Versor Investments LP Invests $823,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Versor Investments LP acquired a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,427 shares of the bank's stock, valued at approximately $823,000.

A number of other large investors have also recently made changes to their positions in the stock. Comerica Bank lifted its holdings in shares of Zions Bancorporation, National Association by 331.1% during the first quarter. Comerica Bank now owns 118,861 shares of the bank's stock worth $5,159,000 after purchasing an additional 91,289 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Zions Bancorporation, National Association in the 1st quarter valued at $1,959,000. CANADA LIFE ASSURANCE Co increased its stake in shares of Zions Bancorporation, National Association by 71.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 118,248 shares of the bank's stock worth $5,136,000 after acquiring an additional 49,213 shares during the period. Cetera Advisors LLC purchased a new position in shares of Zions Bancorporation, National Association during the first quarter worth $878,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Zions Bancorporation, National Association by 223.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,401 shares of the bank's stock valued at $1,797,000 after purchasing an additional 28,600 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Trading Up 0.9 %

Shares of NASDAQ:ZION traded up $0.52 during trading on Wednesday, reaching $60.21. 1,399,705 shares of the stock were exchanged, compared to its average volume of 2,074,823. Zions Bancorporation, National Association has a 12-month low of $33.66 and a 12-month high of $61.80. The firm's 50-day moving average price is $49.88 and its 200 day moving average price is $46.83. 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 $8.89 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 5.28 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period in the prior year, the firm earned $1.13 EPS. On average, sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be given a $0.43 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.86%. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's payout ratio is presently 37.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ZION shares. Barclays raised their price objective on shares of Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an "underweight" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group decreased their price objective on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Wednesday, September 11th. Wedbush raised their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Evercore ISI upped their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Wolfe Research upgraded Zions Bancorporation, National Association to a "hold" rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $53.12.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 4,385 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was 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 $1,321,210.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Jennifer Anne Smith sold 4,385 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at $1,321,210.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Eric Ellingsen sold 1,238 shares of the 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 sale, the vice president now directly owns 35,878 shares in the company, valued at approximately $2,182,817.52. This trade represents a 0.00 % 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. 2.22% of the stock is currently owned by corporate insiders.

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.