Aigen Investment Management LP Invests $283,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Aigen Investment Management LP bought a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) during the third quarter, Holdings Channel reports. The fund bought 6,001 shares of the bank’s stock, valued at approximately $283,000.

A number of other institutional investors have also recently added to or reduced their stakes in ZION. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Zions Bancorporation, National Association in the 3rd quarter worth about $279,000. Versor Investments LP acquired a new position in shares of Zions Bancorporation, National Association during the third quarter worth about $823,000. Venturi Wealth Management LLC boosted its position in shares of Zions Bancorporation, National Association by 209.1% in the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after buying an additional 1,671 shares during the period. Wolverine Asset Management LLC purchased a new position in Zions Bancorporation, National Association in the 3rd quarter worth approximately $1,629,000. Finally, Los Angeles Capital Management LLC grew its position in Zions Bancorporation, National Association by 14.2% in the third quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank’s stock valued at $16,581,000 after acquiring an additional 43,720 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the sale, the vice president now owns 35,878 shares of the company’s stock, valued at $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value of $234,422.10. Following the sale, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $1,321,210.44. The trade was a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,228 shares of company stock valued at $519,048 in the last quarter. Company insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ZION shares. JPMorgan Chase & Co. cut their price target on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. The Goldman Sachs Group upped their target price on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Truist Financial raised their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Evercore ISI upped their price target on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.59.

Zions Bancorporation, National Association Price Performance

NASDAQ ZION opened at $59.51 on Friday. Zions Bancorporation, National Association has a 1 year low of $33.66 and a 1 year high of $61.80. The stock has a market capitalization of $8.79 billion, a P/E ratio of 13.56, a P/E/G ratio of 5.27 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The business’s fifty day moving average is $50.44 and its two-hundred day moving average is $47.04.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $781.63 million. During the same period in the previous year, the company posted $1.13 EPS. On average, research analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.89%. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 39.18%.

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.