Zions Bancorporation, National Association (NASDAQ:ZION) Stake Boosted by Quest Partners LLC

Quest Partners LLC boosted its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 7,655,500.0% in the third quarter, HoldingsChannel.com reports. The firm owned 76,556 shares of the bank’s stock after acquiring an additional 76,555 shares during the period. Zions Bancorporation, National Association accounts for approximately 0.3% of Quest Partners LLC’s investment portfolio, making the stock its 25th biggest holding. Quest Partners LLC’s holdings in Zions Bancorporation, National Association were worth $3,615,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the 3rd quarter valued at about $28,000. ORG Partners LLC acquired a new position in Zions Bancorporation, National Association in the second quarter valued at approximately $33,000. International Assets Investment Management LLC bought a new position in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $34,000. Rothschild Investment LLC bought a new position in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $39,000. Finally, Abich Financial Wealth Management LLC raised its position in shares of Zions Bancorporation, National Association by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock worth $49,000 after purchasing an additional 372 shares during the period. Institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling

In related news, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $60.84, for a total value 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. This represents a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the transaction, the executive vice president now owns 24,714 shares in the company, valued at approximately $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 have sold 9,228 shares of company stock worth $519,048 in the last three months. 2.22% of the stock is currently owned by insiders.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $59.51 on Monday. The company has a 50-day moving average of $50.44 and a 200-day moving average of $47.12. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 5.27 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a twelve month low of $33.66 and a twelve month high of $61.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.16 by $0.21. The business 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 business earned $1.13 earnings per share. Analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend 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 dividend yield of 2.89%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 39.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ZION shares. Wells Fargo & Company boosted their price objective on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday. Keefe, Bruyette & Woods upped their price target on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Evercore ISI lifted their price objective on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their target price 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. Finally, StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $53.59.

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.