Brevan Howard Capital Management LP Purchases 24,958 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Brevan Howard Capital Management LP increased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 115.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 raised its holdings in Zions Bancorporation, National Association by 128.1% during the 4th quarter. Covestor Ltd now owns 853 shares of the bank's stock worth $46,000 after buying an additional 479 shares during the period. SRS Capital Advisors Inc. lifted its stake in Zions Bancorporation, National Association by 120.8% in 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 acquired a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $62,000. Finally, Natixis bought a new stake in shares of Zions Bancorporation, National Association during the fourth quarter worth $102,000. 76.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ZION has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on shares of 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. Royal Bank of Canada decreased their price objective 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. JPMorgan Chase & Co. cut their target price on Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. DA Davidson raised their price target on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group upgraded shares of Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price objective on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of "Hold" and an average target price of $58.76.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $46.50 on Tuesday. The stock has a market cap of $6.86 billion, a PE ratio of 9.39, a P/E/G 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. The firm has a 50-day moving average of $47.01 and a 200-day moving average of $53.13. Zions Bancorporation, National Association has a 52-week low of $39.32 and a 52-week high of $63.22.

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, beating 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 during the quarter, compared to analysts' expectations of $792.49 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. On average, sell-side analysts anticipate that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.70%. Zions Bancorporation, National Association's payout ratio is 33.59%.

Zions Bancorporation, National Association announced that its board has authorized a stock repurchase 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Zions Bancorporation, National Association

In related news, 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 sale, the executive vice president now directly 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 document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 22,673 shares of the firm'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 transaction of $1,280,344.31. Following the completion of the sale, the executive vice president now owns 29,313 shares in the company, valued at $1,655,305.11. This represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,029 shares of company stock valued at $1,855,321. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association 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.

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