TrinityPoint Wealth LLC Makes New $206,000 Investment in Zions Bancorporation, National Association (NASDAQ:ZION)

TrinityPoint Wealth LLC acquired a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 4,352 shares of the bank’s stock, valued at approximately $206,000.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Zions Bancorporation, National Association by 103.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock valued at $7,163,000 after buying an additional 4,993,164 shares during the period. Dimensional Fund Advisors LP raised its holdings in Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after acquiring an additional 929,251 shares during the last quarter. Artemis Investment Management LLP lifted its stake in shares of Zions Bancorporation, National Association by 165.0% during the 3rd quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank’s stock worth $42,761,000 after purchasing an additional 563,889 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Zions Bancorporation, National Association by 25.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock worth $126,762,000 after purchasing an additional 538,049 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Zions Bancorporation, National Association by 75.0% during the second quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock worth $43,294,000 after purchasing an additional 433,513 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

ZION has been the topic of several recent analyst reports. StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Compass Point increased their price target on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada boosted their price objective on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Truist Financial increased their target price on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Finally, Barclays lifted their target price on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an “underweight” rating in a report on Tuesday, October 22nd. One 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’s stock. According to MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and a consensus target price of $53.59.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 3,605 shares of Zions Bancorporation, National Association 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 completion of the transaction, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,434,894.84. The trade was a 12.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value 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 $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 three months, insiders sold 9,228 shares of company stock valued at $519,048. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.5 %

Shares of NASDAQ:ZION opened at $59.19 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s 50-day moving average is $50.72 and its 200-day moving average is $47.24. The company has a market cap of $8.74 billion, a P/E ratio of 13.48, a P/E/G ratio of 5.27 and a beta of 1.07. Zions Bancorporation, National Association has a 52-week low of $33.66 and a 52-week high of $61.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its 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. 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 prior year, the company earned $1.13 EPS. Equities research analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm 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 is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.91%. Zions Bancorporation, National Association’s dividend payout ratio is currently 39.18%.

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.