Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lessened its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 22.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,344 shares of the bank's stock after selling 7,500 shares during the quarter. Ingalls & Snyder LLC's holdings in Zions Bancorporation, National Association were worth $1,375,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its holdings in Zions Bancorporation, National Association by 14.6% during the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank's stock valued at $332,515,000 after acquiring an additional 896,889 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Zions Bancorporation, National Association by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank's stock valued at $221,367,000 after acquiring an additional 140,084 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Zions Bancorporation, National Association by 0.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,698,530 shares of the bank's stock valued at $146,396,000 after acquiring an additional 14,070 shares in the last quarter. Geode Capital Management LLC increased its holdings in Zions Bancorporation, National Association by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank's stock valued at $124,592,000 after acquiring an additional 30,030 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Zions Bancorporation, National Association during the third quarter worth about $24,647,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were 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 in the company, valued at $2,554,136.37. The trade was a 17.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the sale, the executive vice president now 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 sold a total of 19,693 shares of company stock worth $1,148,477 over the last 90 days. Insiders own 2.22% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ZION. Wedbush lifted their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. 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. Evercore ISI lifted their price target on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Stephens lifted their price target on shares of Zions Bancorporation, National Association from $62.00 to $64.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 22nd. Finally, Robert W. Baird lifted their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $60.71.

Zions Bancorporation, National Association Stock Up 0.5 %

Shares of NASDAQ:ZION traded up $0.29 during midday trading on Monday, reaching $55.74. The company had a trading volume of 1,341,319 shares, compared to its average volume of 1,216,571. 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 stock's fifty day moving average price is $56.26 and its 200-day moving average price is $52.94. The stock has a market capitalization of $8.23 billion, a P/E ratio of 11.26, a PEG ratio of 1.74 and a beta of 1.11. Zions Bancorporation, National Association has a one year low of $38.01 and a one year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The business's revenue was up 12.2% compared to the same quarter last year. Equities research analysts expect that Zions Bancorporation, National Association will post 5.26 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.72 annualized dividend and a yield of 3.09%. 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.