SG Americas Securities LLC grew its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 244.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,405 shares of the bank's stock after purchasing an additional 20,167 shares during the quarter. SG Americas Securities LLC's holdings in Zions Bancorporation, National Association were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its position in Zions Bancorporation, National Association by 1.9% during the 2nd quarter. Sei Investments Co. now owns 74,861 shares of the bank's stock worth $3,246,000 after buying an additional 1,394 shares in the last quarter. Algert Global LLC grew its stake in Zions Bancorporation, National Association by 19.4% in the second quarter. Algert Global LLC now owns 91,784 shares of the bank's stock valued at $3,981,000 after acquiring an additional 14,914 shares during the period. Creative Planning raised its holdings in Zions Bancorporation, National Association by 2.0% during the 2nd quarter. Creative Planning now owns 20,062 shares of the bank's stock worth $870,000 after buying an additional 386 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in Zions Bancorporation, National Association by 15.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 47,731 shares of the bank's stock valued at $2,070,000 after acquiring an additional 6,330 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Zions Bancorporation, National Association during the second quarter worth about $9,541,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.
Zions Bancorporation, National Association Stock Performance
Shares of NASDAQ:ZION traded down $0.03 during midday trading on Tuesday, hitting $57.77. The company had a trading volume of 1,018,929 shares, compared to its average volume of 1,287,684. The company has a fifty day moving average of $57.13 and a two-hundred day moving average of $52.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.81. Zions Bancorporation, National Association has a 12-month low of $37.76 and a 12-month high of $63.22. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 3.10 and a beta of 1.12.
Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) 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 business had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. During the same period last year, the firm posted $0.78 EPS. The company's revenue was up 12.2% on a year-over-year basis. On average, equities research analysts expect that Zions Bancorporation, National Association will post 4.96 EPS for the current fiscal year.
Zions Bancorporation, National Association Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.98%. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, November 14th. Zions Bancorporation, National Association's payout ratio is 34.75%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on ZION. Barclays upped their price target on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 22nd. Wedbush boosted their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their target price on shares of Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, January 22nd. UBS Group assumed coverage on Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They set a "neutral" rating and a $64.00 price objective for the company. Finally, Royal Bank of Canada upped their price target on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of "Hold" and an average price target of $60.71.
View Our Latest Research Report on ZION
Insider Buying and Selling
In related news, VP Eric Ellingsen sold 1,238 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the sale, the vice president now directly owns 35,878 shares of the company's stock, valued at approximately $2,182,817.52. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the completion of the sale, the executive vice president now directly owns 24,714 shares of the company's stock, valued at approximately $1,321,210.44. The trade was a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,881 shares of company stock valued at $1,108,184 over the last quarter. 2.22% of the stock is owned by corporate insiders.
About Zions Bancorporation, National Association
(
Free Report)
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.
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