Versor Investments LP Takes Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Versor Investments LP acquired a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the third quarter, according to its most recent filing with the SEC. The fund acquired 17,427 shares of the bank’s stock, valued at approximately $823,000.

A number of other institutional investors have also added to or reduced their stakes in ZION. Dimensional Fund Advisors LP boosted its holdings in Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after purchasing an additional 929,251 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Zions Bancorporation, National Association by 1.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,146,411 shares of the bank’s stock valued at $93,089,000 after buying an additional 22,123 shares during the period. Bank of New York Mellon Corp grew its position in Zions Bancorporation, National Association by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock worth $74,784,000 after buying an additional 5,609 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Zions Bancorporation, National Association by 9.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank’s stock worth $44,202,000 after acquiring an additional 90,234 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Zions Bancorporation, National Association by 75.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after acquiring an additional 433,513 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Jennifer Anne Smith sold 4,385 shares of the business’s stock in a transaction that occurred on 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 directly owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,321,210.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the completion of the sale, the vice president now owns 35,878 shares in the company, valued at approximately $2,182,817.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,228 shares of company stock valued at $519,048 over the last ninety days. 2.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ZION has been the topic of a number of research analyst reports. Jefferies Financial Group decreased their price target on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, September 11th. Evercore ISI lifted their price target on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their price objective on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their target price on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Stephens raised their price objective on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and a consensus target price of $53.12.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $59.69 on Wednesday. The stock has a 50-day simple moving average of $49.63 and a two-hundred day simple moving average of $46.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. Zions Bancorporation, National Association has a 52-week low of $32.24 and a 52-week high of $61.08. The firm has a market capitalization of $8.82 billion, a PE ratio of 13.60, a P/E/G ratio of 5.35 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same period in the prior year, the firm posted $1.13 EPS. Analysts forecast that Zions Bancorporation, National Association will post 4.82 EPS 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. This represents a $1.72 dividend on an annualized basis and a yield of 2.88%. 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. Zions Bancorporation, National Association’s dividend payout ratio is presently 37.36%.

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.