Amalgamated Bank Trims Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Amalgamated Bank lowered its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 23.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,235 shares of the bank's stock after selling 21,884 shares during the period. Amalgamated Bank's holdings in Zions Bancorporation, National Association were worth $3,316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association in the 3rd quarter worth $28,000. ORG Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association during the second quarter worth about $33,000. International Assets Investment Management LLC purchased a new stake in Zions Bancorporation, National Association in the second quarter valued at approximately $34,000. Rothschild Investment LLC acquired a new position in Zions Bancorporation, National Association in the 2nd quarter worth approximately $39,000. Finally, Abich Financial Wealth Management LLC raised its position in Zions Bancorporation, National Association by 49.7% during the 1st 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on ZION shares. 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 report on Wednesday, September 11th. Stephens upped their price target on shares of 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. The Goldman Sachs Group lifted their price objective on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Truist Financial boosted their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods raised their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $53.12.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the company's stock in a transaction 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 owns 24,714 shares of the company's stock, valued at $1,321,210.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.22% of the stock is currently owned by insiders.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION traded up $0.58 during trading on Friday, hitting $58.13. The company had a trading volume of 1,206,096 shares, compared to its average volume of 1,651,758. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 5.18 and a beta of 1.07. The stock has a fifty day simple moving average of $49.20 and a two-hundred day simple moving average of $46.47. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. Zions Bancorporation, National Association has a fifty-two week low of $32.18 and a fifty-two week high of $60.41.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $781.63 million. During the same period in the previous year, the firm posted $1.13 EPS. On average, research analysts expect that Zions Bancorporation, National Association will post 4.82 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a $0.43 dividend. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, November 14th. Zions Bancorporation, National Association's dividend payout ratio is currently 37.36%.

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.