Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. cut its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,354,475 shares of the bank's stock after selling 72,303 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.92% of Zions Bancorporation, National Association worth $73,480,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pinebridge Investments L.P. grew its holdings in Zions Bancorporation, National Association by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 53,114 shares of the bank's stock worth $2,881,000 after buying an additional 15,889 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Zions Bancorporation, National Association by 80.7% during the fourth quarter. Hsbc Holdings PLC now owns 37,888 shares of the bank's stock worth $2,059,000 after buying an additional 16,923 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Zions Bancorporation, National Association by 72.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,854 shares of the bank's stock valued at $969,000 after purchasing an additional 7,473 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in Zions Bancorporation, National Association by 40,000.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,025 shares of the bank's stock valued at $544,000 after purchasing an additional 10,000 shares during the period. Finally, Natixis bought a new position in Zions Bancorporation, National Association in the 4th quarter valued at $102,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION traded up $0.03 during midday trading on Tuesday, hitting $44.97. The company had a trading volume of 368,560 shares, compared to its average volume of 1,568,339. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.61 and a beta of 0.92. Zions Bancorporation, National Association has a 12-month low of $39.32 and a 12-month high of $63.22. The company has a fifty day moving average of $47.79 and a two-hundred day moving average of $53.30.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $792.49 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. During the same quarter in the prior year, the firm earned $0.96 EPS. On average, equities research analysts expect that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed 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 was Thursday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 3.82%. Zions Bancorporation, National Association's payout ratio is currently 33.59%.

Zions Bancorporation, National Association announced that its board has initiated a share repurchase plan on Monday, February 24th that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the bank to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ZION shares. Royal Bank of Canada reduced their price objective on Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Argus raised Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 price objective on the stock in a report on Monday. The Goldman Sachs Group raised 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 research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $58.76.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the 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 sale, the executive vice president now directly owns 29,313 shares of the company's stock, valued at $1,655,305.11. This represents a 43.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total value of $557,100.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,029 shares of company stock worth $1,855,321. 2.22% of the stock is currently owned by insiders.

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.