Caprock Group LLC Grows Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Caprock Group LLC increased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 19.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,389 shares of the bank’s stock after buying an additional 1,203 shares during the quarter. Caprock Group LLC’s holdings in Zions Bancorporation, National Association were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ZION. Pathstone Holdings LLC grew its stake in shares of Zions Bancorporation, National Association by 8.7% during the 3rd quarter. Pathstone Holdings LLC now owns 116,348 shares of the bank’s stock valued at $5,494,000 after buying an additional 9,298 shares during the period. Wharton Business Group LLC acquired a new stake in Zions Bancorporation, National Association during the third quarter worth about $211,000. Quest Partners LLC increased its stake in Zions Bancorporation, National Association by 7,655,500.0% during the third quarter. Quest Partners LLC now owns 76,556 shares of the bank’s stock worth $3,615,000 after acquiring an additional 76,555 shares during the last quarter. TrinityPoint Wealth LLC purchased a new position in shares of Zions Bancorporation, National Association in the 3rd quarter worth about $206,000. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Zions Bancorporation, National Association by 25.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock valued at $126,762,000 after purchasing an additional 538,049 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zions Bancorporation, National Association

In related news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the sale, the vice president now directly owns 35,878 shares in the company, valued at $2,182,817.52. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 3,605 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $58.06, for a total transaction of $209,306.30. Following the completion of the transaction, the executive vice president now owns 24,714 shares of the company’s stock, valued at approximately $1,434,894.84. This trade represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,228 shares of company stock worth $519,048 in the last 90 days. 2.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays raised their price target on shares of Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an “underweight” rating in a report on Tuesday, October 22nd. Robert W. Baird lifted their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley raised their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their price objective on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their target price on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, seventeen 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 an average target price of $54.63.

Zions Bancorporation, National Association Stock Up 2.4 %

ZION stock opened at $60.58 on Friday. The firm has a fifty day moving average price of $51.81 and a two-hundred day moving average price of $47.65. 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 has a 1-year low of $33.66 and a 1-year high of $61.80. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 5.23 and a beta of 1.07.

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

Zions Bancorporation, National Association Increases Dividend

The business 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 is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.84%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 39.18%.

Zions Bancorporation, National Association 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.