Salzhauer Michael Decreases Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Salzhauer Michael decreased its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 61.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp increased its position in Zions Bancorporation, National Association by 14.6% in 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 during the period. Vaughan Nelson Investment Management L.P. increased its position in Zions Bancorporation, National Association by 25.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank's stock valued at $126,762,000 after acquiring an additional 538,049 shares during the period. Wellington Management Group LLP acquired a new position in Zions Bancorporation, National Association in the 3rd quarter valued at approximately $24,647,000. Assenagon Asset Management S.A. increased its position in Zions Bancorporation, National Association by 124.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 290,165 shares of the bank's stock valued at $13,702,000 after acquiring an additional 161,118 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Zions Bancorporation, National Association by 3.1% in 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 during the period. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Down 0.0 %

Shares of Zions Bancorporation, National Association stock traded down $0.02 during trading hours on Thursday, reaching $55.45. The company's stock had a trading volume of 1,291,819 shares, compared to its average volume of 1,186,142. Zions Bancorporation, National Association has a one year low of $38.01 and a one year high of $63.22. The company has a market capitalization of $8.19 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.74 and a beta of 1.11. The stock's fifty day simple moving average is $56.37 and its two-hundred day simple moving average is $52.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating 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 firm had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. During the same period last year, the firm earned $0.78 earnings per share. The business's quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts forecast that Zions Bancorporation, National Association will post 5.26 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, February 13th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 34.75%.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the transaction, the executive vice president now directly owns 86,232 shares of the company's stock, valued at $5,265,325.92. This trade represents a 9.93 % 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. Over the last three months, insiders have sold 9,693 shares of company stock valued at $591,377. Corporate insiders own 2.22% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 22nd. Compass Point increased their price objective on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company increased their price objective on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $60.71.

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.