Diversified Trust Co Sells 10,595 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Diversified Trust Co lowered its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 71.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,195 shares of the bank's stock after selling 10,595 shares during the quarter. Diversified Trust Co's holdings in Zions Bancorporation, National Association were worth $228,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 929,251 shares during the period. State Street Corp lifted its position in 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 acquiring an additional 896,889 shares during the last quarter. Artemis Investment Management LLP lifted its position in 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 acquiring an additional 563,889 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted 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 acquiring an additional 538,049 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of Zions Bancorporation, National Association in the third quarter valued at approximately $24,647,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Down 2.8 %

ZION stock traded down $1.53 during mid-day trading on Friday, reaching $53.34. 1,415,146 shares of the company traded hands, compared to its average volume of 1,068,708. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 5.10 and a beta of 1.12. Zions Bancorporation, National Association has a fifty-two week low of $37.76 and a fifty-two week high of $63.22. The firm's 50 day moving average price is $57.20 and its 200 day moving average price is $51.18. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 EPS 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 firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. During the same quarter last year, the business posted $1.13 EPS. As a group, equities research analysts predict 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. Stockholders of record on Thursday, November 14th were paid a dividend of $0.43 per share. This is an increase 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 dividend yield of 3.22%. Zions Bancorporation, National Association's dividend payout ratio is presently 39.18%.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the transaction, the vice president now owns 35,878 shares of the company's stock, valued at $2,182,817.52. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction on Wednesday, October 30th. The shares were 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 in the company, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock worth $1,108,184 over the last quarter. 2.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ZION has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Stephens lifted their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group upgraded Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price objective for the company in a research report on Tuesday, January 7th. Barclays raised their price target on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. Finally, Wedbush raised 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. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and an average price target 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.