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

Brooklyn Investment Group bought a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,513 shares of the bank’s stock, valued at approximately $119,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CVA Family Office LLC raised its position in shares of Zions Bancorporation, National Association by 0.9% during the third quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock worth $1,191,000 after purchasing an additional 217 shares during the period. Strategic Advocates LLC raised its position in shares of Zions Bancorporation, National Association by 6.1% during the second quarter. Strategic Advocates LLC now owns 5,149 shares of the bank’s stock worth $223,000 after purchasing an additional 296 shares during the period. Abich Financial Wealth Management LLC raised its position in shares of Zions Bancorporation, National Association by 26.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after purchasing an additional 296 shares during the period. Centaurus Financial Inc. raised its position in shares of Zions Bancorporation, National Association by 8.3% during the second quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock worth $170,000 after purchasing an additional 299 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in shares of Zions Bancorporation, National Association by 1.2% during the second quarter. Sequoia Financial Advisors LLC now owns 27,063 shares of the bank’s stock worth $1,174,000 after purchasing an additional 327 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction that occurred 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 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 legal filing with the SEC, which is available at 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 completion of the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. This trade represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,375 shares of company stock valued at $527,748 in the last quarter. Corporate insiders own 2.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on Zions Bancorporation, National Association from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday. Wolfe Research upgraded Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. Jefferies Financial Group lowered their price target on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, September 11th. Compass Point lifted their price target on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lowered their price target 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. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.13.

Zions Bancorporation, National Association Price Performance

NASDAQ ZION opened at $60.68 on Thursday. Zions Bancorporation, National Association has a twelve month low of $33.74 and a twelve month high of $63.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $8.96 billion, a PE ratio of 13.82, a P/E/G ratio of 5.41 and a beta of 1.07. The stock 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 posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share 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 during the quarter, compared to analysts’ expectations of $781.63 million. During the same quarter in the previous year, the firm earned $1.13 EPS. Research analysts anticipate 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 is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 annualized dividend and a yield of 2.83%. Zions Bancorporation, National Association’s dividend payout ratio is 39.18%.

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.