Cornercap Investment Counsel Inc. Takes Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Cornercap Investment Counsel Inc. bought a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 10,799 shares of the bank's stock, valued at approximately $510,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the third quarter worth approximately $28,000. ORG Partners LLC bought a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at $33,000. International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association during the second quarter worth $34,000. Rothschild Investment LLC acquired a new stake in shares of Zions Bancorporation, National Association during the second quarter worth $39,000. Finally, Abich Financial Wealth Management LLC raised 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 buying an additional 372 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Down 0.2 %

Shares of ZION stock traded down $0.09 on Friday, hitting $59.51. The stock had a trading volume of 1,095,824 shares, compared to its average volume of 1,628,661. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day moving average of $50.44 and a 200 day moving average of $47.12. Zions Bancorporation, National Association has a 12-month low of $33.66 and a 12-month high of $61.80. The stock has a market cap 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 (NASDAQ:ZION - Get Free Report) last posted its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate 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 last year, the firm earned $1.13 EPS. As a group, analysts expect that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, November 14th. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's dividend payout ratio is 39.18%.

Insider Activity

In other news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Anne Smith sold 4,385 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the completion of the sale, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,321,210.44. This trade represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,228 shares of company stock valued at $519,048 in the last ninety days. 2.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ZION has been the subject of a number of recent analyst reports. Truist Financial increased their price target on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Wolfe Research upgraded Zions Bancorporation, National Association to a "hold" rating in a report on Wednesday, September 18th. Keefe, Bruyette & Woods boosted their price target on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted 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. Finally, Evercore ISI increased their target price on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.