Sierra Summit Advisors LLC Has $601,000 Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Sierra Summit Advisors LLC increased its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 8.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,863 shares of the bank’s stock after acquiring an additional 1,064 shares during the period. Sierra Summit Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in shares of Zions Bancorporation, National Association during the 4th quarter worth about $1,108,000. Private Advisor Group LLC bought a new position in Zions Bancorporation, National Association during the fourth quarter valued at approximately $359,000. Principal Securities Inc. acquired a new stake in Zions Bancorporation, National Association in the fourth quarter valued at approximately $126,000. Teacher Retirement System of Texas lifted its stake in Zions Bancorporation, National Association by 91.1% in the fourth quarter. Teacher Retirement System of Texas now owns 31,703 shares of the bank’s stock valued at $1,391,000 after acquiring an additional 15,114 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Zions Bancorporation, National Association by 34.8% in the fourth quarter. BNP Paribas Financial Markets now owns 167,560 shares of the bank’s stock worth $7,351,000 after acquiring an additional 43,271 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ZION shares. Compass Point raised their price target on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Argus lowered Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Robert W. Baird upped their price target on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. StockNews.com raised Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Stephens boosted their target price on Zions Bancorporation, National Association from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.83.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $46.49 on Monday. The firm’s 50-day moving average is $47.78 and its 200-day moving average is $44.02. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 2.73 and a beta of 1.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18. The firm had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. During the same period in the previous year, the company posted $1.11 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that Zions Bancorporation, National Association will post 4.52 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a yield of 3.53%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the completion of the transaction, the president now directly owns 74,286 shares in the company, valued at $3,850,243.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at $925,528.31. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock valued at $3,476,298 in the last 90 days. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association 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.