Wolverine Asset Management LLC Has $862,000 Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Wolverine Asset Management LLC reduced its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 54.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,890 shares of the bank's stock after selling 18,618 shares during the quarter. Wolverine Asset Management LLC's holdings in Zions Bancorporation, National Association were worth $862,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its stake in shares of Zions Bancorporation, National Association by 209.1% in the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank's stock worth $117,000 after purchasing an additional 1,671 shares in the last quarter. Brooklyn Investment Group bought a new position in Zions Bancorporation, National Association in the 3rd quarter valued at about $119,000. TD Private Client Wealth LLC increased its stake in Zions Bancorporation, National Association by 15.2% during the 3rd 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. Crewe Advisors LLC raised its position in shares of Zions Bancorporation, National Association by 24.9% during the 3rd quarter. Crewe Advisors LLC now owns 3,950 shares of the bank's stock worth $187,000 after buying an additional 787 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 4th quarter worth approximately $201,000. Institutional investors own 76.84% of the company's stock.

Insider Activity 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 stock was sold at an average price of $55.71, for a total value of $557,100.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 22,673 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total value of $1,280,344.31. Following the sale, the executive vice president now owns 29,313 shares of the company's stock, valued at approximately $1,655,305.11. This trade represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,713 shares of company stock valued at $1,839,686. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association Stock Up 0.9 %

Zions Bancorporation, National Association stock traded up $0.45 during mid-day trading on Wednesday, hitting $53.34. The company's stock had a trading volume of 2,443,291 shares, compared to its average volume of 1,274,569. Zions Bancorporation, National Association has a 52-week low of $38.01 and a 52-week high of $63.22. The company has a market cap of $7.88 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The firm's 50 day moving average is $55.87 and its 200 day moving average is $53.30.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating 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 business had revenue of $820.00 million for the quarter, compared to analysts' expectations of $787.70 million. During the same period in the previous year, the company posted $0.78 EPS. Zions Bancorporation, National Association's revenue was up 12.2% on a year-over-year basis. On average, 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 of Directors has approved a stock repurchase plan on Monday, February 24th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the bank to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Zions Bancorporation, National Association Announces Dividend

The company 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 of this dividend was Thursday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 3.22%. Zions Bancorporation, National Association's dividend payout ratio is 34.75%.

Analyst Ratings Changes

A number of research analysts recently commented on ZION shares. DA Davidson raised their price objective on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a "market perform" rating in a research report on Wednesday, January 22nd. Barclays upped their price objective 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. Wells Fargo & Company boosted their price target on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, November 15th. Finally, Stephens upped their price target on shares of Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an "equal weight" rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $60.71.

About Zions Bancorporation, National Association

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.