Blue Trust Inc. Decreases Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Blue Trust Inc. cut its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,618 shares of the bank's stock after selling 5,344 shares during the period. Blue Trust Inc.'s holdings in Zions Bancorporation, National Association were worth $196,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ZION. Virtu Financial LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth approximately $583,000. Cornercap Investment Counsel Inc. purchased a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth approximately $510,000. Sequoia Financial Advisors LLC raised its holdings in shares of Zions Bancorporation, National Association by 1.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank's stock worth $1,302,000 after acquiring an additional 506 shares in the last quarter. State Street Corp raised its holdings 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 worth $332,515,000 after acquiring an additional 896,889 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings 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 worth $16,581,000 after acquiring an additional 43,720 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Down 3.0 %

Shares of ZION traded down $1.65 during midday trading on Friday, reaching $53.47. 573,048 shares of the stock were exchanged, compared to its average volume of 1,178,195. Zions Bancorporation, National Association has a 52 week low of $38.01 and a 52 week high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $56.11 and its two-hundred day moving average is $53.05. The company has a market capitalization of $7.90 billion, a P/E ratio of 10.78, a PEG ratio of 1.65 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly 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. 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 for the quarter, compared to the consensus estimate of $787.70 million. During the same quarter in the prior year, the company earned $0.78 EPS. The business's revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Zions Bancorporation, National Association will post 5.38 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders 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 dividend yield of 3.22%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association's payout ratio is 34.75%.

Analyst Ratings Changes

ZION has been the topic of several recent research reports. Stephens upped their price objective on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 22nd. Evercore ISI boosted their target price on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Barclays boosted their target price on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group raised 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 report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $60.71.

Insider Transactions at Zions Bancorporation, National Association

In related news, 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 transaction of $557,100.00. Following the completion of the sale, the executive vice president now directly owns 45,847 shares in the company, valued at $2,554,136.37. This represents a 17.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 value of $1,280,344.31. Following the sale, the executive vice president now owns 29,313 shares of the company's stock, valued at $1,655,305.11. This trade represents a 43.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,219 shares of company stock valued at $2,420,122. 2.22% of the stock is currently owned by corporate insiders.

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.