Zions Bancorporation, National Association (NASDAQ:ZION) Position Reduced by Sigma Planning Corp

Sigma Planning Corp lowered its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,927 shares of the bank’s stock after selling 241 shares during the period. Sigma Planning Corp’s holdings in Zions Bancorporation, National Association were worth $327,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association in the third quarter worth about $28,000. ORG Partners LLC bought a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at approximately $34,000. Rothschild Investment LLC acquired a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at approximately $39,000. Finally, Abich Financial Wealth Management LLC lifted its stake in Zions Bancorporation, National Association by 49.7% during the first 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 last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Down 0.2 %

ZION stock opened at $59.51 on Friday. The firm’s 50-day moving average is $50.44 and its two-hundred day moving average is $47.09. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market capitalization 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. Zions Bancorporation, National Association has a 52 week low of $33.66 and a 52 week high of $61.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion during 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 period in the prior year, the firm posted $1.13 earnings per share. On average, 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 company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.72 annualized dividend and a yield of 2.89%. 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 currently 39.18%.

Analysts Set New Price Targets

A number of analysts have weighed in on ZION shares. Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. Jefferies Financial Group dropped their price objective on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, September 11th. Royal Bank of Canada lifted their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Stephens upped their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Compass Point raised their price target on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Zions Bancorporation, National Association presently has an average rating of “Hold” and an average price target of $53.59.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association 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 transaction, the vice president now owns 35,878 shares in the company, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jennifer Anne Smith sold 3,605 shares of the company’s 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 directly owns 24,714 shares in the company, valued at $1,434,894.84. This represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,228 shares of company stock valued at $519,048 over the last three months. Company insiders own 2.22% of the company’s stock.

About Zions Bancorporation, National Association

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.