Dynamic Technology Lab Private Ltd Buys Shares of 13,926 Zions Bancorporation, National Association (NASDAQ:ZION)

Dynamic Technology Lab Private Ltd acquired 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 13F filing with the SEC. The fund acquired 13,926 shares of the bank's stock, valued at approximately $658,000.

Several other large investors have also modified their holdings of ZION. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association during the 3rd quarter worth approximately $28,000. ORG Partners LLC purchased a new stake in Zions Bancorporation, National Association in the 2nd quarter valued at $33,000. International Assets Investment Management LLC acquired a new stake in Zions Bancorporation, National Association during the 2nd quarter worth $34,000. Rothschild Investment LLC purchased a new position in Zions Bancorporation, National Association during the 2nd quarter worth $39,000. Finally, Abich Financial Wealth Management LLC increased its stake in Zions Bancorporation, National Association by 49.7% in the first quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank's stock valued at $49,000 after purchasing an additional 372 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Trading Down 0.3 %

Shares of NASDAQ ZION traded down $0.16 during trading on Friday, hitting $60.52. 512,359 shares of the company traded hands, compared to its average volume of 2,023,952. The firm has a market capitalization of $8.94 billion, a P/E ratio of 13.75, a P/E/G ratio of 5.37 and a beta of 1.07. 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. Zions Bancorporation, National Association has a 1 year low of $35.07 and a 1 year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $781.63 million. During the same quarter in the prior year, the business earned $1.13 earnings per share. On average, equities analysts predict that Zions Bancorporation, National Association will post 4.85 EPS for the current 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 given a $0.43 dividend. 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 yield of 2.84%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 39.18%.

Insider Activity

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the sale, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, November 26th. The stock was 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 of the company's stock, valued at $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. Insiders have sold 18,881 shares of company stock worth $1,108,184 over the last 90 days. Company insiders own 2.22% of the company's stock.

Analyst Upgrades and Downgrades

ZION has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on Zions Bancorporation, National Association from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada lifted their target price on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a "sector perform" rating in a report on Tuesday, October 22nd. Morgan Stanley boosted their price target on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Evercore ISI raised their price objective on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their target price on Zions Bancorporation, National Association from $59.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $55.13.

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.