Nilsine Partners LLC Buys New Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Nilsine Partners LLC purchased a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,401 shares of the bank’s stock, valued at approximately $239,000.

A number of other institutional investors have also modified their holdings of ZION. Virtu Financial LLC acquired a new stake in Zions Bancorporation, National Association during the third quarter worth about $583,000. Cornercap Investment Counsel Inc. acquired a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth approximately $510,000. Sequoia Financial Advisors LLC increased its holdings in shares of Zions Bancorporation, National Association by 1.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock valued at $1,302,000 after purchasing an additional 506 shares in the last quarter. State Street Corp lifted its stake in shares of Zions Bancorporation, National Association by 14.6% in the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock valued at $332,515,000 after purchasing an additional 896,889 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Zions Bancorporation, National Association by 14.2% during the third quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank’s stock worth $16,581,000 after buying an additional 43,720 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Price Performance

ZION stock opened at $57.64 on Thursday. Zions Bancorporation, National Association has a 52-week low of $37.76 and a 52-week high of $63.22. The company has a quick ratio of 0.81, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 3.10 and a beta of 1.12. The business has a fifty day moving average of $57.09 and a two-hundred day moving average of $52.36.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. The firm had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. Zions Bancorporation, National Association’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. As a group, research analysts anticipate that Zions Bancorporation, National Association will post 4.96 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.98%. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 34.75%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Evercore ISI upped their price objective on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays boosted their target price on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 22nd. UBS Group initiated coverage on Zions Bancorporation, National Association in a report on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price objective on the stock. Stephens increased their target price on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. Finally, DA Davidson lifted their price target on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.71.

Insider Buying and Selling

In other news, VP Eric Ellingsen sold 1,238 shares of the firm’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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the sale, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,496 shares of company stock valued at $873,762. Company insiders own 2.22% of the company’s stock.

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.