Bayesian Capital Management LP Buys Shares of 18,038 Zions Bancorporation, National Association (NASDAQ:ZION)

Bayesian Capital Management LP acquired a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,038 shares of the bank's stock, valued at approximately $979,000.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in Zions Bancorporation, National Association by 413.0% in the 4th quarter. BNP Paribas Financial Markets now owns 483,363 shares of the bank's stock worth $26,222,000 after buying an additional 389,148 shares during the period. Algert Global LLC lifted its stake in Zions Bancorporation, National Association by 14.6% during the 4th quarter. Algert Global LLC now owns 105,179 shares of the bank's stock valued at $5,706,000 after acquiring an additional 13,395 shares during the period. AXA S.A. boosted its holdings in shares of Zions Bancorporation, National Association by 243.8% in the 4th quarter. AXA S.A. now owns 142,089 shares of the bank's stock valued at $7,708,000 after acquiring an additional 100,759 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth $241,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Zions Bancorporation, National Association during the fourth quarter worth $51,116,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION traded down $0.21 during trading on Friday, reaching $46.56. The stock had a trading volume of 959,393 shares, compared to its average volume of 1,581,401. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a 1-year low of $39.32 and a 1-year high of $63.22. The stock has a market cap of $6.87 billion, a PE ratio of 9.41, a PEG ratio of 1.61 and a beta of 0.88. The business has a fifty day moving average price of $46.46 and a 200-day moving average price of $52.96.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its earnings results 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 company had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. During the same quarter in the previous year, the company posted $0.96 EPS. On average, equities analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

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

Zions Bancorporation, National Association declared that its Board of Directors has authorized a stock repurchase program on Monday, February 24th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the bank to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company cut their price target on Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Argus upgraded Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 price target for the company in a research report on Monday, April 28th. Barclays upped their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 22nd. DA Davidson lifted their target price on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods decreased their target price on shares of 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. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $58.76.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the transaction, the executive vice president now owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. The trade was a 17.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 22,673 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the sale, the executive vice president now owns 29,313 shares of the company's stock, valued at approximately $1,655,305.11. The trade was a 43.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,029 shares of company stock worth $1,855,321 in the last ninety days. Insiders own 2.22% of the company's stock.

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.