Taika Capital LP Makes New $752,000 Investment in Zions Bancorporation, National Association (NASDAQ:ZION)

Taika Capital LP acquired a new stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,931 shares of the bank's stock, valued at approximately $752,000.

Several other large investors also recently modified their holdings of the stock. Cetera Advisors LLC acquired a new position in shares of Zions Bancorporation, National Association in the first quarter valued at about $878,000. Cornercap Investment Counsel Inc. acquired a new position in shares of Zions Bancorporation, National Association in the third quarter valued at about $510,000. SG Americas Securities LLC grew its stake in shares of Zions Bancorporation, National Association by 222.9% in the second quarter. SG Americas Securities LLC now owns 42,852 shares of the bank's stock valued at $1,858,000 after acquiring an additional 29,579 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Zions Bancorporation, National Association by 1.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,146,411 shares of the bank's stock valued at $93,089,000 after acquiring an additional 22,123 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Zions Bancorporation, National Association by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank's stock valued at $271,003,000 after acquiring an additional 929,251 shares in the last quarter. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION traded down $0.14 during mid-day trading on Friday, reaching $58.99. 475,835 shares of the company's stock were exchanged, compared to its average volume of 1,997,903. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 5.23 and a beta of 1.10. Zions Bancorporation, National Association has a 52 week low of $37.18 and a 52 week high of $63.22. 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 firm has a 50-day moving average price of $54.19 and a two-hundred day moving average price of $48.61.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations 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 previous year, the business posted $1.13 EPS. Analysts predict that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.43 dividend. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, November 14th. Zions Bancorporation, National Association's payout ratio is currently 39.18%.

Wall Street Analysts Forecast Growth

ZION has been the topic of several research reports. Robert W. Baird 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 research note on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Stephens increased their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Morgan Stanley increased their price objective on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Finally, Evercore ISI increased 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 note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Zions Bancorporation, National Association currently has an average rating of "Hold" and a consensus target price of $55.13.

Insider Activity at Zions Bancorporation, National Association

In other news, VP Eric Ellingsen sold 1,238 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the sale, the vice president now directly owns 35,878 shares in the company, valued at $2,182,817.52. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the executive vice president now owns 86,232 shares in the company, valued at approximately $5,265,325.92. This represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,881 shares of company stock worth $1,108,184. 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.