Quest Partners LLC Increases Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Quest Partners LLC raised its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 7,655,500.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,556 shares of the bank's stock after purchasing an additional 76,555 shares during the period. Zions Bancorporation, National Association comprises 0.3% of Quest Partners LLC's portfolio, making the stock its 25th biggest position. Quest Partners LLC owned 0.05% of Zions Bancorporation, National Association worth $3,615,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ZION. Sei Investments Co. lifted its stake in Zions Bancorporation, National Association by 0.7% in the first quarter. Sei Investments Co. now owns 73,467 shares of the bank's stock worth $3,188,000 after acquiring an additional 530 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Zions Bancorporation, National Association by 4.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 191,539 shares of the bank's stock valued at $8,313,000 after purchasing an additional 7,911 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Zions Bancorporation, National Association during the first quarter valued at approximately $770,000. Trustmark National Bank Trust Department purchased a new stake in Zions Bancorporation, National Association during the first quarter worth $474,000. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Zions Bancorporation, National Association by 1,589.2% in the 1st quarter. Ameritas Investment Partners Inc. now owns 32,669 shares of the bank's stock valued at $1,418,000 after acquiring an additional 30,735 shares during the period. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Performance

Shares of ZION traded down $0.32 during trading hours on Monday, hitting $59.19. The stock had a trading volume of 687,097 shares, compared to its average volume of 2,059,180. The firm has a 50-day moving average price of $50.72 and a 200 day moving average price of $47.24. Zions Bancorporation, National Association has a fifty-two week low of $33.66 and a fifty-two week high of $61.80. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 5.27 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. During the same period in the prior year, the company posted $1.13 EPS. As a group, research analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.91%. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, November 14th. Zions Bancorporation, National Association's dividend payout ratio is presently 39.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ZION. Compass Point upped their price objective on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Robert W. Baird raised their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Wedbush lifted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group increased their target price on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of "Hold" and an average price target of $53.59.

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 that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value of $234,422.10. Following the transaction, the executive vice president now owns 24,714 shares in the company, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Eric Ellingsen sold 1,238 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the sale, the vice president now directly owns 35,878 shares of the company's stock, valued at $2,182,817.52. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,228 shares of company stock valued at $519,048 in the last three months. 2.22% of the stock is currently owned by company insiders.

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.