Cottonwood Capital Advisors LLC Sells 1,835 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Cottonwood Capital Advisors LLC trimmed its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,399 shares of the bank’s stock after selling 1,835 shares during the quarter. Cottonwood Capital Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZION. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association during the third quarter valued at approximately $28,000. Venturi Wealth Management LLC grew its position in shares of Zions Bancorporation, National Association by 209.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock valued at $117,000 after purchasing an additional 1,671 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Zions Bancorporation, National Association during the third quarter worth about $119,000. TD Private Client Wealth LLC lifted its holdings in shares of Zions Bancorporation, National Association by 15.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after acquiring an additional 375 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in shares of Zions Bancorporation, National Association by 8.3% during the 2nd quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock valued at $170,000 after buying an additional 299 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Trading Up 1.1 %

Shares of ZION opened at $58.64 on Friday. The stock’s fifty day simple moving average is $57.16 and its 200 day simple moving average is $52.07. The firm has a market capitalization of $8.66 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 3.10 and a beta of 1.12. The company has a current ratio of 0.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a twelve month low of $37.76 and a twelve month high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. The firm had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787,704.90 billion. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities research analysts forecast that Zions Bancorporation, National Association will post 4.96 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a $0.43 dividend. 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 annualized dividend and a yield of 2.93%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 34.75%.

Insider Activity

In related news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 86,232 shares in the company, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Anne Smith sold 4,385 shares of the company’s 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 sale, the executive vice president now owns 24,714 shares in the company, valued at $1,321,210.44. The trade was a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,881 shares of company stock worth $1,108,184 over the last 90 days. Company insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ZION shares. Morgan Stanley raised their target price on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Compass Point lifted their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Barclays upped their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday. Evercore ISI increased their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upgraded Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.71.

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.