4,606 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Purchased by Avid Wealth Partners LLC

Avid Wealth Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) in the 3rd quarter, HoldingsChannel reports. The firm acquired 4,606 shares of the bank’s stock, valued at approximately $217,000.

A number of other hedge funds also recently added to or reduced their stakes in ZION. ORG Wealth Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the third quarter valued at approximately $28,000. ORG Partners LLC purchased a new position in Zions Bancorporation, National Association during the 2nd quarter worth $33,000. International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth $34,000. Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at about $39,000. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Zions Bancorporation, National Association by 49.7% during the first quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock worth $49,000 after acquiring an additional 372 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION opened at $58.13 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.78 and a current ratio of 0.78. The business’s fifty day moving average price is $49.20 and its two-hundred day moving average price is $46.44. The stock has a market cap of $8.59 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 5.18 and a beta of 1.07. Zions Bancorporation, National Association has a one year low of $32.18 and a one year high of $60.41.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. The business 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 last year, the company earned $1.13 earnings per share. On average, analysts forecast that Zions Bancorporation, National Association will post 4.82 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.96%. Zions Bancorporation, National Association’s payout ratio is 37.36%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Wedbush raised their price target 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. Wells Fargo & Company upped their price objective on Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lowered 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, eighteen have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $53.12.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, 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 value of $234,422.10. Following the completion of the sale, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.22% of the company’s stock.

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.