Vaughan Nelson Investment Management L.P. Grows Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Vaughan Nelson Investment Management L.P. raised its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 25.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,684,460 shares of the bank's stock after purchasing an additional 538,049 shares during the period. Zions Bancorporation, National Association makes up about 1.1% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 28th largest holding. Vaughan Nelson Investment Management L.P. owned approximately 1.82% of Zions Bancorporation, National Association worth $126,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ZION. SG Americas Securities LLC raised its stake in Zions Bancorporation, National Association by 3.5% in the first quarter. SG Americas Securities LLC now owns 13,273 shares of the bank's stock valued at $576,000 after purchasing an additional 453 shares in the last quarter. Sei Investments Co. raised its position in shares of Zions Bancorporation, National Association by 0.7% in the 1st quarter. Sei Investments Co. now owns 73,467 shares of the bank's stock valued at $3,188,000 after buying an additional 530 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Zions Bancorporation, National Association by 4.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 191,539 shares of the bank's stock worth $8,313,000 after acquiring an additional 7,911 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Zions Bancorporation, National Association during the 1st quarter worth approximately $770,000. Finally, Trustmark National Bank Trust Department bought a new position in Zions Bancorporation, National Association in the first quarter valued at approximately $474,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Trading Down 0.2 %

ZION stock traded down $0.09 during midday trading on Friday, hitting $59.51. The stock had a trading volume of 1,095,824 shares, compared to its average volume of 1,628,661. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average price of $50.44 and a two-hundred day moving average price of $47.09. Zions Bancorporation, National Association has a 1-year low of $33.66 and a 1-year high of $61.80. The firm has a market cap of $8.79 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 5.27 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating the consensus estimate 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 return on equity of 13.89% and a net margin of 14.09%. During the same quarter in the prior year, the company earned $1.13 EPS. On average, sell-side analysts predict 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 will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.89%. This is a positive change from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's payout ratio is currently 39.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZION. Argus lowered Zions Bancorporation, National Association from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. Royal Bank of Canada boosted their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Zions Bancorporation, National Association from a "sell" rating to a "hold" rating in a research note on Tuesday, July 30th. Morgan Stanley upped their price objective 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. Finally, Truist Financial raised their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a "hold" rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $53.59.

Insider Activity at Zions Bancorporation, National Association

In related news, VP Eric Ellingsen sold 1,238 shares of the company's stock in a transaction that occurred 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 transaction, the vice president now directly owns 35,878 shares of the company's stock, valued at approximately $2,182,817.52. This represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 3,605 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the sale, the executive vice president now directly owns 24,714 shares of the company's stock, valued at $1,434,894.84. This trade represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,228 shares of company stock worth $519,048 in the last quarter. Company 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.