Quantbot Technologies LP Acquires Shares of 88,705 Zions Bancorporation, National Association (NASDAQ:ZION)

Quantbot Technologies LP acquired a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 88,705 shares of the bank's stock, valued at approximately $4,189,000. Quantbot Technologies LP owned approximately 0.06% of Zions Bancorporation, National Association as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Zions Bancorporation, National Association by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank's stock worth $271,003,000 after buying an additional 929,251 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Zions Bancorporation, National Association by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank's stock valued at $221,367,000 after acquiring an additional 140,084 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Zions Bancorporation, National Association by 25.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank's stock valued at $126,762,000 after purchasing an additional 538,049 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Zions Bancorporation, National Association by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank's stock worth $74,784,000 after purchasing an additional 5,609 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of Zions Bancorporation, National Association by 9.7% in the second quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank's stock worth $44,202,000 after purchasing an additional 90,234 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company's stock.

Insider Buying and Selling

In other news, VP Eric Ellingsen sold 1,238 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the completion of the transaction, the vice president now owns 35,878 shares in the company, valued at $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jennifer Anne Smith sold 3,605 shares of Zions Bancorporation, National Association 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 directly owns 24,714 shares in the company, valued at $1,434,894.84. This trade represents a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,375 shares of company stock valued at $527,748. Corporate insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION traded down $0.43 during mid-day trading on Wednesday, reaching $60.68. The stock had a trading volume of 930,658 shares, compared to its average volume of 2,030,524. The business has a fifty day moving average of $52.40 and a 200 day moving average of $47.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 5.46 and a beta of 1.07. Zions Bancorporation, National Association has a 12 month low of $33.74 and a 12 month high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its earnings results 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. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the prior year, the firm posted $1.13 EPS. Equities analysts predict that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.83%. 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 39.18%.

Analysts Set New Price Targets

ZION has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Zions Bancorporation, National Association from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada raised their price target 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. Compass Point boosted their price objective on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their target price on shares of Zions Bancorporation, National Association from $59.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Wolfe Research upgraded shares of Zions Bancorporation, National Association to a "hold" rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $55.13.

About Zions Bancorporation, National Association

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.