Centiva Capital LP Purchases New Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Centiva Capital LP purchased a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,501 shares of the bank's stock, valued at approximately $638,000.

Other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings in Zions Bancorporation, National Association by 56.5% in the first quarter. Cetera Investment Advisers now owns 42,811 shares of the bank's stock valued at $1,858,000 after acquiring an additional 15,458 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Zions Bancorporation, National Association in the 1st quarter worth approximately $878,000. CWM LLC boosted its stake in shares of Zions Bancorporation, National Association by 9.5% in the 2nd quarter. CWM LLC now owns 20,104 shares of the bank's stock valued at $872,000 after purchasing an additional 1,744 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Zions Bancorporation, National Association by 222.9% during the second quarter. SG Americas Securities LLC now owns 42,852 shares of the bank's stock worth $1,858,000 after buying an additional 29,579 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Zions Bancorporation, National Association by 1.2% during the second quarter. Sequoia Financial Advisors LLC now owns 27,063 shares of the bank's stock worth $1,174,000 after buying an additional 327 shares during the last quarter. Institutional investors own 76.84% of the company's stock.

Insider Buying and Selling

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of the company's stock in a transaction that occurred 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 owns 86,232 shares in the company, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,881 shares of company stock worth $1,108,184. 2.22% of the stock is owned by insiders.

Zions Bancorporation, National Association Stock Up 0.1 %

Shares of Zions Bancorporation, National Association stock traded up $0.03 on Friday, hitting $59.16. The company had a trading volume of 869,770 shares, compared to its average volume of 979,022. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 5.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. Zions Bancorporation, National Association has a 1 year low of $37.18 and a 1 year high of $63.22. The stock has a 50 day moving average of $54.44 and a 200-day moving average of $48.75.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly 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 firm posted $1.13 EPS. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors 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 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Thursday, November 14th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 39.18%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial upped their target price on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a "hold" rating in a research report on Wednesday, October 23rd. Barclays increased their price target on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an "underweight" rating in a report on Tuesday, October 22nd. Jefferies Financial Group lowered their price objective on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating for the company in a research note on Wednesday, September 11th. Wedbush increased 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 research note on Tuesday, October 22nd. Finally, Stephens raised their price target on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $55.13.

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.