Zions Bancorporation, National Association (NASDAQ:ZION) Stake Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 32.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 341,698 shares of the bank's stock after selling 160,857 shares during the period. Principal Financial Group Inc. owned about 0.23% of Zions Bancorporation, National Association worth $16,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in Zions Bancorporation, National Association during the 3rd quarter valued at $28,000. International Assets Investment Management LLC purchased a new position in Zions Bancorporation, National Association during the second quarter worth about $34,000. Rothschild Investment LLC acquired a new position in shares of Zions Bancorporation, National Association during the 2nd quarter valued at about $39,000. Allspring Global Investments Holdings LLC boosted its position in shares of Zions Bancorporation, National Association by 68.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,289 shares of the bank's stock worth $56,000 after acquiring an additional 526 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in Zions Bancorporation, National Association by 26.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank's stock worth $61,000 after purchasing an additional 296 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION traded down $0.67 on Friday, hitting $54.68. The stock had a trading volume of 923,354 shares, compared to its average volume of 1,971,341. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The company's 50-day moving average is $56.66 and its two-hundred day moving average is $50.21. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 5.10 and a beta of 1.10. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $781.63 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. On average, analysts expect that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, November 14th. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 3.15%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 39.18%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. The Goldman Sachs Group lifted their target price on Zions Bancorporation, National Association from $59.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Evercore ISI boosted their target price on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Compass Point raised their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Finally, Robert W. Baird lifted 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 research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $57.06.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 3,605 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $209,306.30. Following the transaction, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,434,894.84. The trade was a 12.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares in the company, valued at $5,265,325.92. This represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,881 shares of company stock valued at $1,108,184. Corporate insiders own 2.22% of the company's stock.

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.