Massmutual Trust Co. FSB ADV reduced its position in shares of Zions Bancorporation NA (NASDAQ:ZION) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,969 shares of the bank’s stock after selling 1,723 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Zions Bancorporation NA were worth $2,525,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of Zions Bancorporation NA by 154.7% during the 4th quarter. Millennium Management LLC now owns 3,913,496 shares of the bank’s stock valued at $159,436,000 after acquiring an additional 2,376,929 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Zions Bancorporation NA by 13.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,726,342 shares of the bank’s stock worth $192,552,000 after purchasing an additional 565,470 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Zions Bancorporation NA in the fourth quarter worth $22,000,000. Two Sigma Advisers LP boosted its holdings in Zions Bancorporation NA by 183.1% in the fourth quarter. Two Sigma Advisers LP now owns 833,454 shares of the bank’s stock worth $33,955,000 after purchasing an additional 539,100 shares in the last quarter. Finally, EJF Capital LLC boosted its holdings in Zions Bancorporation NA by 161.5% in the third quarter. EJF Capital LLC now owns 682,053 shares of the bank’s stock worth $34,205,000 after purchasing an additional 421,181 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.
NASDAQ:ZION traded down $1.06 during mid-day trading on Friday, hitting $47.30. The company’s stock had a trading volume of 2,392,700 shares, compared to its average volume of 2,348,517. Zions Bancorporation NA has a fifty-two week low of $38.08 and a fifty-two week high of $59.19. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $9.09 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.32 and a beta of 1.48.
ZION has been the subject of a number of recent research reports. Vining Sparks reiterated a “buy” rating and issued a $63.00 price objective on shares of Zions Bancorporation NA in a report on Thursday, January 24th. BidaskClub upgraded shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a report on Friday, January 25th. ValuEngine upgraded shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Zacks Investment Research restated a “hold” rating and set a $43.00 price target on shares of Zions Bancorporation NA in a report on Monday, December 31st. Finally, Wedbush upped their price target on shares of Zions Bancorporation NA from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $55.18.
In other Zions Bancorporation NA news, insider Jennifer Anne Smith sold 7,746 shares of the company’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $48.28, for a total transaction of $373,976.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David E. Blackford sold 2,027 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $50.80, for a total transaction of $102,971.60. The disclosure for this sale can be found here. Insiders sold 31,225 shares of company stock valued at $1,537,180 in the last three months. Company insiders own 1.60% of the company’s stock.
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Zions Bancorporation NA Profile
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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