25,470 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,470 shares of the bank's stock, valued at approximately $1,382,000.

Several other large investors have also recently bought and sold shares of the business. SRS Capital Advisors Inc. raised its holdings in shares of 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 acquiring an additional 493 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth $115,000. Smartleaf Asset Management LLC increased its position in Zions Bancorporation, National Association by 19.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,241 shares of the bank's stock worth $122,000 after acquiring an additional 368 shares during the period. Venturi Wealth Management LLC raised its stake in Zions Bancorporation, National Association by 209.1% during 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 last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Zions Bancorporation, National Association during the third quarter valued at about $119,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Steven Dan Stephens sold 10,000 shares of the 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 sale, the executive vice president now owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. This represents a 17.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jennifer Anne Smith sold 22,673 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders sold a total of 32,713 shares of company stock worth $1,839,686 in the last quarter. 2.22% of the stock is owned by company insiders.

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Zions Bancorporation, National Association Trading Up 2.7 %

Shares of ZION stock traded up $1.26 during trading hours on Wednesday, hitting $48.59. 704,357 shares of the company's stock traded hands, compared to its average volume of 1,375,465. 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 has a 12 month low of $39.05 and a 12 month high of $63.22. The stock has a market cap of $7.19 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. The stock's 50 day simple moving average is $55.25 and its 200 day simple moving average is $53.61.

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, topping analysts' consensus estimates of $1.26 by $0.08. The business had revenue of $820.00 million during the quarter, compared to analysts' expectations of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business's quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. On average, sell-side analysts anticipate that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association declared that its Board of Directors has approved a share repurchase plan 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 shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 3.54%. Zions Bancorporation, National Association's payout ratio is 34.75%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company raised their target price on 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. Royal Bank of Canada upped their target price on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. 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. Stephens reaffirmed an "equal weight" rating and set a $64.00 price objective on shares of Zions Bancorporation, National Association in a research note on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a "market perform" rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $60.71.

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.