Zions Bancorporation, National Association (NASDAQ:ZION) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 15.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,837 shares of the bank’s stock after purchasing an additional 375 shares during the quarter. TD Private Client Wealth LLC’s holdings in Zions Bancorporation, National Association were worth $134,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. State Street Corp grew its position in shares of Zions Bancorporation, National Association by 14.6% in the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock valued at $332,515,000 after purchasing an additional 896,889 shares during the period. Dimensional Fund Advisors LP lifted its stake 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 worth $271,003,000 after buying an additional 929,251 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Zions Bancorporation, National Association by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock worth $221,367,000 after buying an additional 140,084 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake 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 worth $126,762,000 after buying an additional 538,049 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Zions Bancorporation, National Association by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank’s stock worth $124,592,000 after buying an additional 30,030 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION opened at $57.67 on Monday. Zions Bancorporation, National Association has a 1-year low of $37.76 and a 1-year high of $63.22. The stock has a market cap of $8.52 billion, a PE ratio of 13.14, a P/E/G ratio of 5.10 and a beta of 1.10. The firm has a 50-day simple moving average of $55.62 and a two-hundred day simple moving average of $49.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $781.63 million. During the same period last year, the business earned $1.13 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.43 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.98%. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s payout ratio is 39.18%.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the transaction, the executive vice president now owns 86,232 shares in the company, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the completion of the transaction, the executive vice president now owns 24,714 shares of the company’s stock, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,881 shares of company stock worth $1,108,184. Corporate insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ZION shares. Keefe, Bruyette & Woods raised 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 research note on Tuesday, October 22nd. The Goldman Sachs Group raised their price target on shares of Zions Bancorporation, National Association from $59.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Robert W. Baird raised their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their price target on shares of 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. Finally, 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 on the stock in a research note on Wednesday, October 9th. 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’s stock. Based on data from MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and an average price target of $55.88.

About Zions Bancorporation, National Association

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.