Stifel Financial Corp Boosts Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Stifel Financial Corp increased its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 19,663 shares of the bank’s stock after acquiring an additional 426 shares during the period. Stifel Financial Corp’s holdings in Zions Bancorporation, National Association were worth $928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quantinno Capital Management LP lifted its stake in Zions Bancorporation, National Association by 46.5% in the third quarter. Quantinno Capital Management LP now owns 87,945 shares of the bank’s stock worth $4,153,000 after purchasing an additional 27,927 shares during the last quarter. Quarry LP lifted its stake in shares of Zions Bancorporation, National Association by 238.6% in the 3rd quarter. Quarry LP now owns 4,402 shares of the bank’s stock valued at $208,000 after acquiring an additional 3,102 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Zions Bancorporation, National Association by 4.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 59,368 shares of the bank’s stock valued at $2,803,000 after acquiring an additional 2,523 shares during the period. Janus Henderson Group PLC boosted its holdings in Zions Bancorporation, National Association by 7.9% during the 3rd quarter. Janus Henderson Group PLC now owns 69,055 shares of the bank’s stock valued at $3,261,000 after acquiring an additional 5,076 shares during the period. Finally, Centiva Capital LP bought a new position in Zions Bancorporation, National Association during the 3rd quarter worth approximately $638,000. Institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. The trade was a 9.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,881 shares of company stock valued at $1,108,184. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Trading Up 1.3 %

NASDAQ ZION opened at $54.38 on Tuesday. The firm has a market capitalization of $8.03 billion, a PE ratio of 12.39, a P/E/G ratio of 5.10 and a beta of 1.10. The stock’s 50 day moving average is $56.25 and its 200 day moving average is $49.79. Zions Bancorporation, National Association has a twelve month low of $37.76 and a twelve month 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 announced its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the previous year, the business posted $1.13 EPS. Research 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Thursday, November 14th. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio is 39.18%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ZION shares. Robert W. Baird boosted their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Wedbush upped their price target 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. Compass Point raised their price target on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Truist Financial upped their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their target price on Zions Bancorporation, National Association from $59.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $57.06.

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.