Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 50.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 297,033 shares of the bank's stock after selling 308,182 shares during the quarter. Citigroup Inc. owned approximately 0.20% of Zions Bancorporation, National Association worth $14,026,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in Zions Bancorporation, National Association during the third quarter valued at $28,000. ORG Partners LLC bought a new position in Zions Bancorporation, National Association during the second quarter valued at approximately $33,000. International Assets Investment Management LLC bought a new stake in Zions Bancorporation, National Association in the 2nd quarter worth approximately $34,000. Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth approximately $39,000. Finally, Abich Financial Wealth Management LLC boosted its position in shares of 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 valued at $49,000 after acquiring an additional 372 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Down 0.3 %

NASDAQ ZION traded down $0.16 on Friday, hitting $60.52. 512,359 shares of the stock were exchanged, compared to its average volume of 2,023,952. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $52.92 and a 200-day moving average price of $48.09. The company has a market cap of $8.94 billion, a PE ratio of 13.75, a PEG ratio of 5.37 and a beta of 1.07. Zions Bancorporation, National Association has a fifty-two week low of $35.07 and a fifty-two week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $781.63 million. During the same quarter in the prior year, the business earned $1.13 EPS. Sell-side 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 declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.43 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's dividend payout ratio is currently 39.18%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ZION shares. Morgan Stanley upped their price target on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. Robert W. Baird upped their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Compass Point lifted their price target on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Wolfe Research upgraded Zions Bancorporation, National Association to a "hold" rating in a research report on Wednesday, September 18th. Finally, Royal Bank of Canada raised their price objective on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a "sector perform" rating in a research note 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $55.13.

Insider Buying and Selling

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value 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 $1,321,210.44. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of the company's stock in a transaction dated 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 transaction, the vice president now owns 35,878 shares in the company, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,881 shares of company stock valued at $1,108,184. 2.22% of the stock is owned by insiders.

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.