Virtu Financial LLC Takes Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Virtu Financial LLC purchased a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,341 shares of the bank’s stock, valued at approximately $583,000.

Other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth approximately $28,000. ORG Partners LLC bought a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new stake in Zions Bancorporation, National Association during the second quarter worth approximately $34,000. Rothschild Investment LLC bought a new position in Zions Bancorporation, National Association during the 2nd quarter worth $39,000. Finally, New Millennium Group LLC acquired a new position in Zions Bancorporation, National Association in the 2nd quarter valued at $55,000. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, National Association Price Performance

Zions Bancorporation, National Association stock opened at $57.67 on Friday. The stock has a 50-day moving average price of $55.62 and a two-hundred day moving average price of $49.29. Zions Bancorporation, National Association has a 12 month low of $37.76 and a 12 month high of $63.22. The company has a market capitalization of $8.52 billion, a PE ratio of 13.14, a P/E/G ratio of 5.10 and a beta of 1.10. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. During the same quarter last year, the business earned $1.13 EPS. Analysts expect that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s payout ratio is 39.18%.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Paul E. Burdiss sold 9,506 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the sale, the executive vice president now owns 86,232 shares in the company, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Eric Ellingsen sold 1,238 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the sale, the vice president now directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock worth $1,108,184 over the last three months. Company insiders own 2.22% of the company’s stock.

Wall Street Analysts Forecast Growth

ZION has been the topic of several analyst reports. Evercore ISI increased their target price on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Stephens increased their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price on shares of Zions Bancorporation, National Association from $59.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Barclays increased their price target on shares of Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 22nd. Finally, Compass Point boosted their price objective on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $55.88.

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.