13,501 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Acquired by Centiva Capital LP

Centiva Capital LP bought a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,501 shares of the bank’s stock, valued at approximately $638,000.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter worth approximately $28,000. ORG Partners LLC bought a new position in Zions Bancorporation, National Association during the 2nd quarter valued at $33,000. International Assets Investment Management LLC acquired a new position in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $34,000. Rothschild Investment LLC bought a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth $39,000. Finally, New Millennium Group LLC acquired a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at $55,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION opened at $59.16 on Friday. The business’s 50-day moving average is $54.44 and its 200-day moving average is $48.75. 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 company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 5.23 and a beta of 1.10. Zions Bancorporation, National Association has a fifty-two week low of $37.18 and a fifty-two week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data 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 analyst estimates of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the prior year, the business earned $1.13 EPS. Equities research analysts expect that Zions Bancorporation, National Association will post 4.85 EPS 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. Shareholders of record on Thursday, November 14th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a yield of 2.91%. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s payout ratio is 39.18%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ZION. Compass Point lifted their target price on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Truist Financial lifted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. Keefe, Bruyette & Woods raised their target price 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. Finally, Barclays upped their price target on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an “underweight” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.13.

Insiders Place Their Bets

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the transaction, the executive vice president now owns 24,714 shares in the company, valued at $1,321,210.44. This represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the sale, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,881 shares of company stock valued at $1,108,184 in the last three months. Insiders own 2.22% of the company’s stock.

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.