International Assets Investment Management LLC Grows Position in Zions Bancorporation, National Association (NASDAQ:ZION)

International Assets Investment Management LLC lifted its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 4,621.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,485 shares of the bank's stock after purchasing an additional 36,691 shares during the period. International Assets Investment Management LLC's holdings in Zions Bancorporation, National Association were worth $1,770,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in Zions Bancorporation, National Association by 13.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,407 shares of the bank's stock worth $2,757,000 after acquiring an additional 8,145 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Zions Bancorporation, National Association in the 1st quarter worth $27,000. Mutual of America Capital Management LLC grew its holdings in Zions Bancorporation, National Association by 345.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 88,271 shares of the bank's stock worth $3,831,000 after acquiring an additional 68,445 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in Zions Bancorporation, National Association by 334.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 129,658 shares of the bank's stock worth $5,627,000 after acquiring an additional 99,793 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Zions Bancorporation, National Association by 18.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,589 shares of the bank's stock worth $460,000 after acquiring an additional 1,680 shares during the last quarter. Institutional investors own 76.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ZION shares. Wolfe Research raised shares of Zions Bancorporation, National Association to a "hold" rating in a research note on Wednesday, September 18th. The Goldman Sachs Group lifted their target price on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Evercore ISI lifted their target price on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Barclays lifted their target price on shares of Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an "underweight" rating in a research note on Tuesday, October 22nd. Finally, Wedbush lifted their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. One research 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $53.12.

Insider Transactions at Zions Bancorporation, National Association

In related news, 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 transaction of $234,422.10. Following the completion of the sale, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,321,210.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Stock Down 0.5 %

Zions Bancorporation, National Association stock traded down $0.28 during trading hours on Monday, hitting $51.16. The stock had a trading volume of 1,102,365 shares, compared to its average volume of 2,084,849. The stock's 50-day moving average price is $48.53 and its 200-day moving average price is $45.95. Zions Bancorporation, National Association has a 12-month low of $32.18 and a 12-month high of $53.85. The stock has a market capitalization of $7.56 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09.

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, topping analysts' consensus estimates 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 firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. During the same period in the previous year, the business posted $1.13 earnings per share. Equities research analysts anticipate that Zions Bancorporation, National Association will post 4.79 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a $0.43 dividend. This is a positive change from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.36%. Zions Bancorporation, National Association's payout ratio is currently 37.36%.

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.