Versor Investments LP Acquires Shares of 17,427 Zions Bancorporation, National Association (NASDAQ:ZION)

Versor Investments LP bought a new position in Zions Bancorporation, National Association (NASDAQ:ZION) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 17,427 shares of the bank’s stock, valued at approximately $823,000.

Other large investors have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association during the third quarter worth $28,000. ORG Partners LLC bought a new position in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $33,000. International Assets Investment Management LLC purchased a new stake in shares of Zions Bancorporation, National Association in the second quarter worth approximately $34,000. Rothschild Investment LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth approximately $39,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in Zions Bancorporation, National Association by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock valued at $49,000 after acquiring an additional 372 shares during the period. Institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

ZION has been the subject of several research analyst reports. The Goldman Sachs Group lifted their target price on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report 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. JPMorgan Chase & Co. decreased their price target on shares of 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. Jefferies Financial Group lowered their price target on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, September 11th. Finally, Royal Bank of Canada raised their price objective on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $53.12.

Insiders Place Their Bets

In other news, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction on Monday, November 11th. The shares were 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction dated 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 owns 35,878 shares in the company, valued at $2,182,817.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer Anne Smith sold 3,605 shares of Zions Bancorporation, National Association 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 transaction, the executive vice president now owns 24,714 shares of the company’s stock, valued at approximately $1,434,894.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,228 shares of company stock valued at $519,048. 2.22% of the stock is owned by insiders.

Zions Bancorporation, National Association Trading Down 0.6 %

NASDAQ ZION opened at $59.69 on Wednesday. The stock has a market cap of $8.82 billion, a P/E ratio of 13.60, a P/E/G ratio of 5.35 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a 12-month low of $32.24 and a 12-month high of $61.08. The company has a fifty day simple moving average of $49.63 and a two-hundred day simple moving average of $46.73.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations 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 previous year, the firm posted $1.13 EPS. On average, analysts forecast that Zions Bancorporation, National Association will post 4.82 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.88%. The ex-dividend date is Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio is 37.36%.

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.