Raymond James & Associates Grows Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Raymond James & Associates increased its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 65.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,285 shares of the bank's stock after purchasing an additional 33,587 shares during the period. Raymond James & Associates owned 0.06% of Zions Bancorporation, National Association worth $4,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. raised its position in shares of Zions Bancorporation, National Association by 106.0% during the 3rd quarter. Blue Trust Inc. now owns 8,962 shares of the bank's stock worth $389,000 after purchasing an additional 4,612 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Zions Bancorporation, National Association in the 3rd quarter valued at about $28,000. CVA Family Office LLC raised its holdings in Zions Bancorporation, National Association by 0.9% in the 3rd quarter. CVA Family Office LLC now owns 25,223 shares of the bank's stock valued at $1,191,000 after acquiring an additional 217 shares during the last quarter. Inspire Investing LLC raised its holdings in Zions Bancorporation, National Association by 7.5% in the 3rd quarter. Inspire Investing LLC now owns 8,727 shares of the bank's stock valued at $412,000 after acquiring an additional 610 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in Zions Bancorporation, National Association in the 3rd quarter valued at about $238,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Trading Down 1.2 %

Shares of NASDAQ:ZION traded down $0.62 during mid-day trading on Friday, reaching $51.44. 938,480 shares of the company were exchanged, compared to its average volume of 1,437,468. 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 has a market cap of $7.60 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 1.84 and a beta of 1.07. The firm's 50-day simple moving average is $48.53 and its 200 day simple moving average is $45.90. Zions Bancorporation, National Association has a 1 year low of $31.63 and a 1 year high of $53.85.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued 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. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $781.63 million. During the same quarter last year, the company posted $1.13 EPS. Equities research analysts forecast that Zions Bancorporation, National Association will post 4.79 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.34%. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's dividend payout ratio (DPR) is currently 37.36%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com upgraded shares of Zions Bancorporation, National Association from a "sell" rating to a "hold" rating in a report on Tuesday, July 30th. Stephens increased their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut 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 report on Wednesday, October 9th. Compass Point raised their price target on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird raised their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $53.12.

Insider Buying and Selling at Zions Bancorporation, National Association

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

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.