Seizert Capital Partners LLC Sells 81,309 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Seizert Capital Partners LLC lessened its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 49.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,576 shares of the bank's stock after selling 81,309 shares during the quarter. Seizert Capital Partners LLC owned about 0.06% of Zions Bancorporation, National Association worth $4,480,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. State Street Corp grew its stake 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. Charles Schwab Investment Management Inc. lifted its stake in shares of Zions Bancorporation, National Association by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank's stock valued at $264,902,000 after buying an additional 194,995 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Zions Bancorporation, National Association by 0.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,698,530 shares of the bank's stock valued at $146,396,000 after acquiring an additional 14,070 shares during the period. Geode Capital Management LLC raised its holdings in Zions Bancorporation, National Association by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank's stock valued at $124,592,000 after acquiring an additional 30,030 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter worth approximately $24,647,000. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock traded down $0.95 during trading on Thursday, hitting $50.33. 1,578,664 shares of the stock were exchanged, compared to its average volume of 1,326,297. Zions Bancorporation, National Association has a 1-year low of $39.05 and a 1-year high of $63.22. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. The company has a fifty day moving average price of $55.80 and a 200-day moving average price of $53.55. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.

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 (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The firm had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. During the same quarter in the prior year, the company earned $0.78 earnings per share. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts predict that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, National Association announced that its Board of Directors has initiated a share buyback plan on Monday, February 24th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the bank to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association's dividend payout ratio is 34.75%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the completion of the sale, the executive vice president now owns 29,313 shares in the company, valued at approximately $1,655,305.11. This trade represents a 43.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association 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 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. Insiders sold 32,713 shares of company stock valued at $1,839,686 in the last quarter. 2.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZION. Wells Fargo & Company upped their price objective on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. Barclays lifted their price target on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a report on Wednesday, January 22nd. Royal Bank of Canada boosted their price target on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised 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 report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. decreased their price target on Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating on the stock 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $60.71.

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.