Zions Bancorporation, National Association (NASDAQ:ZION) Stock Position Boosted by Fmr LLC

Fmr LLC boosted its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 7.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 282,205 shares of the bank’s stock after acquiring an additional 19,072 shares during the quarter. Fmr LLC’s holdings in Zions Bancorporation, National Association were worth $13,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CVA Family Office LLC grew its position in Zions Bancorporation, National Association by 0.9% in the 3rd quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock valued at $1,191,000 after buying an additional 217 shares in the last quarter. Abich Financial Wealth Management LLC grew its position in Zions Bancorporation, National Association by 26.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after buying an additional 296 shares in the last quarter. Centaurus Financial Inc. grew its position in Zions Bancorporation, National Association by 8.3% in the 2nd quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock valued at $170,000 after buying an additional 299 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Zions Bancorporation, National Association by 1.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,063 shares of the bank’s stock valued at $1,174,000 after purchasing an additional 327 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Zions Bancorporation, National Association by 0.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock valued at $1,947,000 after purchasing an additional 348 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ZION shares. JPMorgan Chase & Co. reduced their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Morgan Stanley increased their price target on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Stephens increased their price objective on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Barclays increased their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their price target on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.88.

Insider Activity at Zions Bancorporation, National Association

In other news, EVP Paul E. Burdiss sold 9,506 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares in the company, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value of $234,422.10. Following the transaction, the executive vice president now owns 24,714 shares of the company’s stock, valued at $1,321,210.44. The trade was a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock valued at $1,108,184 over the last ninety days. 2.22% of the stock is owned by insiders.

Zions Bancorporation, National Association Stock Up 0.6 %

Shares of ZION stock opened at $58.42 on Wednesday. The stock has a market cap of $8.63 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 5.23 and a beta of 1.10. The stock has a fifty day moving average price of $54.92 and a 200 day moving average price of $49.01. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $781.63 million. During the same period last year, the business earned $1.13 earnings per share. Analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.94%. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, November 14th. Zions Bancorporation, National Association’s payout ratio is currently 39.18%.

Zions Bancorporation, National Association Company 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.