EMC Capital Management Increases Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

EMC Capital Management raised its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 333.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,250 shares of the bank's stock after buying an additional 7,886 shares during the period. EMC Capital Management's holdings in Zions Bancorporation, National Association were worth $556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter valued at about $583,000. Cornercap Investment Counsel Inc. bought a new stake in Zions Bancorporation, National Association in the third quarter valued at approximately $510,000. Sequoia Financial Advisors LLC lifted its position in Zions Bancorporation, National Association by 1.9% in the third quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank's stock valued at $1,302,000 after purchasing an additional 506 shares during the last quarter. State Street Corp boosted its stake in shares of Zions Bancorporation, National Association by 14.6% during the third quarter. State Street Corp now owns 7,041,818 shares of the bank's stock valued at $332,515,000 after purchasing an additional 896,889 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Zions Bancorporation, National Association by 14.2% in the third quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank's stock worth $16,581,000 after purchasing an additional 43,720 shares during the last quarter. 76.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 3,605 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 24,714 shares of the company's stock, valued at approximately $1,434,894.84. This represents a 12.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction on 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 of the company's stock, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,496 shares of company stock worth $873,762 in the last quarter. Corporate insiders own 2.22% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on ZION. Compass Point increased 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 research report on Tuesday, December 10th. Keefe, Bruyette & Woods increased their target price 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. Robert W. Baird boosted their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, November 15th. Finally, DA Davidson boosted their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $60.71.

Zions Bancorporation, National Association Stock Down 2.6 %

Shares of NASDAQ ZION traded down $1.49 on Monday, reaching $56.37. 455,833 shares of the company's stock traded hands, compared to its average volume of 1,211,174. The business's 50 day simple moving average is $57.01 and its two-hundred day simple moving average is $52.50. Zions Bancorporation, National Association has a 12 month low of $38.01 and a 12 month high of $63.22. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 1.74 and a beta of 1.11. 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 posted its quarterly earnings data 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 company had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. During the same quarter last year, the company earned $0.78 EPS. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities research analysts forecast that Zions Bancorporation, National Association will post 5.23 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 13th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.05%. Zions Bancorporation, National Association's payout ratio 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.