MetLife Investment Management LLC Sells 1,415 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

MetLife Investment Management LLC cut its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,283 shares of the bank’s stock after selling 1,415 shares during the period. MetLife Investment Management LLC owned 0.05% of Zions Bancorporation, National Association worth $3,602,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. ORG Wealth Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the third quarter worth $28,000. ORG Partners LLC bought a new position in Zions Bancorporation, National Association in the 2nd quarter worth about $33,000. International Assets Investment Management LLC purchased a new position in Zions Bancorporation, National Association during the 2nd quarter valued at about $34,000. Rothschild Investment LLC bought a new stake in shares of Zions Bancorporation, National Association during the second quarter valued at about $39,000. Finally, New Millennium Group LLC bought a new position in shares of Zions Bancorporation, National Association in the second quarter valued at approximately $55,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 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 sale, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the transaction, the vice president now directly owns 35,878 shares in the company, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,881 shares of company stock worth $1,108,184. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association Trading Down 1.0 %

NASDAQ ZION opened at $59.92 on Tuesday. The firm has a market cap of $8.85 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 5.36 and a beta of 1.10. Zions Bancorporation, National Association has a 1-year low of $37.05 and a 1-year high of $63.22. The stock has a 50-day moving average of $53.17 and a 200-day moving average of $48.26. 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 (NASDAQ:ZION) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 39.18%.

Analyst Upgrades and Downgrades

ZION has been the topic of a number of analyst reports. Truist Financial upped their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their price objective on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lifted their price objective on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. The Goldman Sachs Group upped their target price on 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. Finally, Stephens lifted their price target 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. One equities research 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.com, the company has a consensus rating of “Hold” and an average price target of $55.13.

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.