Empirical Finance LLC bought a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,939 shares of the bank’s stock, valued at approximately $200,000.
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Other large investors have also modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Zions Bancorporation, National Association by 0.8% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 38,265 shares of the bank’s stock valued at $1,948,000 after buying an additional 315 shares during the period. Federated Hermes Inc. boosted its position in shares of Zions Bancorporation, National Association by 2.9% during the second quarter. Federated Hermes Inc. now owns 55,138 shares of the bank’s stock valued at $2,806,000 after buying an additional 1,553 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Zions Bancorporation, National Association in the third quarter valued at approximately $256,000. Rhumbline Advisers boosted its holdings in shares of Zions Bancorporation, National Association by 4.9% in the second quarter. Rhumbline Advisers now owns 348,079 shares of the bank’s stock valued at $17,717,000 after purchasing an additional 16,355 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Zions Bancorporation, National Association by 135.5% in the second quarter. Nordea Investment Management AB now owns 72,611 shares of the bank’s stock valued at $3,636,000 after purchasing an additional 41,783 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.
Zions Bancorporation, National Association Price Performance
NASDAQ ZION opened at $53.37 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.73 and a quick ratio of 0.72. The stock’s fifty day moving average price is $49.73 and its 200 day moving average price is $52.23. Zions Bancorporation, National Association has a 1 year low of $45.21 and a 1 year high of $75.44. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.33 and a beta of 1.15.
Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) last released its earnings results on Monday, January 23rd. The bank reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.18. Zions Bancorporation, National Association had a return on equity of 18.36% and a net margin of 27.18%. The firm had revenue of $988.00 million for the quarter, compared to the consensus estimate of $873.05 million. During the same period in the prior year, the firm earned $1.34 EPS. As a group, equities research analysts forecast that Zions Bancorporation, National Association will post 6.47 earnings per share for the current year.
Zions Bancorporation, National Association announced that its board has approved a stock repurchase plan on Friday, October 28th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the bank to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Zions Bancorporation, National Association Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 23rd. Investors of record on Thursday, February 16th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.07%. Zions Bancorporation, National Association’s payout ratio is 28.28%.
Insider Activity at Zions Bancorporation, National Association
In related news, VP Bruce K. Alexander sold 2,378 shares of the company’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $52.05, for a total value of $123,774.90. Following the transaction, the vice president now directly owns 15,172 shares of the company’s stock, valued at approximately $789,702.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 14,774 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $49.82, for a total value of $736,040.68. Following the sale, the vice president now directly owns 14,530 shares of the company’s stock, valued at $723,884.60. The…
Read More: Empirical Finance LLC Buys Shares of 3,939 Zions Bancorporation, National