Knights of Columbus Asset Advisors LLC Invests $466,000 in Zions Bancorporation, National Association (NASDAQ:ZION)

Knights of Columbus Asset Advisors LLC acquired a new stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 8,583 shares of the bank's stock, valued at approximately $466,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. grew its holdings in shares of Zions Bancorporation, National Association by 39.7% during the fourth quarter. Sei Investments Co. now owns 97,442 shares of the bank's stock valued at $5,286,000 after buying an additional 27,702 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Zions Bancorporation, National Association by 4.4% during the fourth quarter. American Century Companies Inc. now owns 534,647 shares of the bank's stock valued at $29,005,000 after purchasing an additional 22,367 shares in the last quarter. Millstone Evans Group LLC purchased a new position in Zions Bancorporation, National Association during the fourth quarter worth about $62,000. Teacher Retirement System of Texas grew its position in Zions Bancorporation, National Association by 38.0% in the 4th quarter. Teacher Retirement System of Texas now owns 45,326 shares of the bank's stock worth $2,459,000 after purchasing an additional 12,481 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Zions Bancorporation, National Association by 925.5% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 10,491 shares of the bank's stock worth $569,000 after buying an additional 9,468 shares in the last quarter. Institutional investors own 76.84% of the company's stock.

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Insider Buying and Selling

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the company's stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 in the company, valued at approximately $2,554,136.37. This represents a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,713 shares of company stock valued at $1,839,686 over the last quarter. 2.22% of the stock is owned by company insiders.

Zions Bancorporation, National Association Price Performance

Shares of ZION stock traded down $0.40 during trading hours on Thursday, hitting $50.26. 1,135,408 shares of the company's stock were exchanged, compared to its average volume of 1,491,523. Zions Bancorporation, National Association has a 12-month low of $39.05 and a 12-month high of $63.22. The company has a market capitalization of $7.42 billion, a PE ratio of 10.15, a PEG ratio of 1.61 and a beta of 1.10. The business's 50 day simple moving average is $53.97 and its 200-day simple moving average is $53.65. The company has a current ratio of 0.80, a quick 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 results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. During the same period last year, the company earned $0.78 EPS. Zions Bancorporation, National Association's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association declared that its board has authorized a stock buyback program on Monday, February 24th that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the bank to purchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.42%. Zions Bancorporation, National Association's dividend payout ratio is presently 34.75%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Stephens restated an "equal weight" rating and set a $64.00 price objective on shares of Zions Bancorporation, National Association in a report on Wednesday, March 5th. 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 research note on Tuesday, January 7th. The Goldman Sachs Group upgraded Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 target price on the stock in a research report on Tuesday, January 7th. Morgan Stanley dropped their price objective on Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Finally, UBS Group began coverage on Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They set a "neutral" rating and a $64.00 price target on the stock. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.18.

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.