Easterly Investment Partners LLC Purchases 31,265 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Easterly Investment Partners LLC boosted its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 82.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,179 shares of the bank's stock after acquiring an additional 31,265 shares during the period. Easterly Investment Partners LLC's holdings in Zions Bancorporation, National Association were worth $3,267,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new stake in shares of Zions Bancorporation, National Association during the first quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new stake in shares of Zions Bancorporation, National Association during the third quarter valued at approximately $28,000. ORG Partners LLC bought a new stake in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $33,000. International Assets Investment Management LLC bought a new stake in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $34,000. Finally, Rothschild Investment LLC bought a new stake in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $39,000. Institutional investors own 76.84% of the company's stock.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 4,385 shares of the business'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 completion of the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,321,210.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Stock Up 1.2 %

Shares of ZION stock traded up $0.68 on Friday, hitting $58.23. The stock had a trading volume of 259,389 shares, compared to its average volume of 2,081,582. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $49.02 and a 200 day moving average price of $46.30. The company has a market cap of $8.60 billion, a PE ratio of 13.11, a P/E/G ratio of 5.37 and a beta of 1.07. Zions Bancorporation, National Association has a one year low of $32.18 and a one year high of $60.41.

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 for the quarter, beating the consensus estimate of $1.16 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $1.13 earnings per share. Research analysts anticipate that Zions Bancorporation, National Association will post 4.82 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 2.95%. Zions Bancorporation, National Association's payout ratio is currently 37.36%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ZION shares. Robert W. Baird raised 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 report on Tuesday, October 22nd. Truist Financial raised their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Evercore ISI raised their target price on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Argus lowered shares of Zions Bancorporation, National Association from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Finally, Compass Point raised their target price on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $53.12.

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.

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