Venturi Wealth Management LLC Acquires 1,671 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Venturi Wealth Management LLC lifted its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 209.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,470 shares of the bank’s stock after acquiring an additional 1,671 shares during the quarter. Venturi Wealth Management LLC’s holdings in Zions Bancorporation, National Association were worth $117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZION. Envestnet Portfolio Solutions Inc. raised its position in shares of Zions Bancorporation, National Association by 18.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,589 shares of the bank’s stock valued at $460,000 after purchasing an additional 1,680 shares during the period. SG Americas Securities LLC lifted its position in shares of Zions Bancorporation, National Association by 3.5% in the first quarter. SG Americas Securities LLC now owns 13,273 shares of the bank’s stock valued at $576,000 after acquiring an additional 453 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Zions Bancorporation, National Association by 0.7% in the first quarter. Sei Investments Co. now owns 73,467 shares of the bank’s stock worth $3,188,000 after acquiring an additional 530 shares during the period. Entropy Technologies LP purchased a new stake in shares of Zions Bancorporation, National Association during the first quarter worth about $884,000. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Zions Bancorporation, National Association by 4.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 191,539 shares of the bank’s stock worth $8,313,000 after purchasing an additional 7,911 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Insider Transactions at Zions Bancorporation, National Association

In related news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the completion of the sale, the vice president now owns 35,878 shares in the company, valued at $2,182,817.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the completion of the sale, the vice president now directly owns 35,878 shares of the company’s stock, valued at $2,182,817.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 3,605 shares of the stock in a transaction 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 directly owns 24,714 shares in the company, valued at $1,434,894.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,228 shares of company stock worth $519,048. Insiders own 2.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ZION. The Goldman Sachs Group increased their price objective 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. Wedbush lifted their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Stephens increased their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their target price 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, October 22nd. Finally, Argus cut Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $53.12.

Zions Bancorporation, National Association Stock Up 0.9 %

Shares of NASDAQ ZION opened at $60.21 on Thursday. Zions Bancorporation, National Association has a 1 year low of $33.66 and a 1 year high of $61.80. The firm has a 50-day simple moving average of $49.88 and a two-hundred day simple moving average of $46.83. The company has a market cap of $8.89 billion, a P/E ratio of 13.72, a PEG ratio of 5.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81.

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 during 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 period last year, the company earned $1.13 EPS. Research 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 business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.43 per share. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, November 14th. Zions Bancorporation, National Association’s payout ratio is currently 37.36%.

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.