Pathstone Holdings LLC Raises Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Pathstone Holdings LLC raised its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,348 shares of the bank's stock after purchasing an additional 9,298 shares during the period. Pathstone Holdings LLC owned 0.08% of Zions Bancorporation, National Association worth $5,494,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the 3rd quarter valued at $28,000. ORG Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new position in Zions Bancorporation, National Association during the second quarter worth $34,000. Rothschild Investment LLC acquired a new stake in Zions Bancorporation, National Association in the second quarter valued at $39,000. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Zions Bancorporation, National Association by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank's stock worth $49,000 after purchasing an additional 372 shares in the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on ZION shares. Keefe, Bruyette & Woods boosted their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Stephens lifted their price objective on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. Wolfe Research raised Zions Bancorporation, National Association to a "hold" rating in a report on Wednesday, September 18th. Evercore ISI lifted their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada raised their target price on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a "sector perform" rating in a report on Tuesday, October 22nd. 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 data from MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and an average target price of $54.63.

Insider Buying and Selling

In other news, EVP Jennifer Anne Smith sold 3,605 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the sale, the executive vice president now owns 24,714 shares of the company's stock, valued at $1,434,894.84. This represents a 12.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric Ellingsen sold 1,238 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the sale, the vice president now owns 35,878 shares in the company, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,228 shares of company stock valued at $519,048. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Trading Up 2.4 %

NASDAQ ZION traded up $1.44 during trading hours on Friday, hitting $60.58. 1,136,581 shares of the company's stock were exchanged, compared to its average volume of 1,289,252. The business's 50 day moving average is $51.81 and its 200-day moving average is $47.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. Zions Bancorporation, National Association has a 12-month low of $33.66 and a 12-month high of $61.80. The firm has a market capitalization of $8.95 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 5.23 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. During the same period in the prior year, the firm posted $1.13 EPS. As a group, analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's payout ratio is presently 39.18%.

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.