31,142 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Bought by Martingale Asset Management L P

Martingale Asset Management L P acquired a new position in Zions Bancorporation, National Association (NASDAQ:ZION) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 31,142 shares of the bank’s stock, valued at approximately $1,471,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Zions Bancorporation, National Association by 1.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 430,406 shares of the bank’s stock worth $20,324,000 after purchasing an additional 5,358 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in Zions Bancorporation, National Association in the third quarter worth $379,000. Townsquare Capital LLC boosted its position in Zions Bancorporation, National Association by 14.1% in the third quarter. Townsquare Capital LLC now owns 25,980 shares of the bank’s stock worth $1,227,000 after purchasing an additional 3,205 shares during the last quarter. Brooklyn Investment Group purchased a new position in Zions Bancorporation, National Association in the third quarter worth $119,000. Finally, Quantbot Technologies LP purchased a new position in Zions Bancorporation, National Association in the third quarter worth $4,189,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Activity

In other news, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the transaction, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 3,605 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the transaction, the executive vice president now owns 24,714 shares of the company’s stock, valued at approximately $1,434,894.84. The trade was a 12.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,881 shares of company stock worth $1,108,184 in the last quarter. 2.22% of the stock is owned by company insiders.

Zions Bancorporation, National Association Trading Down 0.3 %

NASDAQ ZION opened at $60.52 on Monday. Zions Bancorporation, National Association has a fifty-two week low of $35.07 and a fifty-two week high of $63.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day simple moving average of $53.17 and a two-hundred day simple moving average of $48.24. The stock has a market cap of $8.94 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 5.36 and a beta of 1.07.

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, topping the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $781.63 million. During the same quarter last year, the business posted $1.13 EPS. On average, 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 company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Thursday, November 14th. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 39.18%.

Analysts Set New Price Targets

ZION has been the topic of a number of recent research reports. Wedbush upped their price target 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. Royal Bank of Canada increased their price objective on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Stephens increased their price objective on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Morgan Stanley upped their target price on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Barclays upped their target price on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 22nd. One 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.13.

Zions Bancorporation, National Association Company 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.