Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 21,774 shares of the bank’s stock after selling 581 shares during the period. Keybank National Association OH’s holdings in Zions Bancorporation, National Association were worth $1,181,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ZION. State Street Corp increased its holdings in Zions Bancorporation, National Association by 14.6% in the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock valued at $332,515,000 after purchasing an additional 896,889 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Zions Bancorporation, National Association by 25.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock worth $126,762,000 after buying an additional 538,049 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth about $24,647,000. Charles Schwab Investment Management Inc. boosted its position in shares of Zions Bancorporation, National Association by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank’s stock worth $264,902,000 after acquiring an additional 194,995 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth about $4,189,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.4 %

NASDAQ:ZION opened at $50.15 on Friday. The business’s 50-day moving average is $55.62 and its two-hundred day moving average is $53.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, National Association has a 12 month low of $39.05 and a 12 month high of $63.22. The firm has a market capitalization of $7.42 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data 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 return on equity of 13.65% and a net margin of 15.70%. The company had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. During the same period last year, the company posted $0.78 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. Research analysts predict that Zions Bancorporation, National Association will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association’s payout ratio is 34.75%.

Zions Bancorporation, National Association declared that its Board of Directors has initiated a stock buyback program on Monday, February 24th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the bank to repurchase up to 0.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ZION shares. 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. DA Davidson upped their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada increased their price objective on 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. Compass Point increased their target price on 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. Finally, UBS Group started coverage on Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They set a “neutral” rating and a $64.00 target price for the company. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.71.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of Zions Bancorporation, National Association stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 29,313 shares in the company, valued at $1,655,305.11. The trade was a 43.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total value of $557,100.00. Following the completion of the transaction, the executive vice president now owns 45,847 shares of the company’s stock, valued at approximately $2,554,136.37. The trade was a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,713 shares of company stock valued at $1,839,686. 2.22% of the stock is currently owned by insiders.

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.