Inceptionr LLC Invests $544,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Inceptionr LLC bought a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,028 shares of the bank's stock, valued at approximately $544,000.

A number of other hedge funds also recently bought and sold shares of the company. SRS Capital Advisors Inc. lifted its position in shares of Zions Bancorporation, National Association by 120.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock worth $49,000 after purchasing an additional 493 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Zions Bancorporation, National Association in the 4th quarter worth $115,000. Venturi Wealth Management LLC increased its holdings in shares of 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 worth $117,000 after purchasing an additional 1,671 shares during the period. Brooklyn Investment Group bought a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth about $119,000. Finally, Smartleaf Asset Management LLC raised its position in shares of 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 valued at $122,000 after buying an additional 368 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Price Performance

Shares of Zions Bancorporation, National Association stock traded up $0.61 during midday trading on Wednesday, reaching $47.94. The company had a trading volume of 1,700,433 shares, compared to its average volume of 1,387,495. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. Zions Bancorporation, National Association has a 1-year low of $39.05 and a 1-year high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $55.25 and a 200 day simple moving average of $53.61.

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Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.08. The firm had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The company's revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. As a group, equities research analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association declared that its Board of Directors has initiated a stock repurchase plan on Monday, February 24th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the bank to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors 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 annualized dividend and a yield of 3.59%. Zions Bancorporation, National Association's dividend payout ratio is currently 34.75%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the transaction, the executive vice president now owns 29,313 shares in the company, valued at approximately $1,655,305.11. This trade represents a 43.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven Dan Stephens sold 10,000 shares of the company's 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 sale, the executive vice president now directly owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. This trade represents 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 have sold 32,713 shares of company stock valued at $1,839,686. 2.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ZION. DA Davidson upped their price target on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Royal Bank of Canada boosted their price objective on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 22nd. UBS Group began coverage on Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $64.00 target price for the company. Barclays lifted their price target on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $60.71.

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.