Zions Bancorporation, National Association (NASDAQ:ZION) Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 25.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,684,460 shares of the bank’s stock after acquiring an additional 538,049 shares during the quarter. Zions Bancorporation, National Association makes up about 1.1% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 28th biggest holding. Vaughan Nelson Investment Management L.P. owned approximately 1.82% of Zions Bancorporation, National Association worth $126,762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter valued at approximately $28,000. ORG Partners LLC acquired a new position in Zions Bancorporation, National Association in the second quarter valued at about $33,000. International Assets Investment Management LLC purchased a new position in Zions Bancorporation, National Association during the second quarter worth about $34,000. Rothschild Investment LLC acquired a new stake in shares of Zions Bancorporation, National Association during the second quarter valued at about $39,000. Finally, Abich Financial Wealth Management LLC raised its stake in shares of Zions Bancorporation, National Association by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock valued at $49,000 after acquiring an additional 372 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $59.51 on Friday. 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 stock has a market cap of $8.79 billion, a P/E ratio of 13.56, a P/E/G ratio of 5.27 and a beta of 1.07. The stock has a 50 day moving average of $50.44 and a two-hundred day moving average of $47.09. Zions Bancorporation, National Association has a twelve month low of $33.66 and a twelve month high of $61.80.

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, topping the consensus estimate 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 company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. During the same period last year, the firm posted $1.13 EPS. On average, research analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.89%. Zions Bancorporation, National Association’s dividend payout ratio is currently 39.18%.

Insiders Place Their Bets

In related news, EVP Jennifer Anne Smith sold 4,385 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 24,714 shares in the company, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Eric Ellingsen sold 1,238 shares of the business’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 transaction, the vice president now owns 35,878 shares in the company, valued at $2,182,817.52. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,228 shares of company stock valued at $519,048. 2.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

ZION has been the topic of a number of research analyst reports. Wolfe Research raised Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Morgan Stanley boosted their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Wedbush lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.59.

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.