Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Salzhauer Michael

Salzhauer Michael lowered its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 61.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,200 shares of the bank's stock after selling 8,200 shares during the period. Salzhauer Michael's holdings in Zions Bancorporation, National Association were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Zions Bancorporation, National Association during the 4th quarter worth approximately $73,542,000. Boston Partners purchased a new position in shares of Zions Bancorporation, National Association in the fourth quarter worth about $33,961,000. Vanguard Group Inc. boosted its position in Zions Bancorporation, National Association by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock valued at $1,032,775,000 after buying an additional 285,588 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Zions Bancorporation, National Association by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank's stock worth $264,902,000 after buying an additional 194,995 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Zions Bancorporation, National Association during the 4th quarter valued at approximately $7,739,000. 76.84% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Jennifer Anne Smith sold 22,673 shares of Zions Bancorporation, National Association stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 29,313 shares of the company's stock, valued at approximately $1,655,305.11. The trade was a 43.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now directly owns 45,847 shares of the company's stock, valued at $2,554,136.37. The trade was a 17.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,029 shares of company stock valued at $1,855,321. Insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Stock Down 1.2 %

ZION stock traded down $0.51 during midday trading on Tuesday, reaching $43.11. 1,248,030 shares of the company were exchanged, compared to its average volume of 1,764,820. The stock's 50-day simple moving average is $48.95 and its 200 day simple moving average is $53.43. Zions Bancorporation, National Association has a 1-year low of $39.32 and a 1-year high of $63.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $795.00 million for the quarter, compared to analyst estimates of $792.49 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. During the same quarter last year, the company posted $0.96 earnings per share. On average, equities analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

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

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.72 annualized dividend and a yield of 3.99%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 34.75%.

Analyst Ratings Changes

A number of brokerages have recently commented on ZION. Keefe, Bruyette & Woods lowered their target price on Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Tuesday. The Goldman Sachs Group upgraded Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price objective for the company in a research report on Tuesday, January 7th. Royal Bank of Canada lowered their target price on Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lowered their price objective on Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Stephens lowered their price target on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and a consensus target price of $59.00.

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.