Fmr LLC Boosts Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

FMR LLC boosted its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 7.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,205 shares of the bank's stock after buying an additional 19,072 shares during the quarter. FMR LLC owned approximately 0.19% of Zions Bancorporation, National Association worth $13,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Zions Bancorporation, National Association by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank's stock valued at $271,003,000 after purchasing an additional 929,251 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Zions Bancorporation, National Association by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank's stock valued at $221,367,000 after purchasing an additional 140,084 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in Zions Bancorporation, National Association by 25.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank's stock worth $126,762,000 after acquiring an additional 538,049 shares during the period. Bank of New York Mellon Corp lifted its stake in Zions Bancorporation, National Association by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank's stock worth $74,784,000 after acquiring an additional 5,609 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in Zions Bancorporation, National Association by 9.7% in the second quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank's stock worth $44,202,000 after acquiring an additional 90,234 shares during the period. Hedge funds and other institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION traded up $0.39 on Wednesday, hitting $58.81. The stock had a trading volume of 1,592,188 shares, compared to its average volume of 1,989,592. The business's 50-day simple moving average is $54.92 and its two-hundred day simple moving average is $49.01. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 5.23 and a beta of 1.10. Zions Bancorporation, National Association has a 52-week low of $37.76 and a 52-week 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.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its 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. 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 analyst estimates of $781.63 million. During the same period in the previous year, the business posted $1.13 earnings per share. As a group, research analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, November 14th. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.92%. Zions Bancorporation, National Association's payout ratio is 39.18%.

Analysts Set New Price Targets

A number of analysts recently commented on ZION shares. JPMorgan Chase & Co. dropped their price target on Zions Bancorporation, National Association from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Stephens raised their price target on 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. Wedbush raised their price target 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. Wells Fargo & Company raised their price target on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. Finally, Wolfe Research upgraded Zions Bancorporation, National Association to a "hold" rating in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $55.88.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the firm's stock in a transaction dated 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 directly owns 86,232 shares of the company's stock, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer Anne Smith sold 4,385 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares of the company's stock, valued at approximately $1,321,210.44. This trade represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,881 shares of company stock worth $1,108,184. 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.