Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 25.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,684,460 shares of the bank’s stock after acquiring an additional 538,049 shares during the period. Zions Bancorporation, National Association makes up about 1.1% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 28th biggest position. Vaughan Nelson Investment Management L.P.’s holdings in Zions Bancorporation, National Association were worth $126,762,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC grew its holdings in Zions Bancorporation, National Association by 21.1% in the third quarter. Natixis Advisors LLC now owns 427,047 shares of the bank’s stock valued at $20,166,000 after purchasing an additional 74,344 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in Zions Bancorporation, National Association in the 3rd quarter valued at about $510,000. CIBC Asset Management Inc purchased a new position in Zions Bancorporation, National Association during the 3rd quarter valued at about $202,000. KBC Group NV raised its position in Zions Bancorporation, National Association by 25.6% during the third quarter. KBC Group NV now owns 4,455 shares of the bank’s stock worth $210,000 after acquiring an additional 909 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Zions Bancorporation, National Association in the third quarter valued at about $283,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZION. Argus downgraded Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada upped 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. Evercore ISI lifted their price objective on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com raised shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association currently has an average rating of “Hold” and a consensus price target of $53.59.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $59.51 on Friday. 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 has a 1-year low of $33.66 and a 1-year high of $61.80. The firm has a market capitalization of $8.79 billion, a P/E ratio of 13.56, a P/E/G ratio of 5.27 and a beta of 1.07. The business’s 50-day simple moving average is $50.44 and its 200-day simple moving average is $47.09.

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 for the quarter, compared to analysts’ expectations of $781.63 million. During the same period in the previous year, the company posted $1.13 earnings per share. Equities analysts predict that Zions Bancorporation, National Association will post 4.85 EPS 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. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, November 14th. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s payout ratio is currently 39.18%.

Insider Transactions at Zions Bancorporation, National Association

In related 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 transaction of $234,422.10. Following the sale, the executive vice president now owns 24,714 shares of the company’s stock, valued at $1,321,210.44. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of the company’s 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 transaction, the vice president now directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,228 shares of company stock valued at $519,048 over the last quarter. Company insiders own 2.22% of the company’s stock.

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.