521,968 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Acquired by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 521,968 shares of the bank's stock, valued at approximately $24,647,000. Wellington Management Group LLP owned 0.35% of Zions Bancorporation, National Association as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the third quarter valued at about $28,000. ORG Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth approximately $33,000. International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth approximately $34,000. Rothschild Investment LLC purchased a new position in Zions Bancorporation, National Association in the 2nd quarter valued at approximately $39,000. Finally, New Millennium Group LLC acquired a new position in Zions Bancorporation, National Association during the second quarter worth $55,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the sale, the executive vice president now directly owns 86,232 shares in the company, valued at $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction on Monday, November 11th. The shares were 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 directly owns 35,878 shares in the company, valued at approximately $2,182,817.52. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,881 shares of company stock worth $1,108,184 in the last three months. 2.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on ZION. Evercore ISI upped their target price on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Wolfe Research raised shares of Zions Bancorporation, National Association to a "hold" rating in a research note on Wednesday, September 18th. Jefferies Financial Group cut their target price 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. JPMorgan Chase & Co. lowered their price target on shares of 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. Finally, Barclays lifted their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $55.88.

Zions Bancorporation, National Association Trading Down 0.8 %

Shares of ZION traded down $0.48 during mid-day trading on Friday, hitting $57.67. The company had a trading volume of 1,189,385 shares, compared to its average volume of 960,031. Zions Bancorporation, National Association has a 1-year low of $37.76 and a 1-year high of $63.22. 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 business's 50-day simple moving average is $55.62 and its 200-day simple moving average is $49.24. The stock has a market cap of $8.52 billion, a PE ratio of 13.14, a P/E/G ratio of 5.10 and a beta of 1.10.

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 for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates 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 last year, the business earned $1.13 EPS. Sell-side analysts forecast 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. Shareholders of record on Thursday, November 14th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.98%. Zions Bancorporation, National Association's dividend payout ratio is currently 39.18%.

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.