Clear Creek Financial Management LLC Has $442,000 Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Clear Creek Financial Management LLC cut its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 36.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,143 shares of the bank's stock after selling 4,708 shares during the quarter. Clear Creek Financial Management LLC's holdings in Zions Bancorporation, National Association were worth $442,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ZION. ORG Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association in the third quarter valued at $28,000. Venturi Wealth Management LLC boosted its position in shares of Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank's stock valued at $117,000 after purchasing an additional 1,671 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter valued at about $119,000. TD Private Client Wealth LLC increased its position in Zions Bancorporation, National Association by 15.2% during the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank's stock worth $134,000 after buying an additional 375 shares during the period. Finally, Centaurus Financial Inc. lifted its stake in Zions Bancorporation, National Association by 8.3% in the second quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank's stock valued at $170,000 after buying an additional 299 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Price Performance

NASDAQ ZION traded up $0.84 during mid-day trading on Thursday, hitting $58.27. The stock had a trading volume of 1,170,337 shares, compared to its average volume of 1,221,981. The company has a 50 day simple moving average of $56.71 and a 200 day simple moving average of $52.68. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 1.74 and a beta of 1.11. Zions Bancorporation, National Association has a 52-week low of $38.01 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.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $787.70 million. During the same quarter last year, the business posted $0.78 earnings per share. The business's revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts forecast that Zions Bancorporation, National Association will post 5.23 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, February 13th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 34.75%.

Wall Street Analysts Forecast Growth

ZION has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, November 15th. Robert W. Baird raised their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upped their target price on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a "sector perform" rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price target on Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Finally, Stephens increased their price objective on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 22nd. One equities research 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 MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $60.71.

Insiders Place Their Bets

In related news, EVP Jennifer Anne Smith sold 3,605 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,434,894.84. This represents a 12.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul E. Burdiss sold 9,506 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the sale, the executive vice president now directly owns 86,232 shares in the company, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,496 shares of company stock valued at $873,762. Corporate 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.