Zions Bancorporation, National Association (NASDAQ:ZION) Stock Position Lessened by Cetera Investment Advisers

Cetera Investment Advisers decreased its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,541 shares of the bank’s stock after selling 1,615 shares during the quarter. Cetera Investment Advisers’ holdings in Zions Bancorporation, National Association were worth $1,874,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Zions Bancorporation, National Association by 51.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock worth $29,000 after purchasing an additional 183 shares in the last quarter. Covestor Ltd grew its stake in shares of Zions Bancorporation, National Association by 128.1% in the fourth quarter. Covestor Ltd now owns 853 shares of the bank’s stock worth $46,000 after purchasing an additional 479 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Zions Bancorporation, National Association by 120.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock valued at $49,000 after buying an additional 493 shares in the last quarter. Millstone Evans Group LLC bought a new position in Zions Bancorporation, National Association during the fourth quarter valued at about $62,000. Finally, Natixis bought a new position in Zions Bancorporation, National Association during the fourth quarter valued at about $102,000. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Down 0.3%

Shares of Zions Bancorporation, National Association stock opened at $49.08 on Tuesday. The stock has a 50-day moving average price of $46.50 and a 200 day moving average price of $52.86. The company has a market cap of $7.24 billion, a P/E ratio of 9.92, a P/E/G ratio of 1.61 and a beta of 0.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a 1 year low of $39.32 and a 1 year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $795.00 million during the quarter, compared to the consensus estimate of $792.49 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. During the same period in the prior year, the business earned $0.96 EPS. As a group, analysts expect that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

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

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 33.59%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ZION shares. Argus raised Zions Bancorporation, National Association from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Monday, April 28th. Royal Bank of Canada decreased their target price on Zions Bancorporation, National Association from $63.00 to $53.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 22nd. Stephens decreased their target price on Zions Bancorporation, National Association from $54.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Keefe, Bruyette & Woods decreased their target price on Zions Bancorporation, National Association from $65.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their target price on Zions Bancorporation, National Association from $58.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $58.47.

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.