Sequoia Financial Advisors LLC Grows Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Sequoia Financial Advisors LLC increased its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 1.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 27,569 shares of the bank’s stock after purchasing an additional 506 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Zions Bancorporation, National Association were worth $1,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CVA Family Office LLC boosted its position in shares of Zions Bancorporation, National Association by 0.9% during the 3rd quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock worth $1,191,000 after purchasing an additional 217 shares during the period. Strategic Advocates LLC lifted its stake in Zions Bancorporation, National Association by 6.1% during the second quarter. Strategic Advocates LLC now owns 5,149 shares of the bank’s stock worth $223,000 after purchasing an additional 296 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in shares of Zions Bancorporation, National Association by 26.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after buying an additional 296 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of Zions Bancorporation, National Association by 8.3% in the 2nd quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock valued at $170,000 after buying an additional 299 shares during the period. Finally, WBI Investments LLC lifted its stake in Zions Bancorporation, National Association by 3.4% during the 2nd quarter. WBI Investments LLC now owns 10,591 shares of the bank’s stock worth $459,000 after acquiring an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Analyst Ratings Changes

ZION has been the subject of several research reports. Wedbush boosted 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 note on Tuesday. Argus downgraded shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. decreased their price target on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Morgan Stanley lifted their target price on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.82.

Insider Buying and Selling

In other news, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction that occurred 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 directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association Stock Down 1.6 %

ZION stock opened at $51.34 on Friday. The company’s 50 day moving average is $48.07 and its two-hundred day moving average is $45.48. Zions Bancorporation, National Association has a twelve month low of $28.98 and a twelve month high of $53.32. The company has a current ratio of 0.78, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09. The stock has a market cap of $7.58 billion, a P/E ratio of 12.90, a PEG ratio of 1.93 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced 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. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $781.63 million. During the same period in the previous year, the company earned $1.13 earnings per share. Research analysts expect that Zions Bancorporation, National Association will post 4.6 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.19%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

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.