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

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

A number of other hedge funds also recently bought and sold shares of ZION. Chicago Partners Investment Group LLC raised its position in shares of Zions Bancorporation, National Association by 10.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,909 shares of the bank's stock valued at $255,000 after buying an additional 450 shares in the last quarter. US Bancorp DE lifted its stake in shares of Zions Bancorporation, National Association by 4.1% during the 3rd quarter. US Bancorp DE now owns 16,350 shares of the bank's stock worth $772,000 after purchasing an additional 649 shares during the period. State of Alaska Department of Revenue increased its stake in Zions Bancorporation, National Association by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 17,158 shares of the bank's stock valued at $810,000 after buying an additional 1,160 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Zions Bancorporation, National Association by 0.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank's stock valued at $1,947,000 after acquiring an additional 348 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Zions Bancorporation, National Association by 11.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,035 shares of the bank's stock worth $4,183,000 after buying an additional 9,393 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Up 1.0 %

Shares of ZION stock traded up $0.58 during mid-day trading on Friday, hitting $58.13. The stock had a trading volume of 1,205,914 shares, compared to its average volume of 2,086,064. Zions Bancorporation, National Association has a 12-month low of $32.18 and a 12-month high of $60.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.78. The firm's 50-day moving average is $49.02 and its two-hundred day moving average is $46.30. The firm has a market capitalization of $8.59 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 5.37 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.16 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.13 EPS. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.96%. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, November 14th. Zions Bancorporation, National Association's payout ratio is presently 37.36%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association 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 sale, the executive vice president now directly owns 24,714 shares of the company's stock, valued at approximately $1,321,210.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on ZION shares. Morgan Stanley lifted their target price on 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. Compass Point upped their price objective on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Jefferies Financial Group decreased their target price on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating on the stock in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and a consensus target price of $53.12.

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.