Massmutual Trust Co. FSB ADV Lowers Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Massmutual Trust Co. FSB ADV trimmed its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,171 shares of the bank’s stock after selling 1,212 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Zions Bancorporation, National Association were worth $484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZION. GAMMA Investing LLC raised its position in shares of Zions Bancorporation, National Association by 19.9% during the 2nd quarter. GAMMA Investing LLC now owns 7,846 shares of the bank’s stock worth $340,000 after purchasing an additional 1,302 shares during the last quarter. Abich Financial Wealth Management LLC grew its stake in shares of Zions Bancorporation, National Association by 49.7% during the first quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock valued at $49,000 after acquiring an additional 372 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Zions Bancorporation, National Association by 223.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,401 shares of the bank’s stock valued at $1,797,000 after acquiring an additional 28,600 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Zions Bancorporation, National Association during the first quarter worth about $878,000. Finally, Cetera Investment Advisers increased its stake in shares of Zions Bancorporation, National Association by 56.5% in the first quarter. Cetera Investment Advisers now owns 42,811 shares of the bank’s stock valued at $1,858,000 after purchasing an additional 15,458 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the sale, the vice president now owns 17,857 shares of the company’s stock, valued at $925,528.31. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the sale, the executive vice president now directly owns 24,640 shares in the company, valued at approximately $1,275,859.20. The disclosure for this sale can be found here. Insiders sold 67,578 shares of company stock worth $3,498,965 in the last three months. 2.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZION. Truist Financial raised their price target on shares of Zions Bancorporation, National Association from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company raised their price target on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Argus lowered shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Jefferies Financial Group lowered their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.72.

Zions Bancorporation, National Association Trading Up 0.2 %

NASDAQ:ZION traded up $0.08 during trading hours on Tuesday, hitting $46.10. The company had a trading volume of 1,433,752 shares, compared to its average volume of 2,360,776. The company has a market capitalization of $6.81 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11. The stock has a 50-day moving average price of $44.91 and a 200 day moving average price of $42.78. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week high of $53.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.78.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, beating the consensus estimate of $1.10 by $0.18. The business had revenue of $776.00 million during 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%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share. On average, equities research analysts predict that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 15th will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.56%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

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.