Sei Investments Co. Has $5.29 Million Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Sei Investments Co. raised its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 39.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,442 shares of the bank's stock after buying an additional 27,702 shares during the quarter. Sei Investments Co. owned 0.07% of Zions Bancorporation, National Association worth $5,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its stake in Zions Bancorporation, National Association by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after acquiring an additional 183 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in Zions Bancorporation, National Association by 120.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock worth $49,000 after buying an additional 493 shares during the period. Millstone Evans Group LLC bought a new position in Zions Bancorporation, National Association during the fourth quarter worth about $62,000. Whipplewood Advisors LLC acquired a new position in Zions Bancorporation, National Association in the fourth quarter valued at about $115,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 19.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,241 shares of the bank's stock valued at $122,000 after purchasing an additional 368 shares in the last quarter. Institutional investors own 76.84% of the company's stock.

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Insider Activity

In other news, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total transaction of $557,100.00. Following the sale, the executive vice president now directly owns 45,847 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of Zions Bancorporation, National Association stock in a transaction that occurred 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 sale, the executive vice president now owns 29,313 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 33,029 shares of company stock worth $1,855,321. Insiders own 2.22% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ZION shares. JPMorgan Chase & Co. reduced their price target on shares of 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. Wells Fargo & Company cut their price target on Zions Bancorporation, National Association from $62.00 to $58.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Stephens reiterated 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. Compass Point lifted their target price on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group raised Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price target for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of "Hold" and a consensus price target of $60.94.

Zions Bancorporation, National Association Price Performance

Shares of Zions Bancorporation, National Association stock traded down $6.63 during trading on Thursday, reaching $43.81. 3,190,546 shares of the company's stock were exchanged, compared to its average volume of 1,548,356. 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 has a 1-year low of $39.05 and a 1-year high of $63.22. The company has a market cap of $6.46 billion, a P/E ratio of 8.85, a PEG ratio of 1.61 and a beta of 1.10. The firm's 50-day moving average price is $52.87 and its 200 day moving average price is $53.73.

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 for the quarter, beating analysts' consensus estimates of $1.26 by $0.08. The company had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. As a group, 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 approved a share 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 purchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders 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 annualized dividend and a dividend yield of 3.93%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 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.