Barclays PLC Sells 488,150 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Barclays PLC cut its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 66.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 249,630 shares of the bank's stock after selling 488,150 shares during the period. Barclays PLC owned about 0.17% of Zions Bancorporation, National Association worth $11,787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of Zions Bancorporation, National Association by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank's stock worth $271,003,000 after buying an additional 929,251 shares in the last quarter. State Street Corp increased its holdings in shares of Zions Bancorporation, National Association by 14.6% during the third quarter. State Street Corp now owns 7,041,818 shares of the bank's stock worth $332,515,000 after buying an additional 896,889 shares in the last quarter. Artemis Investment Management LLP increased its holdings in shares of Zions Bancorporation, National Association by 165.0% during the third quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank's stock worth $42,761,000 after buying an additional 563,889 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Zions Bancorporation, National Association by 25.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank's stock worth $126,762,000 after buying an additional 538,049 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Zions Bancorporation, National Association during the third quarter worth $24,647,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Stock Down 2.5 %

NASDAQ ZION traded down $1.42 during trading hours on Tuesday, hitting $56.22. The company's stock had a trading volume of 1,364,022 shares, compared to its average volume of 1,976,970. Zions Bancorporation, National Association has a 52 week low of $37.76 and a 52 week high of $63.22. The company has a market capitalization of $8.30 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 5.10 and a beta of 1.10. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company's 50-day simple moving average is $56.00 and its two-hundred day simple moving average is $49.54.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $781.63 million. During the same quarter last year, the firm earned $1.13 EPS. Research analysts anticipate that Zions Bancorporation, National Association will post 4.85 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. Shareholders of record on Thursday, November 14th were paid a $0.43 dividend. This is a positive change from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. The ex-dividend date was Thursday, November 14th. This represents a $1.72 annualized dividend and a yield of 3.06%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 39.18%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares of the company's stock, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer Anne Smith sold 4,385 shares of the firm'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 transaction, the executive vice president now directly owns 24,714 shares of the company's stock, valued at approximately $1,321,210.44. The trade was a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,881 shares of company stock worth $1,108,184. Insiders own 2.22% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ZION. Wedbush increased their price objective 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. Morgan Stanley increased their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. Barclays increased their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an "underweight" rating in a report on Tuesday, October 22nd. Compass Point increased their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods increased their price target 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 investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $57.06.

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.