78,107 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 78,107 shares of the bank's stock, valued at approximately $4,237,000. Proficio Capital Partners LLC owned approximately 0.05% of Zions Bancorporation, National Association at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. State Street Corp increased its position in shares of Zions Bancorporation, National Association by 14.6% during the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank's stock valued at $332,515,000 after purchasing an additional 896,889 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Zions Bancorporation, National Association by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank's stock valued at $221,367,000 after purchasing an additional 140,084 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Zions Bancorporation, National Association by 0.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,698,530 shares of the bank's stock valued at $146,396,000 after purchasing an additional 14,070 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Zions Bancorporation, National Association by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank's stock valued at $124,592,000 after purchasing an additional 30,030 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Zions Bancorporation, National Association during the 3rd quarter valued at approximately $24,647,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. Also, EVP Steven Dan Stephens sold 10,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total value of $557,100.00. Following the completion of the transaction, the executive vice president now owns 45,847 shares of the company's stock, 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. Over the last ninety days, insiders sold 32,713 shares of company stock worth $1,839,686. 2.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZION. Royal Bank of Canada boosted 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 report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price 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. The Goldman Sachs Group raised Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price objective on the stock in a research report on Tuesday, January 7th. DA Davidson upped their price objective on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Finally, UBS Group started coverage on Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $64.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Zions Bancorporation, National Association has an average rating of "Hold" and a consensus price target of $60.71.

Zions Bancorporation, National Association Stock Down 0.4 %

Zions Bancorporation, National Association stock traded down $0.18 during midday trading on Friday, reaching $50.15. The company's stock had a trading volume of 1,876,685 shares, compared to its average volume of 1,338,831. The stock's 50-day simple moving average is $55.62 and its 200-day simple moving average is $53.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, National Association has a 52-week low of $39.05 and a 52-week high of $63.22. The stock has a market capitalization of $7.42 billion, a P/E ratio of 10.13, a PEG ratio of 1.61 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 EPS 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 company had revenue of $820.00 million during the quarter, compared to analysts' expectations of $787.70 million. During the same period last year, the business posted $0.78 earnings per share. The firm's revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association declared that its Board of Directors has initiated a stock repurchase 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 typically an indication that the company's leadership believes its stock is undervalued.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 34.75%.

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.