Capital Fund Management S.A. Sells 132,245 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Capital Fund Management S.A. cut its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 62.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,934 shares of the bank's stock after selling 132,245 shares during the period. Capital Fund Management S.A. owned approximately 0.05% of Zions Bancorporation, National Association worth $4,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZION. EverSource Wealth Advisors LLC raised its stake in shares of 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. lifted its stake in Zions Bancorporation, National Association by 120.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock worth $49,000 after purchasing an additional 493 shares during the period. Millstone Evans Group LLC acquired a new stake in Zions Bancorporation, National Association during the fourth quarter valued at approximately $62,000. Whipplewood Advisors LLC bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at approximately $115,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Zions Bancorporation, National Association by 19.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,241 shares of the bank's stock worth $122,000 after buying an additional 368 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now directly owns 29,313 shares in the company, valued at $1,655,305.11. The trade was a 43.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on 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 $2,554,136.37. This represents 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 33,029 shares of company stock valued at $1,855,321. Insiders own 2.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ZION shares. Barclays boosted their price target on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a research note 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 for the company in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their target price on shares of Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a "market perform" rating in a research note on Wednesday, January 22nd. DA Davidson increased their price target 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. Finally, JPMorgan Chase & Co. cut 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 report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.81.

Zions Bancorporation, National Association Trading Up 2.1 %

Zions Bancorporation, National Association stock traded up $0.92 during midday trading on Friday, hitting $44.28. 1,796,599 shares of the stock were exchanged, compared to its average volume of 1,586,354. Zions Bancorporation, National Association has a 52 week low of $39.05 and a 52 week high of $63.22. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $6.53 billion, a PE ratio of 8.95, a P/E/G ratio of 1.61 and a beta of 0.92. The company has a fifty day simple moving average of $49.43 and a two-hundred day simple moving average of $53.37.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $787.70 million. During the same period in the previous year, the firm earned $0.78 EPS. Zions Bancorporation, National Association's quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

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

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.72 annualized dividend and a yield of 3.88%. Zions Bancorporation, National Association's payout ratio 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.