Global Retirement Partners LLC Trims Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Global Retirement Partners LLC decreased its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 5.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 8,628 shares of the bank’s stock after selling 490 shares during the period. Global Retirement Partners LLC’s holdings in Zions Bancorporation, National Association were worth $407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZION. Principal Financial Group Inc. grew its holdings in shares of Zions Bancorporation, National Association by 197.5% during the 1st quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock worth $24,616,000 after acquiring an additional 376,549 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Zions Bancorporation, National Association by 4.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 57,497 shares of the bank’s stock worth $2,495,000 after buying an additional 2,285 shares during the last quarter. Caprock Group LLC grew its stake in shares of Zions Bancorporation, National Association by 18.4% in the 1st quarter. Caprock Group LLC now owns 7,043 shares of the bank’s stock worth $306,000 after buying an additional 1,097 shares during the last quarter. Vest Financial LLC grew its stake in shares of Zions Bancorporation, National Association by 281.5% in the 1st quarter. Vest Financial LLC now owns 20,842 shares of the bank’s stock worth $905,000 after buying an additional 15,379 shares during the last quarter. Finally, HB Wealth Management LLC grew its stake in shares of Zions Bancorporation, National Association by 16.0% in the 1st quarter. HB Wealth Management LLC now owns 10,396 shares of the bank’s stock worth $451,000 after buying an additional 1,432 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the transaction, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 value of $99,262.26. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 67,073 shares of company stock valued at $3,476,298. 2.22% of the stock is owned by company insiders.

Zions Bancorporation, National Association Price Performance

Shares of Zions Bancorporation, National Association stock opened at $49.44 on Tuesday. Zions Bancorporation, National Association has a one year low of $28.90 and a one year high of $53.32. The stock’s fifty day moving average is $47.51 and its 200 day moving average is $45.20. The stock has a market cap of $7.30 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.91 and a beta of 1.09. 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 announced its earnings results on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. During the same period last year, the firm earned $1.11 EPS. Zions Bancorporation, National Association’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.53 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a $0.41 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.32%. Zions Bancorporation, National Association’s dividend payout ratio is currently 39.52%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ZION shares. Argus downgraded Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Wedbush upped their price target on Zions Bancorporation, National Association from $46.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Stephens increased their target price on Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Wolfe Research upgraded Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group cut their target price on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus target price of $49.28.

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.