Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Versor Investments LP

Versor Investments LP trimmed its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,927 shares of the bank's stock after selling 8,500 shares during the quarter. Versor Investments LP's holdings in Zions Bancorporation, National Association were worth $484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in Zions Bancorporation, National Association in the 4th quarter valued at about $115,000. Venturi Wealth Management LLC grew its holdings in shares of Zions Bancorporation, National Association by 209.1% during the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank's stock worth $117,000 after buying an additional 1,671 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Zions Bancorporation, National Association in the third quarter valued at approximately $119,000. TD Private Client Wealth LLC lifted its stake in shares of Zions Bancorporation, National Association by 15.2% during the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank's stock valued at $134,000 after buying an additional 375 shares during the period. Finally, Diversify Wealth Management LLC acquired a new stake in Zions Bancorporation, National Association during the fourth quarter worth approximately $201,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Performance

ZION traded up $0.25 during trading on Wednesday, reaching $51.28. 1,842,446 shares of the company were exchanged, compared to its average volume of 1,320,289. Zions Bancorporation, National Association has a 52 week low of $39.05 and a 52 week high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $55.80 and a 200 day moving average of $53.55. The stock has a market cap of $7.58 billion, a P/E ratio of 10.36, a PEG ratio of 1.61 and a beta of 1.11.

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Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly 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. The business had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. On average, sell-side analysts forecast that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, National Association declared that its Board of Directors has authorized a stock buyback plan on Monday, February 24th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the bank to reacquire up to 0.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership 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. 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 dividend on an annualized basis and a dividend yield of 3.35%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 34.75%.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 22,673 shares of the company's 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 completion of the sale, the executive vice president now directly owns 29,313 shares of the company's stock, 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. Over the last three months, insiders sold 32,713 shares of company stock worth $1,839,686. Company insiders own 2.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ZION shares. Barclays boosted their price target on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a report on Wednesday, January 22nd. UBS Group began coverage on Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They set a "neutral" rating and a $64.00 target price on the stock. Royal Bank of Canada lifted their price target on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a "sector perform" rating in a report on Wednesday, January 22nd. Stephens reissued an "equal weight" rating and issued a $64.00 target price on shares of Zions Bancorporation, National Association in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price 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. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.