American Century Companies Inc. Has $29.01 Million Position in Zions Bancorporation, National Association (NASDAQ:ZION)

American Century Companies Inc. boosted its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534,647 shares of the bank's stock after purchasing an additional 22,367 shares during the period. American Century Companies Inc. owned about 0.36% of Zions Bancorporation, National Association worth $29,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZION. Virtu Financial LLC bought a new stake in Zions Bancorporation, National Association during the third quarter valued at $583,000. Fisher Asset Management LLC bought a new stake in Zions Bancorporation, National Association in the fourth quarter valued at $389,000. Strategic Financial Concepts LLC acquired a new position in shares of Zions Bancorporation, National Association during the fourth quarter valued at $2,538,000. State Street Corp increased its holdings in shares of Zions Bancorporation, National Association by 14.6% in the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank's stock worth $332,515,000 after acquiring an additional 896,889 shares during the period. Finally, SG Americas Securities LLC lifted its position in Zions Bancorporation, National Association by 244.8% in the 4th quarter. SG Americas Securities LLC now owns 28,405 shares of the bank's stock valued at $1,541,000 after purchasing an additional 20,167 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Up 1.0 %

Shares of Zions Bancorporation, National Association stock traded up $0.50 during trading on Wednesday, hitting $49.98. 142,448 shares of the stock traded hands, compared to its average volume of 1,540,395. The company has a fifty day moving average price of $53.30 and a two-hundred day moving average price of $53.82. Zions Bancorporation, National Association has a twelve month low of $39.05 and a twelve month high of $63.22. The stock has a market cap of $7.38 billion, a P/E ratio of 10.09, a PEG ratio of 1.61 and a beta of 1.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80.

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

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.44%. Zions Bancorporation, National Association's payout ratio is currently 34.75%.

Zions Bancorporation, National Association declared that its board has initiated a share buyback program on Monday, February 24th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the bank to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

ZION has been the topic of several analyst reports. Compass Point raised their price target on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Stephens reaffirmed an "equal weight" rating and set a $64.00 target price on shares of Zions Bancorporation, National Association in a research note on Wednesday, March 5th. The Goldman Sachs Group raised Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price target for the company in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price objective on shares of Zions Bancorporation, National Association from $62.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Finally, Morgan Stanley decreased their price objective on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $60.94.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the transaction, the executive vice president now owns 29,313 shares of the company's stock, valued at approximately $1,655,305.11. This represents a 43.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 shares were 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 $2,554,136.37. This trade represents a 17.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,713 shares of company stock worth $1,839,686 over the last three months. Company insiders own 2.22% of the company's stock.

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.