The Teachers Retirement System of the State of Kentucky reportedly initiated a new position in Zions Bancorporation, National Association (NASDAQ: ZION) during the third quarter, as stated in its most recent 13F filing with the SEC.
The institutional investor purchased 405,375 shares of the bank’s stock at approximately $20,618,000 throughout the transaction.
The Teachers Retirement System of Kentucky reportedly holds ownership interests equal to approximately 0.27% of Zions Bancorporation, National Association, as stated in its most recent filing with the SEC.
According to other news regarding the company, Zions Bancorporation’s National Association Executive Vice President Steven Dan Stephens sold 6,000 shares of the company’s stock on February 7.
This transaction was reported in other news regarding the company.
Because each share was sold at an average price of $54.42, the overall value of the transactions that took place was equal to $326,520.00. Following the completion of the sale, the executive vice president has accumulated 38,509 shares in the company, each of which is currently estimated to be worth approximately $2,095,659.78. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction.
In other news about this topic, on January 31, the company’s Chief Executive Officer, Alan M. Forney, sold 4,307 shares of company stock.
The stock was acquired at an average price of $53.02 per share, resulting in a total value of $228,357.14 being transferred. Following the completion of the transaction, the CEO now owns 18,014 shares of the company’s stock, which together have a value of approximately $955,102.28. You will be taken to a filing made with the Securities and Exchange Commission if you click on the link provided for you, where you will be able to obtain additional information regarding the sale.
In addition, Executive Vice President Steven Dan Stephens sold 6,000 shares of the company’s stock on February 7.
Because each share was sold at an average price of $54.42, the overall value of the transactions that took place was equal to $326,520.00.
After the completion of the transaction, the executive vice president now directly owns 38,509 shares of the company’s stock.
Based on the current stock price, these shares have an approximate value of $2,095,659.78.
Disclosures related to the sale might be found in this website section. Over the past three months, company insiders have parted with 12,932 shares, realizing a total sale price of $693,458.
This represents 1.81 percent of the total number of shareholders in the company.
The percentage of each investor’s portfolio comprised of ZION holdings has recently been subject to revisions by various institutional investors.
During the second quarter, Private Trust Company, National Association, invested in Zions Bancorporation, National Association, amounting to approximately $29,000. Recent investment activity conducted by Ronald Blue Trust INC resulted in purchasing approximately 37,000 dollars’ worth of shares issued by Zions Bancorporation, National Association.
To increase diversification within International Assets Investment Management LLC’s portfolio during the third quarter, approximately fifty thousand dollars was invested in Zions Bancorporation, National Association.
During the third quarter, Parkside Federal Bank & Trust achieved a 39.6 percent increase in the proportion of Zions Bancorporation, National Association stock that it owned.
Parkside Financial Bank & Trust now has 1,328 shares in the company after purchasing an additional 377 shares over the past three months.
The value of Parkside Financial Bank & Trust’s shares in the company is $68,000.
As a final point of interest, Eagle Bay Advisors LLC saw a 4,061.1% increase in the value of its holdings in Zions Bancorporation, National Association, during the second quarter.
After purchasing an additional 1,462 shares over the past three months, Eagle Bay Advisors LLC now has 1,498 shares of the bank’s stock, currently valued at $76,000.
These shares were obtained due to the company’s acquisition of 1,462 additional shares.
At the moment, institutions own 81.86 percent of the equity in the company.
ZION has been the subject of several investigations as of late as a result of research that has recently focused its attention on it.
In a research report published on February 1, Truist Financial increased its “buy” rating and price objective on Zions Bancorporation, National Association, from $57.00 to $59.00.
The price objective was also increased.
In a research study released on November 16, the UBS Group announced they would increase their price target for Zions Bancorporation, National Association, to $65.00.
This news was shared in conjunction with the publication of the study. Zions Bancorporation, National Association, was assigned an “underweight” rating by JPMorgan Chase & Co in a research report published on January 25.
This rating represented a downgrade from the company’s previous “neutral” rating.
In addition, they reduced the price objective for the stock, bringing it down from $49.00 to $46,000.
In a research note published on January 24, Morgan Stanley lowered its “equal weight” rating and price objective on Zions Bancorporation, National Association, from $65.00 to $59.00.
The note was about Zions Bancorporation, National Association.
The new price target is going to be $59.00. Zions Bancorporation, National Association was moved from having a “neutral” rating to a “buy” rating by DA Davidson in a research report published on Tuesday, December 20.
Additionally, DA Davidson established a price objective of $56.00 for the company.
They explained their choice by stating that it was derived from their situation evaluation.
Two analysts have suggested that investors consider selling their shares; eleven analysts have suggested that investors maintain their current position; and three analysts have suggested that investors consider purchasing shares.
According to the data made available by Bloomberg, the company is currently rated as having a “Hold” status, and market analysts have projected that the company’s price will reach $58.32 at some point in the future.
On Thursday, the NASDAQ ZION market opened for trading for the first time with an opening price of $30.71. Over the last 52 weeks, the price of Zions Bancorporation, National Association has ranged from a low of $2.55 to a high of $71.25 at various points.
Although the current ratio, the quick ratio, and the debt-to-equity ratio all come in at 0.84, the debt-to-equity ratio currently stands at 2.49. Currently, the share price is trading at $50.00, which places it higher than its 50-day simple moving average and its 200-day simple moving average.
The company currently has a market capitalization of $4.57 billion and a price-to-earnings ratio of 5.29.
This security has a price-to-earnings-growth ratio of 0.19 and a beta value of 1.17.
Both of these metrics are positive.
Zions Bancorporation, National Association (NASDAQ: ZION) made its report on the company’s quarterly financial results public on Monday, January 23.
The report was included in the company’s earnings release. For the quarter, the bank achieved earnings per share of $1.84, $0.18 more than the average prediction of $1.66.
The return on equity for Zions Bancorporation, National Association, was 18.36%, and the net margin was 27.18%.
Both of these numbers are expressed as a percentage of the total.
The actual amount of revenue brought in for the company during the quarter is $988 million, which is significantly higher than the $873.05 million in revenue forecasted for the corporation throughout the quarter.
During the same period the previous year, the corporation generated a profit of $1.34 per share of its common stock. Zions Bancorporation, National Association is expected to generate earnings of 6.4 cents per share in the current year, according to monetary experts.