Thrivent Financial for Lutherans Sells 446,644 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Thrivent Financial for Lutherans lessened its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 17.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,150,103 shares of the bank's stock after selling 446,644 shares during the period. Thrivent Financial for Lutherans owned 1.46% of Zions Bancorporation, National Association worth $101,528,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ZION. ORG Wealth Partners LLC acquired a new stake in Zions Bancorporation, National Association during the 3rd quarter worth $28,000. ORG Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at $33,000. International Assets Investment Management LLC acquired a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at $34,000. Rothschild Investment LLC acquired a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at $39,000. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of Zions Bancorporation, National Association by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank's stock valued at $49,000 after buying an additional 372 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZION. Robert W. Baird boosted their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of Zions Bancorporation, National Association from a "sell" rating to a "hold" rating in a research note on Tuesday, July 30th. Stephens upped their target price on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Finally, Compass Point upped their target price on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $53.59.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock traded down $0.32 on Monday, reaching $59.19. The stock had a trading volume of 687,097 shares, compared to its average volume of 2,059,180. 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 $8.74 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 5.27 and a beta of 1.07. The firm's 50-day moving average is $50.72 and its two-hundred day moving average is $47.24. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.

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, beating 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. During the same quarter in the prior year, the business earned $1.13 EPS. On average, research analysts expect that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's dividend payout ratio is presently 39.18%.

Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 4,385 shares of the 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 sale, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,321,210.44. This trade represents a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Eric Ellingsen sold 1,238 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the sale, the vice president now owns 35,878 shares in the company, valued at $2,182,817.52. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,228 shares of company stock worth $519,048. Corporate insiders own 2.22% of the company's stock.

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.