.