Atomi Financial Group Inc. Purchases 534 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Atomi Financial Group Inc. increased its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,026 shares of the bank’s stock after buying an additional 534 shares during the period. Atomi Financial Group Inc.’s holdings in Zions Bancorporation, National Association were worth $327,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in Zions Bancorporation, National Association by 1.2% in the 2nd quarter. Hsbc Holdings PLC now owns 30,247 shares of the bank’s stock valued at $1,312,000 after purchasing an additional 363 shares during the period. Sei Investments Co. boosted its holdings in Zions Bancorporation, National Association by 1.9% in the 2nd quarter. Sei Investments Co. now owns 74,861 shares of the bank’s stock valued at $3,246,000 after purchasing an additional 1,394 shares during the period. Ensign Peak Advisors Inc boosted its holdings in Zions Bancorporation, National Association by 7.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 46,479 shares of the bank’s stock valued at $2,016,000 after purchasing an additional 3,240 shares during the period. AQR Capital Management LLC boosted its holdings in Zions Bancorporation, National Association by 75.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after purchasing an additional 433,513 shares during the period. Finally, Algert Global LLC boosted its holdings in Zions Bancorporation, National Association by 19.4% in the 2nd quarter. Algert Global LLC now owns 91,784 shares of the bank’s stock valued at $3,981,000 after purchasing an additional 14,914 shares during the period. 76.84% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the transaction, the vice president now owns 35,878 shares of the company’s stock, valued at $2,182,817.52. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the transaction, the executive vice president now directly owns 24,714 shares in the company, 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. In the last quarter, insiders have sold 18,881 shares of company stock valued at $1,108,184. 2.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ZION has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Royal Bank of Canada increased their price objective on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a “sector perform” rating in a research note on Wednesday. Compass Point increased their price objective on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Evercore ISI increased their price objective on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, UBS Group initiated coverage on shares of Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price objective for the company. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.71.

Zions Bancorporation, National Association Trading Up 1.1 %

ZION opened at $58.64 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $8.66 billion, a PE ratio of 11.85, a PEG ratio of 3.10 and a beta of 1.12. Zions Bancorporation, National Association has a 1-year low of $37.76 and a 1-year high of $63.22. The firm has a 50-day moving average price of $57.16 and a two-hundred day moving average price of $52.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.08. The firm had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $787,704.90 billion. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. As a group, equities analysts anticipate that Zions Bancorporation, National Association will post 4.96 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Thursday, November 14th. 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 34.75%.

About Zions Bancorporation, National Association

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.