Zions Bancorporation, National Association (NASDAQ:ZION) Shares Acquired by Quest Partners LLC

Quest Partners LLC boosted its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 7,655,500.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 about 0.3% of Quest Partners LLC’s investment portfolio, making the stock its 25th largest position. Quest Partners LLC owned about 0.05% of Zions Bancorporation, National Association worth $3,615,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank raised its holdings in shares of Zions Bancorporation, National Association by 331.1% in the first quarter. Comerica Bank now owns 118,861 shares of the bank’s stock worth $5,159,000 after acquiring an additional 91,289 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Zions Bancorporation, National Association in the 1st quarter valued at about $1,959,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Zions Bancorporation, National Association by 71.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 118,248 shares of the bank’s stock worth $5,136,000 after purchasing an additional 49,213 shares during the last quarter. Cetera Advisors LLC purchased a new stake in shares of Zions Bancorporation, National Association during the first quarter worth about $878,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Zions Bancorporation, National Association by 223.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,401 shares of the bank’s stock valued at $1,797,000 after buying an additional 28,600 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Down 0.2 %

NASDAQ ZION opened at $59.51 on Monday. 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 has a fifty-two week low of $33.66 and a fifty-two week high of $61.80. The business has a 50 day moving average price of $50.44 and a two-hundred day moving average price of $47.12. The stock has a market cap of $8.79 billion, a PE ratio of 13.56, a P/E/G ratio of 5.27 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. During the same period in the prior year, the firm earned $1.13 earnings per share. As a group, sell-side analysts predict that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.89%. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, November 14th. Zions Bancorporation, National Association’s payout ratio is presently 39.18%.

Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric Ellingsen sold 1,238 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the transaction, the vice president now owns 35,878 shares in the company, valued at $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,228 shares of company stock worth $519,048. 2.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on ZION. Argus cut shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Truist Financial lifted their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their price target on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their price objective on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and an average target price of $53.59.

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.