Bank of Montreal Can Acquires 15,354 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Bank of Montreal Can grew its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 35.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,427 shares of the bank's stock after acquiring an additional 15,354 shares during the period. Bank of Montreal Can's holdings in Zions Bancorporation, National Association were worth $2,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cetera Advisors LLC bought a new position in Zions Bancorporation, National Association in the 1st quarter valued at $878,000. Cornercap Investment Counsel Inc. bought a new position in Zions Bancorporation, National Association in the third quarter valued at approximately $510,000. SG Americas Securities LLC grew its holdings in Zions Bancorporation, National Association by 222.9% during the 2nd quarter. SG Americas Securities LLC now owns 42,852 shares of the bank's stock worth $1,858,000 after acquiring an additional 29,579 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Zions Bancorporation, National Association by 1.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,146,411 shares of the bank's stock valued at $93,089,000 after acquiring an additional 22,123 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank's stock worth $271,003,000 after purchasing an additional 929,251 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Down 0.1 %

Shares of NASDAQ:ZION traded down $0.04 during midday trading on Thursday, hitting $59.13. The stock had a trading volume of 849,274 shares, compared to its average volume of 2,004,467. The company has a market cap of $8.73 billion, a P/E ratio of 13.47, a PEG ratio of 5.24 and a beta of 1.10. Zions Bancorporation, National Association has a 12 month low of $37.05 and a 12 month high of $63.22. The business's 50-day simple moving average is $53.93 and its 200-day simple moving average is $48.54. 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 data 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. During the same quarter last year, the firm posted $1.13 EPS. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a $0.43 dividend. The ex-dividend date of this dividend 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 dividend yield of 2.91%. Zions Bancorporation, National Association's dividend payout ratio is presently 39.18%.

Insider Activity at Zions Bancorporation, National Association

In other 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 sale, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the sale, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. This represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,881 shares of company stock worth $1,108,184. Insiders own 2.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ZION. Stephens boosted their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Robert W. Baird boosted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Morgan Stanley lifted their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. Finally, Wolfe Research raised 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 given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $55.13.

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.