Nilsine Partners LLC Takes $239,000 Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Nilsine Partners LLC purchased a new stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,401 shares of the bank's stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the third quarter valued at about $28,000. Venturi Wealth Management LLC raised its stake in shares of Zions Bancorporation, National Association by 209.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank's stock worth $117,000 after purchasing an additional 1,671 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter valued at approximately $119,000. TD Private Client Wealth LLC increased its holdings in Zions Bancorporation, National Association by 15.2% during the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank's stock worth $134,000 after buying an additional 375 shares during the last quarter. Finally, Diversify Wealth Management LLC bought a new stake in Zions Bancorporation, National Association during the fourth quarter worth $201,000. 76.84% of the stock is owned by institutional investors.

Insider Activity at Zions Bancorporation, National Association

In related news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction 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 directly owns 35,878 shares of the company's stock, valued at $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the transaction, the executive vice president now owns 86,232 shares of the company's stock, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,496 shares of company stock worth $873,762. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association Stock Up 1.1 %

Zions Bancorporation, National Association stock traded up $0.65 during midday trading on Thursday, reaching $58.29. The stock had a trading volume of 856,142 shares, compared to its average volume of 1,261,880. The company has a fifty day moving average price of $57.09 and a two-hundred day moving average price of $52.36. Zions Bancorporation, National Association has a 12 month low of $37.76 and a 12 month high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $8.61 billion, a P/E ratio of 11.78, a PEG ratio of 3.10 and a beta of 1.12.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The company had revenue of $820.00 million for the quarter, compared to analysts' expectations of $787.70 million. During the same period last year, the business earned $0.78 EPS. Zions Bancorporation, National Association's quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts expect that Zions Bancorporation, National Association will post 4.96 EPS for the current fiscal 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 2.95%. The ex-dividend date of this dividend was Thursday, November 14th. Zions Bancorporation, National Association's payout ratio is currently 34.75%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ZION shares. Compass Point boosted their price objective on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. The Goldman Sachs Group raised Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price target on the stock in a research report on Tuesday, January 7th. Stephens raised their price objective on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 22nd. Robert W. Baird raised their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Finally, UBS Group began coverage on shares of 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. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $60.71.

Zions Bancorporation, National Association Company 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.