Fisher Asset Management LLC Takes $389,000 Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Fisher Asset Management LLC acquired a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,176 shares of the bank's stock, valued at approximately $389,000.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE grew its stake in shares of Zions Bancorporation, National Association by 4.1% during the 3rd quarter. US Bancorp DE now owns 16,350 shares of the bank's stock valued at $772,000 after purchasing an additional 649 shares during the period. Easterly Investment Partners LLC grew its holdings in Zions Bancorporation, National Association by 82.5% during the third quarter. Easterly Investment Partners LLC now owns 69,179 shares of the bank's stock valued at $3,267,000 after purchasing an additional 31,265 shares during the period. Avid Wealth Partners LLC purchased a new stake in Zions Bancorporation, National Association in the third quarter worth about $217,000. Crossmark Global Holdings Inc. raised its stake in shares of Zions Bancorporation, National Association by 85.8% in the third quarter. Crossmark Global Holdings Inc. now owns 14,659 shares of the bank's stock worth $693,000 after buying an additional 6,769 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in shares of Zions Bancorporation, National Association by 14.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank's stock valued at $16,581,000 after buying an additional 43,720 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

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Zions Bancorporation, National Association Trading Up 0.2 %

ZION traded up $0.11 on Tuesday, reaching $47.33. 2,180,728 shares of the company traded hands, compared to its average volume of 1,391,139. The company has a market cap of $7.00 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a one year low of $39.05 and a one year high of $63.22. The firm has a fifty day simple moving average of $55.39 and a two-hundred day simple moving average of $53.63.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. During the same period in the previous year, the company posted $0.78 EPS. Zions Bancorporation, National Association's revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts expect that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Thursday, February 13th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 34.75%.

Zions Bancorporation, National Association declared that its Board of Directors has initiated a stock buyback plan on Monday, February 24th that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the bank to purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ZION shares. DA Davidson raised their target price on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group upgraded shares of Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 target price on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Compass Point boosted their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods increased their target price on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $60.71.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the sale, the executive vice president now directly owns 29,313 shares in the company, valued at $1,655,305.11. This trade represents a 43.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Dan Stephens sold 10,000 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total value of $557,100.00. Following the transaction, the executive vice president now directly owns 45,847 shares in the company, valued at approximately $2,554,136.37. The trade was a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,713 shares of company stock worth $1,839,686. 2.22% of the stock is currently owned by corporate insiders.

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.