Dimensional Fund Advisors LP Acquires 175,656 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Dimensional Fund Advisors LP increased its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,807,221 shares of the bank's stock after acquiring an additional 175,656 shares during the period. Dimensional Fund Advisors LP owned about 4.61% of Zions Bancorporation, National Association worth $369,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP lifted its holdings in Zions Bancorporation, National Association by 20.8% in the 4th quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after purchasing an additional 390,601 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Zions Bancorporation, National Association by 0.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 130,959 shares of the bank's stock worth $7,100,000 after purchasing an additional 350 shares during the period. Farringdon Capital Ltd. purchased a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at $390,000. Mariner LLC boosted its stake in shares of Zions Bancorporation, National Association by 4.9% in the fourth quarter. Mariner LLC now owns 46,349 shares of the bank's stock valued at $2,514,000 after purchasing an additional 2,165 shares during the period. Finally, Townsquare Capital LLC increased its holdings in Zions Bancorporation, National Association by 7.7% during the 4th quarter. Townsquare Capital LLC now owns 27,988 shares of the bank's stock worth $1,518,000 after purchasing an additional 2,008 shares during the period. Hedge funds and other institutional investors own 76.84% of the company's stock.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 29,313 shares in the company, valued at $1,655,305.11. This trade represents a 43.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Dan Stephens sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total value of $557,100.00. Following the sale, the executive vice president now directly owns 45,847 shares of the company's stock, valued at $2,554,136.37. The trade was 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 worth $1,855,321. Corporate insiders own 2.22% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on ZION shares. Keefe, Bruyette & Woods cut their price target on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Tuesday. Robert W. Baird lowered their target price on Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating on the stock in a report on Tuesday. 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. The Goldman Sachs Group upgraded 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. Finally, Wells Fargo & Company lowered their target price on shares of Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of "Hold" and a consensus target price of $59.00.

Zions Bancorporation, National Association Stock Up 2.8 %

Shares of NASDAQ:ZION traded up $1.19 during midday trading on Wednesday, reaching $44.32. The company had a trading volume of 2,005,671 shares, compared to its average volume of 1,576,856. Zions Bancorporation, National Association has a 1-year low of $39.32 and a 1-year high of $63.22. The stock has a market cap of $6.54 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 quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The business's 50 day moving average price is $48.70 and its 200 day moving average price is $53.36.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. The business had revenue of $795.00 million during the quarter, compared to analysts' expectations of $792.49 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. During the same period last year, the firm posted $0.96 EPS. Research analysts forecast 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 initiated a share repurchase program on Monday, February 24th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the bank to buy up to 0.5% of its shares through open market purchases. Shares buyback programs are often 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. Stockholders of record on Thursday, February 13th were issued a $0.43 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.88%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is currently 34.75%.

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.