Brooklyn Investment Group Invests $119,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Brooklyn Investment Group acquired a new position in Zions Bancorporation, National Association (NASDAQ:ZION) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,513 shares of the bank’s stock, valued at approximately $119,000.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in shares of Zions Bancorporation, National Association in the 3rd quarter worth about $28,000. ORG Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at about $33,000. International Assets Investment Management LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at about $34,000. Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at about $39,000. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of Zions Bancorporation, National Association by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock valued at $49,000 after buying an additional 372 shares during the period. 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 other news, EVP Jennifer Anne Smith sold 4,385 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was 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 of the company’s stock, valued at approximately $1,321,210.44. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction on Monday, November 11th. The stock was 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 directly owns 35,878 shares in the company, valued at $2,182,817.52. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,375 shares of company stock valued at $527,748 in the last quarter. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.7 %

NASDAQ:ZION opened at $60.68 on Thursday. Zions Bancorporation, National Association has a 12-month low of $33.74 and a 12-month high of $63.22. The firm has a market capitalization of $8.96 billion, a P/E ratio of 13.82, a P/E/G ratio of 5.41 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day simple moving average of $52.40 and a 200 day simple moving average of $47.92.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results 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. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $1.13 EPS. Equities research analysts predict that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.72 annualized dividend and a yield of 2.83%. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s payout ratio is presently 39.18%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ZION. Wolfe Research upgraded Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. The Goldman Sachs Group raised their target price on Zions Bancorporation, National Association from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley raised their target price on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their target price on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Barclays raised their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an “underweight” rating in a research note on Tuesday, October 22nd. 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.13.

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.