Prudential PLC Buys Shares of 7,221 Zions Bancorporation, National Association (NASDAQ:ZION)

Prudential PLC acquired a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,221 shares of the bank's stock, valued at approximately $392,000.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Zions Bancorporation, National Association by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after purchasing an additional 183 shares during the period. SRS Capital Advisors Inc. lifted its position in Zions Bancorporation, National Association by 120.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock worth $49,000 after acquiring an additional 493 shares during the period. Millstone Evans Group LLC purchased a new stake in Zions Bancorporation, National Association during the fourth quarter worth about $62,000. Whipplewood Advisors LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 4th quarter worth about $115,000. Finally, Smartleaf Asset Management LLC lifted its stake in Zions Bancorporation, National Association by 19.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,241 shares of the bank's stock valued at $122,000 after buying an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ZION shares. Barclays boosted their price objective on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a research note on Wednesday, January 22nd. UBS Group began coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They set a "neutral" rating and a $64.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada increased their target price on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price target on the stock in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of "Hold" and an average target price of $61.81.

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Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 10,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the completion of the sale, the executive vice president now owns 45,847 shares in the company, valued at $2,554,136.37. This trade represents a 17.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 29,313 shares of the company's stock, valued at $1,655,305.11. This represents a 43.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,029 shares of company stock valued at $1,855,321. Corporate insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Trading Up 0.9 %

Shares of NASDAQ ZION traded up $0.37 during mid-day trading on Monday, hitting $42.37. 257,899 shares of the company traded hands, compared to its average volume of 1,586,540. The business has a 50 day moving average of $50.53 and a two-hundred day moving average of $53.55. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 1.61 and a beta of 0.92. Zions Bancorporation, National Association has a 1 year low of $39.05 and a 1 year high of $63.22. 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 (NASDAQ:ZION - Get Free Report) last announced its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.08. The firm had revenue of $820.00 million during the quarter, compared to analysts' expectations of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The company's revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, sell-side analysts anticipate that Zions Bancorporation, National Association will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was Thursday, February 13th. Zions Bancorporation, National Association's payout ratio is 34.75%.

Zions Bancorporation, National Association announced that its Board of Directors has approved a share buyback program on Monday, February 24th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the bank to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Zions Bancorporation, National Association Company 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.