Los Angeles Capital Management LLC Decreases Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Los Angeles Capital Management LLC lowered its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 348,830 shares of the bank’s stock after selling 2,318 shares during the period. Los Angeles Capital Management LLC’s holdings in Zions Bancorporation, National Association were worth $18,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its position 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 valued at $117,000 after buying an additional 1,671 shares during the last quarter. Brooklyn Investment Group acquired a new position in Zions Bancorporation, National Association during the third quarter worth approximately $119,000. TD Private Client Wealth LLC increased its position in 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 worth $134,000 after purchasing an additional 375 shares during the last quarter. Crewe Advisors LLC increased its position in Zions Bancorporation, National Association by 24.9% during the third quarter. Crewe Advisors LLC now owns 3,950 shares of the bank’s stock worth $187,000 after purchasing an additional 787 shares during the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in Zions Bancorporation, National Association during the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Analyst Ratings Changes

ZION has been the subject of several research analyst reports. 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 research report on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Compass Point boosted their price objective on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Evercore ISI boosted their price objective on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Stephens boosted their price objective on shares of Zions Bancorporation, National Association from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and a consensus price target of $60.71.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the stock in a transaction on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Dan Stephens sold 10,000 shares of the 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 sale, the executive vice president now directly owns 45,847 shares in the company, valued at $2,554,136.37. This trade represents a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,713 shares of company stock worth $1,839,686 in the last ninety days. 2.22% of the stock is owned by insiders.

Zions Bancorporation, National Association Trading Up 0.1 %

NASDAQ ZION opened at $52.89 on Wednesday. Zions Bancorporation, National Association has a 12 month low of $38.01 and a 12 month high of $63.22. 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 company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. The company’s fifty day moving average price is $55.87 and its two-hundred day moving average price is $53.30.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 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 firm had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. During the same period in the prior year, the firm posted $0.78 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Zions Bancorporation, National Association will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th were paid 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 yield of 3.25%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 34.75%.

Zions Bancorporation, National Association announced that its Board of Directors has authorized a share buyback program on Monday, February 24th that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the bank to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.