619,087 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Bought by Boston Partners

Boston Partners bought a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 619,087 shares of the bank's stock, valued at approximately $33,961,000. Boston Partners owned 0.42% of Zions Bancorporation, National Association as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Zions Bancorporation, National Association by 51.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock valued at $29,000 after buying an additional 183 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of Zions Bancorporation, National Association by 120.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock valued at $49,000 after purchasing an additional 493 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at $115,000. Brooklyn Investment Group purchased a new stake in Zions Bancorporation, National Association during the 3rd quarter worth about $119,000. Finally, Smartleaf Asset Management LLC grew its holdings in Zions Bancorporation, National Association by 19.6% during 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.

Zions Bancorporation, National Association Trading Up 2.6 %

ZION stock traded up $1.31 during trading on Monday, hitting $50.82. 1,496,164 shares of the company traded hands, compared to its average volume of 1,495,121. The company has a 50-day moving average of $54.30 and a 200-day moving average of $53.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a 1 year low of $39.05 and a 1 year high of $63.22. The firm has a market capitalization of $7.52 billion, a PE ratio of 10.27, a P/E/G ratio of 1.61 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted 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. The company had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 EPS. Analysts predict that Zions Bancorporation, National Association will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

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 annualized dividend and a dividend yield of 3.38%. Zions Bancorporation, National Association's payout ratio is presently 34.75%.

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

Wall Street Analyst Weigh In

ZION has been the subject of a number of analyst reports. Morgan Stanley cut 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 research report on Thursday, March 13th. 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 for the company in a report on Tuesday, January 7th. Stephens reaffirmed an "equal weight" rating and issued a $64.00 price target on shares of Zions Bancorporation, National Association in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price objective 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. Finally, DA Davidson boosted their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association has an average rating of "Hold" and a consensus price target of $61.18.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 10,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 45,847 shares in the company, valued at $2,554,136.37. This represents a 17.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 22,673 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the completion of the sale, the executive vice president now owns 29,313 shares in the company, valued at approximately $1,655,305.11. This trade represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,713 shares of company stock worth $1,839,686 in the last 90 days. Company insiders own 2.22% of the company's stock.

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.