D.A. Davidson & CO. Buys 965 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

D.A. Davidson & CO. lifted its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,179 shares of the bank’s stock after purchasing an additional 965 shares during the quarter. D.A. Davidson & CO.’s holdings in Zions Bancorporation, National Association were worth $858,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ZION. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association during the 3rd quarter valued at approximately $28,000. ORG Partners LLC bought a new stake in Zions Bancorporation, National Association in the second quarter worth $33,000. International Assets Investment Management LLC bought a new stake in Zions Bancorporation, National Association in the second quarter worth $34,000. Rothschild Investment LLC purchased a new stake in Zions Bancorporation, National Association during the second quarter valued at $39,000. Finally, New Millennium Group LLC bought a new position in Zions Bancorporation, National Association during the second quarter valued at $55,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ZION shares. Wells Fargo & Company boosted their target price on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Barclays raised their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an “underweight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group cut their target price on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, September 11th. Stephens lifted their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley raised 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 report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and an average price target of $55.13.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the company’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 $2,182,817.52. This represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Anne Smith sold 3,605 shares of Zions Bancorporation, National Association stock in a transaction on Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the transaction, the executive vice president now owns 24,714 shares in the company, valued at $1,434,894.84. This represents a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,881 shares of company stock valued at $1,108,184. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Down 0.3 %

Shares of NASDAQ:ZION opened at $60.52 on Monday. The business’s 50 day moving average is $53.17 and its 200 day moving average is $48.24. The stock has a market cap of $8.94 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 5.36 and a beta of 1.07. Zions Bancorporation, National Association has a 52-week low of $35.07 and a 52-week high of $63.22. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same quarter in the prior year, the company earned $1.13 EPS. Sell-side analysts predict that Zions Bancorporation, National Association will post 4.85 EPS 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. Stockholders of record on Thursday, November 14th were issued a $0.43 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.84%. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. 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.