21,215 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,215 shares of the bank’s stock, valued at approximately $931,000.

Several other large investors have also modified their holdings of ZION. Yousif Capital Management LLC increased its holdings in Zions Bancorporation, National Association by 1.2% during the fourth quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank’s stock valued at $1,148,000 after buying an additional 310 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Zions Bancorporation, National Association by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock valued at $2,229,000 after buying an additional 330 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after buying an additional 331 shares in the last quarter. New Mexico Educational Retirement Board grew its position in shares of Zions Bancorporation, National Association by 5.5% in the 3rd quarter. New Mexico Educational Retirement Board now owns 7,672 shares of the bank’s stock worth $268,000 after buying an additional 400 shares during the last quarter. Finally, Avaii Wealth Management LLC grew its holdings in Zions Bancorporation, National Association by 3.7% in the third quarter. Avaii Wealth Management LLC now owns 11,602 shares of the bank’s stock worth $405,000 after purchasing an additional 415 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Wall Street Analysts Forecast Growth

ZION has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. UBS Group lowered their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday. Compass Point restated a “neutral” rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th. Truist Financial reiterated a “hold” rating and issued a $46.00 target price on shares of Zions Bancorporation, National Association in a research note on Monday, April 1st. Finally, Wedbush cut their price target on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Zions Bancorporation, National Association currently has an average rating of “Hold” and a consensus price target of $43.16.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the completion of the transaction, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the completion of the transaction, the executive vice president now owns 44,056 shares of the company’s stock, valued at $1,797,925.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Harris H. Simmons purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,312,987 shares of the company’s stock, valued at approximately $50,602,518.98. The disclosure for this purchase can be found here. Insiders sold 18,022 shares of company stock worth $744,893 over the last three months. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION traded down $0.90 during midday trading on Thursday, reaching $41.27. 1,529,668 shares of the stock were exchanged, compared to its average volume of 3,008,446. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 10.37 and a beta of 1.13. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $40.86 and a two-hundred day simple moving average of $39.30. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $747.21 million. During the same quarter last year, the business earned $1.33 earnings per share. As a group, analysts anticipate that Zions Bancorporation, National Association will post 4.29 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, February 14th. Zions Bancorporation, National Association’s payout ratio is currently 41.21%.

About Zions Bancorporation, National Association

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.