Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,802 shares of the bank’s stock after purchasing an additional 768 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Zions Bancorporation, National Association were worth $426,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZION. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association during the 3rd quarter worth approximately $28,000. ORG Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the second quarter worth $33,000. International Assets Investment Management LLC purchased a new position in shares of Zions Bancorporation, National Association during the second quarter worth $34,000. Rothschild Investment LLC acquired a new position in Zions Bancorporation, National Association during the second quarter valued at $39,000. Finally, New Millennium Group LLC purchased a new stake in Zions Bancorporation, National Association in the second quarter valued at $55,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.8 %

Shares of ZION opened at $57.67 on Friday. The firm’s fifty day moving average is $55.62 and its two-hundred day moving average is $49.29. The stock has a market cap of $8.52 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 5.10 and a beta of 1.10. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a 52-week low of $37.76 and a 52-week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $781.63 million. During the same quarter in the prior year, the company earned $1.13 EPS. Research analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.43 per share. This is an increase 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 yield of 2.98%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 39.18%.

Analysts Set New Price Targets

ZION has been the subject of several analyst reports. Wolfe Research raised Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. Evercore ISI upped their price objective on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. cut their target price on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. The Goldman Sachs Group increased 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 report on Tuesday, November 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus price target of $55.88.

Insiders Place Their Bets

In other news, VP Eric Ellingsen sold 1,238 shares of the 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. This represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 3,605 shares of Zions Bancorporation, National Association stock in a transaction 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 completion of the sale, the executive vice president now owns 24,714 shares in the company, valued at $1,434,894.84. This represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,881 shares of company stock valued at $1,108,184. 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.