Atria Investments Inc Sells 2,447 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Atria Investments Inc trimmed its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 16.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,042 shares of the bank’s stock after selling 2,447 shares during the quarter. Atria Investments Inc’s holdings in Zions Bancorporation, National Association were worth $569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sei Investments Co. raised its holdings in Zions Bancorporation, National Association by 0.7% during the 1st quarter. Sei Investments Co. now owns 73,467 shares of the bank’s stock valued at $3,188,000 after buying an additional 530 shares during the period. Edgestream Partners L.P. bought a new stake in Zions Bancorporation, National Association during the first quarter valued at about $770,000. O Shaughnessy Asset Management LLC boosted its holdings in Zions Bancorporation, National Association by 37.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,271 shares of the bank’s stock worth $489,000 after acquiring an additional 3,061 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Zions Bancorporation, National Association by 19.3% in the first quarter. Bessemer Group Inc. now owns 7,978 shares of the bank’s stock worth $347,000 after acquiring an additional 1,291 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in Zions Bancorporation, National Association by 7.9% in the first quarter. Lake Street Advisors Group LLC now owns 5,573 shares of the bank’s stock worth $242,000 after acquiring an additional 409 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now owns 24,714 shares in the company, valued at $1,321,210.44. This represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction dated 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 directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,228 shares of company stock worth $519,048. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock opened at $58.83 on Wednesday. Zions Bancorporation, National Association has a 52 week low of $33.66 and a 52 week high of $61.80. The business’s fifty day simple moving average is $50.98 and its 200-day simple moving average is $47.35. The firm has a market cap of $8.69 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 5.27 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.16 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same quarter in the prior year, the company posted $1.13 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s payout ratio is currently 39.18%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ZION shares. Wolfe Research upgraded Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. Royal Bank of Canada boosted their price objective on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price target on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Truist Financial lifted their price target on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price target on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.59.

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.