Zions Bancorporation, National Association (NASDAQ:ZION) Holdings Decreased by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC decreased its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 13.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,399 shares of the bank’s stock after selling 1,835 shares during the period. Cottonwood Capital Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $618,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. CVA Family Office LLC raised its position in 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 valued at $1,191,000 after buying an additional 217 shares during the period. Contravisory Investment Management Inc. increased its stake in Zions Bancorporation, National Association by 1.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank’s stock valued at $937,000 after buying an additional 249 shares during the period. Centaurus Financial Inc. increased its stake in Zions Bancorporation, National Association by 8.3% in 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 during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Zions Bancorporation, National Association by 0.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock valued at $1,947,000 after buying an additional 348 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Zions Bancorporation, National Association by 1.2% during the 2nd quarter. Hsbc Holdings PLC now owns 30,247 shares of the bank’s stock valued at $1,312,000 after acquiring an additional 363 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the transaction, the vice president now directly owns 35,878 shares in the company, valued at approximately $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 accessible through the SEC website. Also, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,881 shares of company stock valued at $1,108,184. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association Stock Up 1.1 %

Shares of NASDAQ ZION opened at $58.64 on Friday. 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 12 month low of $37.76 and a 12 month high of $63.22. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 3.10 and a beta of 1.12. The business has a 50-day moving average of $57.16 and a 200-day moving average of $52.07.

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

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.93%. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio is currently 34.75%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ZION. Stephens upped their target price on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Robert W. Baird lifted their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, January 7th. Morgan Stanley increased their price objective 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. Finally, JPMorgan Chase & Co. lowered their price objective on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.71.

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.