Creative Planning Sells 1,346 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Creative Planning cut its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,716 shares of the bank’s stock after selling 1,346 shares during the quarter. Creative Planning’s holdings in Zions Bancorporation, National Association were worth $884,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ZION. Fidelis Capital Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the first quarter valued at about $27,000. ORG Wealth Partners LLC bought a new position in Zions Bancorporation, National Association during the third quarter worth about $28,000. ORG Partners LLC bought a new position in Zions Bancorporation, National Association during the second quarter worth about $33,000. International Assets Investment Management LLC bought a new position in Zions Bancorporation, National Association during the second quarter worth about $34,000. Finally, Rothschild Investment LLC bought a new position in Zions Bancorporation, National Association during the second quarter worth about $39,000. 76.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ZION. Royal Bank of Canada raised their price target on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Robert W. Baird raised their price target on shares of 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. JPMorgan Chase & Co. decreased their target price on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. The Goldman Sachs Group raised 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 report on Tuesday, October 22nd. Finally, Morgan Stanley raised their target price on shares of 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. 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 stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $53.12.

Zions Bancorporation, National Association Stock Down 1.2 %

Shares of NASDAQ ZION opened at $51.44 on Friday. The company has a market capitalization of $7.60 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 1.87 and a beta of 1.09. Zions Bancorporation, National Association has a 52-week low of $31.63 and a 52-week high of $53.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.78 and a current ratio of 0.78. The company’s 50 day moving average price is $48.53 and its 200-day moving average price is $45.86.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company earned $1.13 EPS. Equities analysts forecast that Zions Bancorporation, National Association will post 4.79 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. Stockholders of record on Thursday, November 14th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.34%. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s payout ratio is currently 37.36%.

Insider Activity

In other news, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction on 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.22% of the stock is currently owned by company insiders.

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.