Pinnacle Bank decreased its stake in shares of Zions Bancorporation NA (NASDAQ:ZION) by 18.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,725 shares of the bank’s stock after selling 400 shares during the period. Pinnacle Bank’s holdings in Zions Bancorporation NA were worth $77,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Meeder Asset Management Inc. increased its holdings in Zions Bancorporation NA by 3.8% during the second quarter. Meeder Asset Management Inc. now owns 17,062 shares of the bank’s stock valued at $784,000 after buying an additional 622 shares during the last quarter. Crestline Management LP purchased a new stake in shares of Zions Bancorporation NA in the second quarter worth $1,090,000. Calamos Wealth Management LLC increased its stake in shares of Zions Bancorporation NA by 2.7% in the second quarter. Calamos Wealth Management LLC now owns 132,872 shares of the bank’s stock worth $6,109,000 after purchasing an additional 3,466 shares in the last quarter. Sapience Investments LLC increased its stake in shares of Zions Bancorporation NA by 13.7% in the first quarter. Sapience Investments LLC now owns 75,550 shares of the bank’s stock worth $3,431,000 after purchasing an additional 9,080 shares in the last quarter. Finally, CX Institutional increased its stake in shares of Zions Bancorporation NA by 21.5% in the second quarter. CX Institutional now owns 24,502 shares of the bank’s stock worth $1,127,000 after purchasing an additional 4,338 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

A number of analysts have recently issued reports on ZION shares. Wells Fargo & Co reissued a “hold” rating on shares of Zions Bancorporation NA in a research note on Friday, August 16th. Keefe, Bruyette & Woods cut shares of Zions Bancorporation NA from an “outperform” rating to a “market perform” rating and cut their target price for the company from $53.00 to $47.00 in a research note on Tuesday, July 23rd. BidaskClub raised shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a research note on Saturday, September 14th. ValuEngine raised shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets cut their target price on shares of Zions Bancorporation NA to $47.00 and set a “market perform” rating for the company in a research note on Tuesday, July 23rd. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $51.19.

In related news, insider A Scott Anderson sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $44.92, for a total value of $449,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Thomas E. Laursen sold 957 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $40.75, for a total transaction of $38,997.75. The disclosure for this sale can be found here. Insiders sold a total of 20,886 shares of company stock valued at $936,691 in the last 90 days. Company insiders own 1.70% of the company’s stock.

ZION stock traded up $0.16 during trading on Wednesday, hitting $42.37. 20,321 shares of the company’s stock traded hands, compared to its average volume of 2,306,684. Zions Bancorporation NA has a 52 week low of $38.08 and a 52 week high of $52.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 0.83. The business has a fifty day simple moving average of $42.52 and a 200 day simple moving average of $44.68. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 1.37 and a beta of 1.55.

Zions Bancorporation NA (NASDAQ:ZION) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.10). Zions Bancorporation NA had a net margin of 26.99% and a return on equity of 12.26%. The business had revenue of $701.00 million for the quarter, compared to the consensus estimate of $723.21 million. During the same quarter last year, the business earned $0.89 EPS. Research analysts forecast that Zions Bancorporation NA will post 4.21 earnings per share for the current fiscal year.

Zions Bancorporation NA Company 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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Institutional Ownership by Quarter for Zions Bancorporation NA (NASDAQ:ZION)

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