Category: Markets
Published: 2026-08-16T12:37:17.000Z
Bank of America Corp DE increased its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 30.9% in the first quarter, now owning 538,436 shares valued at approximately $31 million. Institutional investors collectively hold 76.84% of the bank's shares. Zions Bancorporation recently raised its quarterly dividend to $0.48 per share and authorized a $225 million share-repurchase program, signaling management's belief that shares are undervalued, despite recent insider sales totaling about $6.3 million.
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