14,592 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Bought by Schroder Investment Management Group

Schroder Investment Management Group bought a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,592 shares of the bank's stock, valued at approximately $793,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of Zions Bancorporation, National Association in the 3rd quarter valued at approximately $583,000. Fisher Asset Management LLC purchased a new position in Zions Bancorporation, National Association during the 4th quarter valued at about $389,000. Strategic Financial Concepts LLC acquired a new position in shares of Zions Bancorporation, National Association during the 4th quarter worth approximately $2,538,000. State Street Corp raised its holdings in shares of Zions Bancorporation, National Association by 14.6% in the third quarter. State Street Corp now owns 7,041,818 shares of the bank's stock worth $332,515,000 after acquiring an additional 896,889 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Zions Bancorporation, National Association by 244.8% in the 4th quarter. SG Americas Securities LLC now owns 28,405 shares of the bank's stock valued at $1,541,000 after purchasing an additional 20,167 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION traded down $0.47 during mid-day trading on Friday, hitting $42.00. The company had a trading volume of 1,873,039 shares, compared to its average volume of 1,591,629. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.61 and a beta of 0.92. The firm's 50 day simple moving average is $50.53 and its two-hundred day simple moving average is $53.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, National Association has a 12 month low of $39.05 and a 12 month high of $63.22.

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Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $787.70 million. During the same quarter in the prior year, the firm earned $0.78 EPS. Zions Bancorporation, National Association's quarterly revenue was up 12.2% on a year-over-year basis. 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 has initiated a stock repurchase program on Monday, February 24th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the bank to buy up to 0.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board 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 given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association's payout ratio is 34.75%.

Insiders Place Their Bets

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 transaction, the executive vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of the stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,029 shares of company stock valued at $1,855,321 in the last three months. Insiders own 2.22% of the company's stock.

Wall Street Analysts Forecast Growth

ZION has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on 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. UBS Group initiated coverage on shares of 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. Barclays boosted their price objective on 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. Wells Fargo & Company decreased their target price on shares of Zions Bancorporation, National Association from $62.00 to $58.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Finally, Royal Bank of Canada raised 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 note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $61.81.

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.