Victory Capital Management Inc. Sells 1,499 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Victory Capital Management Inc. reduced its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 150,651 shares of the bank’s stock after selling 1,499 shares during the quarter. Victory Capital Management Inc. owned 0.10% of Zions Bancorporation, National Association worth $7,114,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in Zions Bancorporation, National Association during the third quarter worth $28,000. ORG Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at about $33,000. International Assets Investment Management LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at about $34,000. Rothschild Investment LLC acquired a new stake in Zions Bancorporation, National Association during the second quarter worth approximately $39,000. Finally, Abich Financial Wealth Management LLC increased its holdings in Zions Bancorporation, National Association by 49.7% in the first quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock worth $49,000 after purchasing an additional 372 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 3,605 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the transaction, the executive vice president now owns 24,714 shares of the company’s stock, valued at approximately $1,434,894.84. This represents a 12.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric Ellingsen sold 1,238 shares of the firm’s stock in a transaction 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 approximately $2,182,817.52. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,228 shares of company stock worth $519,048. Corporate insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ZION shares. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods raised their price objective 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. Robert W. Baird increased their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Compass Point upped their target price on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada lifted their target price on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $54.63.

Zions Bancorporation, National Association Stock Up 1.0 %

ZION opened at $59.25 on Friday. The business has a 50 day moving average of $51.53 and a 200-day moving average of $47.51. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 5.21 and a beta of 1.07. 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 has a 1-year low of $33.66 and a 1-year high of $61.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted 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. The company had revenue of $1.28 billion during 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 last year, the business posted $1.13 earnings per share. As a group, sell-side analysts anticipate 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. Shareholders 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 yield of 2.90%. 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 is 39.18%.

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.