Algert Global LLC Boosts Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Algert Global LLC boosted its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,179 shares of the bank's stock after acquiring an additional 13,395 shares during the period. Algert Global LLC owned 0.07% of Zions Bancorporation, National Association worth $5,706,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ZION. EverSource Wealth Advisors LLC increased its stake in Zions Bancorporation, National Association by 51.1% during 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. Covestor Ltd increased its position in shares of Zions Bancorporation, National Association by 128.1% in the 4th quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after acquiring an additional 479 shares during the period. SRS Capital Advisors Inc. raised its stake in Zions Bancorporation, National Association by 120.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock worth $49,000 after acquiring an additional 493 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in Zions Bancorporation, National Association during the 4th quarter worth about $62,000. Finally, Natixis purchased a new stake in Zions Bancorporation, National Association during the 4th quarter valued at about $102,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Trading Down 0.4 %

NASDAQ:ZION traded down $0.21 during trading hours on Friday, hitting $46.56. The company had a trading volume of 959,393 shares, compared to its average volume of 1,583,490. Zions Bancorporation, National Association has a 1 year low of $39.32 and a 1 year high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $46.46 and a 200 day moving average of $52.97. The company has a market cap of $6.87 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.61 and a beta of 0.88.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $792.49 million. During the same period in the previous year, the firm earned $0.96 earnings per share. Sell-side analysts expect that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.72 annualized dividend and a yield of 3.69%. Zions Bancorporation, National Association's payout ratio is 33.59%.

Zions Bancorporation, National Association declared that its board has authorized a stock repurchase plan on Monday, February 24th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the bank to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods dropped their target price on Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. DA Davidson raised their target price on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Morgan Stanley lowered their price target on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Barclays lifted their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a research note on Wednesday, January 22nd. Finally, Argus upgraded Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $58.76.

Insiders Place Their Bets

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 directly owns 29,313 shares in the company, valued at approximately $1,655,305.11. This represents a 43.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $557,100.00. Following the completion of the sale, the executive vice president now owns 45,847 shares of the company's stock, valued at $2,554,136.37. This trade represents a 17.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,029 shares of company stock valued at $1,855,321 over the last quarter. 2.22% of the stock is 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.