Quantinno Capital Management LP Boosts Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Quantinno Capital Management LP boosted its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 46.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,945 shares of the bank's stock after acquiring an additional 27,927 shares during the quarter. Quantinno Capital Management LP owned 0.06% of Zions Bancorporation, National Association worth $4,153,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in Zions Bancorporation, National Association during the 3rd quarter valued at $28,000. ORG Partners LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth about $33,000. International Assets Investment Management LLC acquired a new position in Zions Bancorporation, National Association in the 2nd quarter valued at about $34,000. Rothschild Investment LLC acquired a new position in Zions Bancorporation, National Association in the 2nd quarter valued at about $39,000. Finally, New Millennium Group LLC bought a new position in Zions Bancorporation, National Association in the 2nd quarter valued at about $55,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Trading Down 1.8 %

ZION traded down $1.09 during trading on Monday, hitting $58.07. The company's stock had a trading volume of 848,281 shares, compared to its average volume of 1,992,845. The firm has a market capitalization of $8.58 billion, a P/E ratio of 13.48, a PEG ratio of 5.23 and a beta of 1.10. Zions Bancorporation, National Association has a twelve month low of $37.76 and a twelve month high of $63.22. The stock's fifty day moving average price is $54.44 and its 200-day moving average price is $48.79. 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 released its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the previous year, the company earned $1.13 EPS. Analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.43 dividend. The ex-dividend date of this dividend 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 dividend yield of 2.96%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is currently 39.18%.

Analyst Ratings Changes

ZION has been the topic of several research reports. Stephens upped their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Robert W. Baird upped their price objective on 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 target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. Finally, Truist Financial raised their price target on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $55.13.

Insider Buying and Selling

In related news, EVP Paul E. Burdiss sold 9,506 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares of the company's stock, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of the business'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 value 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. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,881 shares of company stock valued at $1,108,184. 2.22% of the stock is 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.