37,246 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC bought a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 37,246 shares of the bank's stock, valued at approximately $2,021,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZION. Cerity Partners LLC increased its holdings in Zions Bancorporation, National Association by 27.7% in the 3rd quarter. Cerity Partners LLC now owns 30,787 shares of the bank's stock valued at $1,454,000 after buying an additional 6,683 shares during the period. Bank of Montreal Can raised its position in Zions Bancorporation, National Association by 35.6% in the third quarter. Bank of Montreal Can now owns 58,427 shares of the bank's stock worth $2,715,000 after purchasing an additional 15,354 shares in the last quarter. FMR LLC lifted its stake in Zions Bancorporation, National Association by 7.2% during the third quarter. FMR LLC now owns 282,205 shares of the bank's stock worth $13,326,000 after purchasing an additional 19,072 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Zions Bancorporation, National Association by 1.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 430,406 shares of the bank's stock valued at $20,324,000 after purchasing an additional 5,358 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter valued at approximately $638,000. 76.84% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 22,673 shares of the company'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 completion of the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Dan Stephens sold 10,000 shares of the 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 transaction, the executive vice president now owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. This trade represents a 17.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,029 shares of company stock valued at $1,855,321. 2.22% of the stock is owned by company insiders.

Analyst Ratings Changes

ZION has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group upgraded shares of 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 note on Tuesday, January 7th. UBS Group initiated 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 target price for the company. Compass Point lifted 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 report on Tuesday, December 10th. 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 on the stock in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $60.94.

Zions Bancorporation, National Association Trading Up 3.0 %

Shares of Zions Bancorporation, National Association stock traded up $1.26 on Monday, hitting $42.65. 6,208,820 shares of the company's stock traded hands, compared to its average volume of 1,574,410. Zions Bancorporation, National Association has a one year low of $39.05 and a one year high of $63.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $6.29 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The firm's 50-day moving average price is $52.22 and its two-hundred day moving average price is $53.74.

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, topping the consensus estimate 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 return on equity of 13.65% and a net margin of 15.70%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 EPS. On average, research analysts expect that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

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 repurchase up to 0.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.

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 issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 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.