Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. trimmed its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 50.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,000 shares of the bank’s stock after selling 21,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Zions Bancorporation, National Association were worth $1,139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth approximately $583,000. Cornercap Investment Counsel Inc. acquired a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth approximately $510,000. Sequoia Financial Advisors LLC raised its position in shares of Zions Bancorporation, National Association by 1.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock worth $1,302,000 after purchasing an additional 506 shares during the last quarter. State Street Corp raised its position in shares of Zions Bancorporation, National Association by 14.6% during the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock worth $332,515,000 after purchasing an additional 896,889 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in shares of Zions Bancorporation, National Association by 14.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank’s stock worth $16,581,000 after purchasing an additional 43,720 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total value of $1,280,344.31. Following the transaction, the executive vice president now owns 29,313 shares in the company, valued at $1,655,305.11. The trade was a 43.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steven Dan Stephens sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total transaction of $557,100.00. Following the completion of the transaction, the executive vice president now owns 45,847 shares in the company, valued at $2,554,136.37. This represents a 17.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 42,219 shares of company stock valued at $2,420,122. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Down 2.4 %

Shares of NASDAQ ZION opened at $55.12 on Friday. Zions Bancorporation, National Association has a 52-week low of $38.01 and a 52-week high of $63.22. The firm has a fifty day moving average of $56.11 and a 200-day moving average of $53.05. The stock has a market capitalization of $8.14 billion, a PE ratio of 11.14, a P/E/G ratio of 1.65 and a beta of 1.11. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping 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 firm had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $787.70 million. During the same period in the prior year, the company earned $0.78 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. On average, analysts anticipate that Zions Bancorporation, National Association will post 5.38 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.12%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 34.75%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Stephens lifted their price objective on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada lifted their target price on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Barclays lifted their target price on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 22nd. DA Davidson lifted their target price on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company 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.