Zions Bancorporation, National Association (NASDAQ:ZION) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 14.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,148 shares of the bank's stock after buying an additional 43,720 shares during the quarter. Los Angeles Capital Management LLC owned about 0.24% of Zions Bancorporation, National Association worth $16,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Zions Bancorporation, National Association by 103.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank's stock valued at $7,163,000 after acquiring an additional 4,993,164 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Zions Bancorporation, National Association by 17.5% in 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 last quarter. Artemis Investment Management LLP raised its stake in shares of Zions Bancorporation, National Association by 165.0% in the third quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank's stock valued at $42,761,000 after acquiring an additional 563,889 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 75.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank's stock worth $43,294,000 after acquiring an additional 433,513 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Zions Bancorporation, National Association during the 2nd quarter valued at about $9,541,000. Institutional investors own 76.84% of the company's stock.

Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 4,385 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction 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 $1,321,210.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ZION has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their target price on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. StockNews.com raised Zions Bancorporation, National Association from a "sell" rating to a "hold" rating in a research report on Tuesday, July 30th. Robert W. Baird lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Argus downgraded shares of Zions Bancorporation, National Association from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. Finally, Barclays increased their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an "underweight" rating in a research note on Tuesday, October 22nd. One investment 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's stock. According to data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and a consensus price target of $53.12.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION traded up $1.92 during midday trading on Monday, reaching $60.06. The company had a trading volume of 1,438,319 shares, compared to its average volume of 2,083,093. Zions Bancorporation, National Association has a 1 year low of $32.24 and a 1 year high of $61.08. The business's 50-day simple moving average is $49.41 and its 200 day simple moving average is $46.61. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.09. The stock has a market cap of $8.87 billion, a P/E ratio of 13.68, a P/E/G ratio of 5.18 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.21. The company had revenue of $1.28 billion during 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 last year, the business posted $1.13 EPS. On average, analysts forecast 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. Investors of record on Thursday, November 14th will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's dividend payout ratio is currently 39.18%.

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.