Harvest Fund Management Co. Ltd Decreases Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Harvest Fund Management Co. Ltd trimmed its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 20.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,023 shares of the bank’s stock after selling 268 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Zions Bancorporation, National Association were worth $48,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association in the 3rd quarter worth approximately $28,000. ORG Partners LLC purchased a new position in Zions Bancorporation, National Association in the 2nd quarter worth approximately $33,000. International Assets Investment Management LLC purchased a new position in Zions Bancorporation, National Association in the 2nd quarter worth approximately $34,000. Rothschild Investment LLC purchased a new position in Zions Bancorporation, National Association in the 2nd quarter worth approximately $39,000. Finally, Abich Financial Wealth Management LLC increased its stake in Zions Bancorporation, National Association by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock worth $49,000 after purchasing an additional 372 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 transaction, the vice president now owns 35,878 shares in the company, valued at $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jennifer Anne Smith sold 3,605 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the transaction, the executive vice president now owns 24,714 shares of the company’s stock, 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 three months, insiders have sold 9,375 shares of company stock valued at $527,748. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Trading Down 0.7 %

NASDAQ ZION opened at $60.68 on Thursday. 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 twelve month low of $33.74 and a twelve month high of $63.22. The firm has a market capitalization of $8.96 billion, a PE ratio of 13.82, a P/E/G ratio of 5.46 and a beta of 1.07. The stock’s 50 day moving average is $52.40 and its 200 day moving average is $47.92.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping 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 business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. During the same period in the previous year, the company posted $1.13 earnings per share. 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 announced 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 annualized dividend and a yield of 2.83%. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, November 14th. Zions Bancorporation, National Association’s payout ratio is 39.18%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Compass Point lifted their price target on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on Zions Bancorporation, National Association from $59.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Stephens boosted their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird boosted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.