Assenagon Asset Management S.A. lifted its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 124.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290,165 shares of the bank's stock after acquiring an additional 161,118 shares during the period. Assenagon Asset Management S.A. owned about 0.20% of Zions Bancorporation, National Association worth $13,702,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Zions Bancorporation, National Association by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank's stock valued at $271,003,000 after purchasing an additional 929,251 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Zions Bancorporation, National Association by 1.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,146,411 shares of the bank's stock worth $93,089,000 after acquiring an additional 22,123 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Zions Bancorporation, National Association by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank's stock valued at $74,784,000 after buying an additional 5,609 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Zions Bancorporation, National Association by 9.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank's stock valued at $44,202,000 after buying an additional 90,234 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank's stock valued at $43,294,000 after buying an additional 433,513 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.
Zions Bancorporation, National Association Price Performance
Zions Bancorporation, National Association stock traded down $0.84 during mid-day trading on Friday, reaching $51.34. 1,003,597 shares of the company were exchanged, compared to its average volume of 2,114,059. The company has a fifty day simple moving average of $48.07 and a 200-day simple moving average of $45.53. Zions Bancorporation, National Association has a 12 month low of $28.98 and a 12 month high of $53.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.84. The firm has a market cap of $7.58 billion, a PE ratio of 12.90, a PEG ratio of 1.93 and a beta of 1.09.
Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. During the same quarter last year, the company posted $1.13 EPS. As a group, equities research analysts expect that Zions Bancorporation, National Association will post 4.6 earnings per share for the current fiscal year.
Zions Bancorporation, National Association Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association's dividend payout ratio is 41.21%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Robert W. Baird boosted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their price target on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group dropped their price target on Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating on the stock in a research report on Wednesday, September 11th. Wedbush lifted their price target 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. Finally, Morgan Stanley lifted their price target on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $52.82.
Check Out Our Latest Stock Analysis on Zions Bancorporation, National Association
Insider Activity
In related news, VP Bruce K. Alexander sold 5,156 shares of the business's stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the sale, the vice president now directly owns 17,857 shares of the company's stock, valued at $925,528.31. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.22% of the stock is owned by company insiders.
About Zions Bancorporation, National Association
(
Free Report)
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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