Blue Trust Inc. Has $389,000 Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Blue Trust Inc. boosted its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 106.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,962 shares of the bank’s stock after purchasing an additional 4,612 shares during the quarter. Blue Trust Inc.’s holdings in Zions Bancorporation, National Association were worth $389,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new position in shares of Zions Bancorporation, National Association during the 1st quarter worth about $27,000. ORG Wealth Partners LLC bought a new position in Zions Bancorporation, National Association during the third quarter valued at about $28,000. ORG Partners LLC acquired a new position in Zions Bancorporation, National Association in the 2nd quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new position in Zions Bancorporation, National Association in the 2nd quarter valued at approximately $34,000. Finally, Rothschild Investment LLC bought a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ZION. Royal Bank of Canada upped their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research note on Tuesday. Keefe, Bruyette & Woods increased their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday. The Goldman Sachs Group lifted their target price on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company increased their price target on shares of Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Wedbush lifted their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $52.82.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $51.78, for a total transaction of $99,262.26. Following the sale, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at $1,275,859.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Down 1.2 %

Shares of ZION opened at $51.89 on Thursday. The business’s fifty day moving average price is $47.72 and its two-hundred day moving average price is $45.33. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.91 and a beta of 1.09. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week high of $53.32. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. During the same quarter in the prior year, the business posted $1.13 EPS. On average, analysts predict that Zions Bancorporation, National Association will post 4.53 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

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.