SG Americas Securities LLC Has $580,000 Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

SG Americas Securities LLC raised its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 137.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,369 shares of the bank’s stock after acquiring an additional 5,418 shares during the period. SG Americas Securities LLC’s holdings in Zions Bancorporation, National Association were worth $580,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Maverick Capital Ltd. acquired a new stake in shares of Zions Bancorporation, National Association during the second quarter worth $67,000. Dark Forest Capital Management LP bought a new position in Zions Bancorporation, National Association during the second quarter worth about $100,000. Advisory Services Network LLC acquired a new position in shares of Zions Bancorporation, National Association during the 2nd quarter worth about $101,000. Fieldpoint Private Securities LLC grew its position in shares of Zions Bancorporation, National Association by 13,320.0% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 2,684 shares of the bank’s stock worth $148,000 after buying an additional 2,664 shares during the period. Finally, JCSD Capital LLC bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter valued at about $186,000. 83.10% of the stock is currently owned by institutional investors.

ZION has been the subject of a number of analyst reports. Bank of America cut shares of Zions Bancorporation, National Association from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $65.00 to $68.00 in a report on Thursday, January 6th. Wolfe Research raised shares of Zions Bancorporation, National Association from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $64.00 to $85.00 in a report on Wednesday, November 17th. Compass Point upgraded Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $80.00 in a report on Friday. Raymond James increased their price target on Zions Bancorporation, National Association from $73.00 to $76.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 6th. Finally, Truist lifted their price objective on Zions Bancorporation, National Association from $65.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, October 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $66.63.

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 8,867 shares of the company’s stock in a transaction on Wednesday, November 10th. The shares were sold at an average price of $65.71, for a total transaction of $582,650.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mark Richard Young sold 403 shares of the company’s stock in a transaction on Friday, October 29th. The stock was sold at an average price of $63.07, for a total transaction of $25,417.21. The disclosure for this sale can be found here. In the last three months, insiders sold 34,783 shares of company stock worth $2,281,427. 1.73% of the stock is currently owned by insiders.

Shares of ZION stock opened at $70.65 on Friday. The company’s fifty day simple moving average is $64.91 and its 200-day simple moving average is $59.96. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.14. The firm has a market cap of $11.05 billion, a PE ratio of 9.96, a P/E/G ratio of 0.88 and a beta of 1.42. Zions Bancorporation, National Association has a 12 month low of $43.64 and a 12 month high of $71.21.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Sunday, October 17th. The bank reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.10. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $710.64 million. Zions Bancorporation, National Association had a net margin of 40.66% and a return on equity of 16.21%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. On average, equities analysts predict that Zions Bancorporation, National Association will post 6.74 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 18th. Stockholders of record on Wednesday, November 10th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Tuesday, November 9th. Zions Bancorporation, National Association’s dividend payout ratio is presently 21.44%.

Zions Bancorporation, National Association announced that its board has initiated a stock buyback program on Friday, October 22nd that permits the company to buyback $325.00 million in outstanding shares. This buyback authorization permits the bank to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Zions Bancorporation, National Association Profile

Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington.

Featured Story: Why do company’s buyback their stock?

Institutional Ownership by Quarter for Zions Bancorporation, National Association (NASDAQ:ZION)

Receive News & Ratings for Zions Bancorporation National Association Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorporation National Association and related companies with MarketBeat.com's FREE daily email newsletter.