Wolverine Asset Management LLC Invests $1.63 Million in Zions Bancorporation, National Association (NASDAQ:ZION)

Wolverine Asset Management LLC purchased a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,508 shares of the bank's stock, valued at approximately $1,629,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ZION. ORG Wealth Partners LLC bought a new stake in Zions Bancorporation, National Association during the 3rd quarter valued at approximately $28,000. ORG Partners LLC purchased a new stake in Zions Bancorporation, National Association in the 2nd quarter worth about $33,000. International Assets Investment Management LLC purchased a new stake in Zions Bancorporation, National Association in the second quarter worth about $34,000. Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association during the second quarter valued at about $39,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 49.7% during the first quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank's stock worth $49,000 after purchasing an additional 372 shares during the period. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION traded down $0.38 during midday trading on Tuesday, hitting $59.68. The company's stock had a trading volume of 889,614 shares, compared to its average volume of 2,077,644. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.09. Zions Bancorporation, National Association has a one year low of $32.24 and a one year high of $61.08. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 5.18 and a beta of 1.07. The stock has a fifty day moving average price of $49.41 and a 200 day moving average price of $46.61.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.21. The business had revenue of $1.28 billion for 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 quarter in the previous year, the company posted $1.13 EPS. On average, research analysts forecast that Zions Bancorporation, National Association will post 4.82 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.88%. Zions Bancorporation, National Association's dividend payout ratio is 39.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ZION shares. Robert W. Baird boosted their target price on 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. The Goldman Sachs Group lifted their price objective on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their target price on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on shares of 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. Finally, Stephens raised their price target on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of "Hold" and a consensus price target of $53.12.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 24,714 shares in the company, valued at $1,321,210.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $234,422.10. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction dated 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 of the company's stock, 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 three months, insiders sold 9,228 shares of company stock valued at $519,048. 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.