Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,489 shares of the bank’s stock after buying an additional 1,389 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zions Bancorporation, National Association were worth $1,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ZION. Versant Capital Management Inc raised its stake in Zions Bancorporation, National Association by 4,613.3% in the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after buying an additional 2,076 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Zions Bancorporation, National Association by 15.5% in the third quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank’s stock valued at $122,000 after buying an additional 469 shares in the last quarter. EMC Capital Management acquired a new stake in Zions Bancorporation, National Association in the third quarter valued at $126,000. Covestor Ltd raised its stake in Zions Bancorporation, National Association by 22.7% in the third quarter. Covestor Ltd now owns 4,367 shares of the bank’s stock valued at $152,000 after buying an additional 809 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Zions Bancorporation, National Association in the third quarter valued at $194,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Price Performance

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

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

Zions Bancorporation, National Association Dividend Announcement

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

Insider Activity

In other news, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association 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 approximately $1,797,925.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association 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 approximately $1,797,925.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Mark Richard Young sold 5,597 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $40.21, for a total transaction of $225,055.37. Following the sale, the vice president now owns 12,133 shares of the company’s stock, valued at $487,867.93. The disclosure for this sale can be found here. In the last three months, insiders sold 13,929 shares of company stock worth $563,778. Company insiders own 2.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ZION shares. TheStreet raised Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft started coverage on Zions Bancorporation, National Association in a report on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Morgan Stanley raised their price objective on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an “underweight” rating in a report on Wednesday, February 7th. Finally, Jefferies Financial Group dropped their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.16.

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.