Assenagon Asset Management S.A. Sells 159,648 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Assenagon Asset Management S.A. lowered its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 55.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,517 shares of the bank's stock after selling 159,648 shares during the period. Assenagon Asset Management S.A. owned approximately 0.09% of Zions Bancorporation, National Association worth $7,081,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ZION. ORG Wealth Partners LLC purchased a new position in shares of Zions Bancorporation, National Association during the 3rd quarter valued at approximately $28,000. Abich Financial Wealth Management LLC boosted its stake in Zions Bancorporation, National Association by 26.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank's stock valued at $61,000 after acquiring an additional 296 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth about $101,000. Venturi Wealth Management LLC raised its stake in shares of Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank's stock valued at $117,000 after purchasing an additional 1,671 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Zions Bancorporation, National Association during the third quarter worth about $119,000. Hedge funds and other institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION traded up $0.76 during mid-day trading on Monday, hitting $58.04. The company had a trading volume of 1,200,633 shares, compared to its average volume of 1,173,647. Zions Bancorporation, National Association has a 12 month low of $37.76 and a 12 month 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 market cap of $8.57 billion, a P/E ratio of 13.22, a PEG ratio of 2.86 and a beta of 1.12. The business's 50-day simple moving average is $57.30 and its 200-day simple moving average is $51.66.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued 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 business had revenue of $1.28 billion during the quarter, compared to analyst estimates 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 prior year, the company posted $1.13 earnings per share. As a group, analysts predict 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 announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.43 per share. This is a positive change from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Thursday, November 14th. Zions Bancorporation, National Association's payout ratio is 39.18%.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the 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 directly owns 86,232 shares in the company, valued at $5,265,325.92. This represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Eric Ellingsen sold 1,238 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the completion of the sale, the vice president now owns 35,878 shares in the company, valued at $2,182,817.52. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,881 shares of company stock valued at $1,108,184 over the last quarter. 2.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ZION has been the topic of several research reports. UBS Group assumed coverage on Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They set a "neutral" rating and a $64.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. Wedbush raised their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price target on Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, Barclays upped their price objective on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $58.25.

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.