MetLife Investment Management LLC Sells 1,415 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

MetLife Investment Management LLC trimmed its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,283 shares of the bank’s stock after selling 1,415 shares during the quarter. MetLife Investment Management LLC’s holdings in Zions Bancorporation, National Association were worth $3,602,000 at the end of the most recent quarter.

Other institutional investors have 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 bought a new stake in Zions Bancorporation, National Association during the 2nd quarter valued at about $33,000. International Assets Investment Management LLC purchased a new position in Zions Bancorporation, National Association in the second quarter worth about $34,000. Rothschild Investment LLC bought a new position in shares of Zions Bancorporation, National Association in the second quarter worth approximately $39,000. Finally, New Millennium Group LLC purchased a new stake in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $55,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the sale, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction dated 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 directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,881 shares of company stock worth $1,108,184. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Down 1.0 %

ZION opened at $59.92 on Tuesday. Zions Bancorporation, National Association has a 1-year low of $37.05 and a 1-year high of $63.22. The firm’s 50 day simple moving average is $53.17 and its two-hundred day simple moving average is $48.26. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $8.85 billion, a PE ratio of 13.65, a PEG ratio of 5.36 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last released 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 company 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 period in the previous year, the business earned $1.13 earnings per share. As a group, equities analysts forecast that Zions Bancorporation, National Association will post 4.85 EPS for the current 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 paid a dividend of $0.43 per share. The ex-dividend date was Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.87%. Zions Bancorporation, National Association’s payout ratio is 39.18%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ZION shares. Keefe, Bruyette & Woods boosted their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Barclays increased their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an “underweight” rating in a research report on Tuesday, October 22nd. Stephens boosted their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Compass Point upped their target price on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.13.

Zions Bancorporation, National Association 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.