Zions Bancorporation, National Association (NASDAQ:ZION) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC lifted its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 13.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 30,287 shares of the bank’s stock after acquiring an additional 3,613 shares during the period. Headlands Technologies LLC’s holdings in Zions Bancorporation, National Association were worth $1,643,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in Zions Bancorporation, National Association by 51.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after purchasing an additional 183 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Zions Bancorporation, National Association by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank’s stock worth $245,000 after buying an additional 224 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in Zions Bancorporation, National Association by 1.5% during the fourth quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank’s stock worth $937,000 after acquiring an additional 249 shares during the last quarter. Jackson Creek Investment Advisors LLC boosted its position in Zions Bancorporation, National Association by 3.3% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank’s stock worth $490,000 after acquiring an additional 285 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in Zions Bancorporation, National Association by 4.7% during the 4th quarter. Blair William & Co. IL now owns 6,713 shares of the bank’s stock valued at $364,000 after acquiring an additional 303 shares in the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada lifted 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. Keefe, Bruyette & Woods boosted their price objective on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 22nd. Stephens reaffirmed an “equal weight” rating and issued a $64.00 target price on shares of Zions Bancorporation, National Association in a research note on Wednesday, March 5th. Finally, DA Davidson boosted their price target on shares of 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. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and an average target price of $60.94.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Jennifer Anne Smith sold 22,673 shares of the stock in a transaction 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 transaction, the executive vice president now owns 29,313 shares of the company’s stock, valued at $1,655,305.11. This represents a 43.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Steven Dan Stephens sold 10,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 45,847 shares in the company, valued at approximately $2,554,136.37. This 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 valued at $1,839,686 in the last quarter. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.8 %

NASDAQ ZION opened at $49.48 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.61 and a beta of 1.10. The firm has a 50 day simple moving average of $53.30 and a 200-day simple moving average of $53.82. Zions Bancorporation, National Association has a one year low of $39.05 and a one year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued 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 company had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $787.70 million. During the same quarter last year, the company posted $0.78 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders 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 annualized dividend and a yield of 3.48%. 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 stock repurchase program on Monday, February 24th that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the bank to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.