Holocene Advisors LP Lowers Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Holocene Advisors LP trimmed its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 76.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,130 shares of the bank's stock after selling 201,519 shares during the quarter. Holocene Advisors LP's holdings in Zions Bancorporation, National Association were worth $2,934,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the third quarter worth about $28,000. ORG Partners LLC bought a new stake in Zions Bancorporation, National Association during the 2nd quarter worth approximately $33,000. International Assets Investment Management LLC purchased a new position in Zions Bancorporation, National Association during the second quarter valued at approximately $34,000. Rothschild Investment LLC bought a new position in shares of Zions Bancorporation, National Association in the second quarter worth approximately $39,000. Finally, New Millennium Group LLC purchased a new stake in shares of Zions Bancorporation, National Association in the second quarter worth $55,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Trading Up 0.1 %

ZION stock traded up $0.03 during midday trading on Friday, reaching $59.16. 869,770 shares of the company traded hands, compared to its average volume of 1,998,456. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 5.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The business has a 50 day moving average of $54.19 and a 200-day moving average of $48.61. Zions Bancorporation, National Association has a 52-week low of $37.18 and a 52-week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the previous year, the business posted $1.13 earnings per share. As a group, sell-side analysts expect that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal 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 paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 annualized dividend and a yield of 2.91%. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 39.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ZION. Stephens lifted their target price 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. Morgan Stanley raised their price target on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. Robert W. Baird upped their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada increased their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 22nd. Finally, Truist Financial boosted their price target on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $55.13.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, VP Eric Ellingsen sold 1,238 shares of the firm'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 transaction of $75,319.92. Following the transaction, the vice president now directly owns 35,878 shares of the company's stock, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 4,385 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 24,714 shares of the company's stock, valued at $1,321,210.44. The trade was 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 90 days. Company insiders own 2.22% of the company's stock.

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.