Oregon Public Employees Retirement Fund sells 5,900 shares of Zions Bancorporation, National Association (NASDAQ:ZION) shares

Oregon Public Employees Retirement Fund lessened its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION – Free Report ) by 16.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,700 shares of the bank’s stock after selling 5,900 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Zions Bancorporation National Association were worth $1,331,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Zions Bancorporation, National Association by 4,136.7% in the fourth quarter. International Assets Investment Management LLC now owns 34,826 shares of the bank’s stock valued at $1,528,000 after acquiring an additional 34,004 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at $1,108,000. Amalgamated Bank boosted its holdings in shares of Zions Bancorporation, National Association by 30.9% in the fourth quarter. Amalgamated Bank now owns 59,385 shares of the bank’s stock valued at $2,605,000 after buying an additional 14,012 shares in the last quarter. National Bank of Canada FI boosted its holdings in Zions Bancorporation, National Association by 9.3% in the 4th quarter. National Bank of Canada FI now owns 34,489 shares of the bank’s stock worth $1,522,000 after buying another 2,923 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in Zions Bancorporation, National Association during the 4th quarter valued at about $359,000. 76.84% of the shares are held by hedge funds and other institutional investors.

Insiders place their bets

In other news, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the sale, the vice president now directly owns 17,857 shares of the company’s stock, valued at $925,528.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the transaction, the executive vice president now directly owns 24,640 shares in the company, valued at approximately $1,275,859.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction on 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 $925,528.31. The disclosure for this sale can be found here. Insiders have sold a total of 67,073 shares of company stock worth $3,476,298 in the last 90 days. 2.22% of shares are currently held by corporate insiders.

Changes in Analyst Ratings

ZION has been the subject of a number of analyst research reports. Keefe, Bruyette & Woods raised their price objective on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a “market perform” rating in a research report on Tuesday , July 23. Compass Point boosted their price target on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Wells Fargo & Company dropped their price target on Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 21st . Stephens boosted their price objective on Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Truist Financial boosted their price target on Zions Bancorporation, National Association from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, the 24th July. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.61, based on data from MarketBeat.

Check out the latest stock analysis on ZION

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $45.03 on Monday. The stock has a 50-day moving average price of $47.56 and a 200-day moving average price of $43.78. The stock has a market cap of $6.65 billion, a P/E ratio of 11.31, a P/E/G ratio of 2.85 and a beta of 1.09. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32. The company has a current ratio of 0.84, a quick ratio of 0.84, and a debt-to-equity ratio of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report ) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $761.61 million. During the same period last year, the firm posted EPS of $1.11. The company’s revenue was down 0.5% year-over-year. equities research analysts forecast that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a $0.41 dividend. This represents an annualized dividend of $1.64 and a yield of 3.64%. The ex-dividend date was Thursday, August 15. Zions Bancorporation, National Association’s payout ratio is currently 41.21%.

About Zions Bancorporation, National Association

(Free report)

Zions Bancorporation, National Association offers 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 the Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and The Commerce Bank of Washington segments.

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