Daiwa Securities Group Inc. Makes New $477,000 Investment in Zions Bancorporation, National Association (NASDAQ:ZION)

Daiwa Securities Group Inc. bought a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,100 shares of the bank's stock, valued at approximately $477,000.

A number of other institutional investors have also made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the third quarter valued at $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 position in shares of Zions Bancorporation, National Association in the second quarter valued at approximately $34,000. Rothschild Investment LLC purchased a new position in shares of Zions Bancorporation, National Association in the second quarter valued at approximately $39,000. Finally, New Millennium Group LLC acquired a new position in shares of Zions Bancorporation, National Association in the second quarter valued at approximately $55,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZION. The Goldman Sachs Group raised their price target on shares of Zions Bancorporation, National Association from $59.00 to $67.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Barclays increased their price target on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an "underweight" rating in a research report on Tuesday, October 22nd. Truist Financial upped their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI lifted their price target on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $55.13.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock traded down $0.16 during trading hours on Friday, hitting $60.52. The stock had a trading volume of 512,359 shares, compared to its average volume of 1,249,472. The stock's 50 day moving average is $53.17 and its 200 day moving average is $48.24. The firm has a market capitalization of $8.94 billion, a PE ratio of 13.79, a PEG ratio of 5.36 and a beta of 1.07. Zions Bancorporation, National Association has a twelve month low of $35.07 and a twelve 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.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued 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 net margin of 14.09% and a return on equity of 13.89%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. During the same period last year, the firm posted $1.13 EPS. As a group, research analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 14th. 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 2.84%. Zions Bancorporation, National Association's dividend payout ratio is currently 39.18%.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the sale, the vice president now owns 35,878 shares of the company's stock, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now directly owns 86,232 shares of the company's stock, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 company insiders.

Zions Bancorporation, National Association Company 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.