Brevan Howard Capital Management LP Has $2.53 Million Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Brevan Howard Capital Management LP raised its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 115.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,657 shares of the bank's stock after buying an additional 24,958 shares during the quarter. Brevan Howard Capital Management LP's holdings in Zions Bancorporation, National Association were worth $2,531,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC boosted 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 valued at $29,000 after purchasing an additional 183 shares during the period. CIBC Asset Management Inc raised its position in shares of Zions Bancorporation, National Association by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank's stock valued at $245,000 after purchasing an additional 224 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Zions Bancorporation, National Association by 1.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank's stock valued at $937,000 after buying an additional 249 shares during the last quarter. Jackson Creek Investment Advisors LLC grew its position in shares of Zions Bancorporation, National Association by 3.3% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank's stock worth $490,000 after buying an additional 285 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in Zions Bancorporation, National Association by 4.7% in the fourth quarter. Blair William & Co. IL now owns 6,713 shares of the bank's stock valued at $364,000 after acquiring an additional 303 shares in the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Steven Dan Stephens sold 10,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total value of $557,100.00. Following the completion of the transaction, the executive vice president now directly owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. This trade represents a 17.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. This represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,029 shares of company stock valued at $1,855,321 in the last quarter. Company insiders own 2.22% of the company's stock.

Analysts Set New Price Targets

ZION has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price target on Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their target price 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. Barclays increased their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an "underweight" rating in a report on Wednesday, January 22nd. DA Davidson raised their price objective on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Finally, Robert W. Baird reduced their price objective on shares of Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $58.76.

Zions Bancorporation, National Association Price Performance

Zions Bancorporation, National Association stock traded down $0.21 on Friday, reaching $46.56. The company's stock had a trading volume of 959,393 shares, compared to its average volume of 1,583,490. The business's fifty day moving average price is $46.46 and its 200 day moving average price is $52.97. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.61 and a beta of 0.88. 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 twelve month low of $39.32 and a twelve month high of $63.22.

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

Zions Bancorporation, National Association declared that its Board of Directors has approved a stock buyback plan on Monday, February 24th that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the bank to buy 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 shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

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

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.