Summit Trail Advisors LLC Lowers Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Summit Trail Advisors LLC trimmed its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,053 shares of the bank’s stock after selling 363 shares during the period. Summit Trail Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in ZION. Price T Rowe Associates Inc. MD lifted its position in shares of Zions Bancorporation, National Association by 103.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock valued at $7,163,000 after acquiring an additional 4,993,164 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Zions Bancorporation, National Association by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after acquiring an additional 929,251 shares in the last quarter. Artemis Investment Management LLP lifted its position in shares of Zions Bancorporation, National Association by 165.0% in the third quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank’s stock valued at $42,761,000 after acquiring an additional 563,889 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of 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 valued at $126,762,000 after acquiring an additional 538,049 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Zions Bancorporation, National Association by 75.0% in the second quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after acquiring an additional 433,513 shares in the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Trading Down 1.0 %

ZION opened at $61.11 on Wednesday. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 5.36 and a beta of 1.07. The stock’s 50 day moving average price is $52.11 and its 200-day moving average price is $47.80. Zions Bancorporation, National Association has a one year low of $33.66 and a one year high of $63.22. 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) last released its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion for 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 prior year, the firm posted $1.13 earnings per share. On average, equities analysts forecast 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 was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a dividend of $0.43 per share. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.81%. Zions Bancorporation, National Association’s dividend payout ratio is currently 39.18%.

Analyst Ratings Changes

ZION has been the topic of a number of research analyst reports. Compass Point boosted their target price on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Stephens boosted their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Wolfe Research upgraded Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Finally, Robert W. Baird boosted their target price on 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. 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, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $55.13.

Insider Activity

In related news, EVP Jennifer Anne Smith sold 3,605 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was 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 owns 24,714 shares in the company, valued at approximately $1,434,894.84. The trade was a 12.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the sale, the vice president now 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. Over the last 90 days, insiders have sold 9,375 shares of company stock valued at $527,748. 2.22% of the stock is currently owned by insiders.

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.