Xponance Inc. Sells 6,144 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Xponance Inc. trimmed its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 24.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,020 shares of the bank’s stock after selling 6,144 shares during the period. Xponance Inc.’s holdings in Zions Bancorporation, National Association were worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in ZION. SG Americas Securities LLC lifted its stake in shares of Zions Bancorporation, National Association by 177.5% in the third quarter. SG Americas Securities LLC now owns 28,418 shares of the bank’s stock valued at $992,000 after buying an additional 18,179 shares in the last quarter. DAVENPORT & Co LLC bought a new position in shares of Zions Bancorporation, National Association during the third quarter valued at about $209,000. Hennessy Advisors Inc. bought a new position in shares of Zions Bancorporation, National Association during the third quarter valued at about $628,000. Czech National Bank lifted its position in shares of Zions Bancorporation, National Association by 47.7% during the third quarter. Czech National Bank now owns 25,893 shares of the bank’s stock valued at $903,000 after purchasing an additional 8,360 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Zions Bancorporation, National Association by 3.4% during the third quarter. Commonwealth Equity Services LLC now owns 53,352 shares of the bank’s stock valued at $1,861,000 after purchasing an additional 1,762 shares in the last quarter. 76.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ZION shares. UBS Group dropped their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday. Wedbush dropped their price target on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. TheStreet raised shares of Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Barclays raised their price target on shares of Zions Bancorporation, National Association from $35.00 to $47.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.16.

Zions Bancorporation, National Association Price Performance

ZION opened at $41.27 on Friday. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 10.37 and a beta of 1.13. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $40.86 and a 200-day moving average price of $39.30. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Monday, April 22nd. The bank reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.04). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same quarter in the previous year, the business earned $1.33 EPS. Equities analysts expect that Zions Bancorporation, National Association will post 4.3 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were paid a $0.41 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 3.97%. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Steven Dan Stephens sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the transaction, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP A Scott Anderson sold 832 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total value of $32,647.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Steven Dan Stephens sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the completion of the sale, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The disclosure for this sale can be found here. Insiders sold 13,929 shares of company stock worth $563,778 over the last quarter. Corporate insiders own 2.22% of the company’s stock.

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.