Cottonwood Capital Advisors LLC Has $625,000 Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Cottonwood Capital Advisors LLC cut its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,234 shares of the bank’s stock after selling 692 shares during the quarter. Cottonwood Capital Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZION. CVA Family Office LLC increased its stake in Zions Bancorporation, National Association by 0.9% in the third quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock valued at $1,191,000 after acquiring an additional 217 shares during the last quarter. Strategic Advocates LLC boosted its holdings in shares of Zions Bancorporation, National Association by 6.1% in the 2nd quarter. Strategic Advocates LLC now owns 5,149 shares of the bank’s stock valued at $223,000 after purchasing an additional 296 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of Zions Bancorporation, National Association by 26.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after buying an additional 296 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of Zions Bancorporation, National Association by 8.3% during the 2nd quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock worth $170,000 after buying an additional 299 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted 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 worth $1,174,000 after buying an additional 327 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Up 2.0 %

NASDAQ:ZION opened at $59.29 on Monday. Zions Bancorporation, National Association has a 52 week low of $32.24 and a 52 week high of $60.41. The firm’s fifty day moving average is $49.20 and its 200-day moving average is $46.47. The firm has a market cap of $8.76 billion, a P/E ratio of 13.24, a P/E/G ratio of 5.18 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.78 and a current ratio of 0.78.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping 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 firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. During the same period last year, the business posted $1.13 EPS. Equities analysts expect that Zions Bancorporation, National Association will post 4.82 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a $0.43 dividend. The ex-dividend date is Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.90%. Zions Bancorporation, National Association’s payout ratio is 39.18%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ZION shares. Robert W. Baird lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Wedbush upped their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Argus lowered shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Compass Point upped their price target on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley upped 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 report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and an average price target of $53.12.

Insiders Place Their Bets

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the completion of the sale, the executive vice president now owns 24,714 shares of the company’s stock, valued at $1,321,210.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.22% of the company’s stock.

About Zions Bancorporation, National Association

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.