Capital Fund Management S.A. Has $4.23 Million Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Capital Fund Management S.A. lessened its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 62.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,934 shares of the bank's stock after selling 132,245 shares during the quarter. Capital Fund Management S.A. owned approximately 0.05% of Zions Bancorporation, National Association worth $4,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Stifel Financial Corp lifted its holdings in Zions Bancorporation, National Association by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 19,663 shares of the bank's stock valued at $928,000 after purchasing an additional 426 shares during the last quarter. National Bank of Canada FI raised its position in shares of Zions Bancorporation, National Association by 974.8% in the third quarter. National Bank of Canada FI now owns 4,342 shares of the bank's stock valued at $205,000 after purchasing an additional 3,938 shares during the period. MML Investors Services LLC acquired a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth about $224,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Zions Bancorporation, National Association by 2.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 56,660 shares of the bank's stock worth $2,675,000 after buying an additional 1,523 shares during the period. Finally, Geode Capital Management LLC grew its stake in Zions Bancorporation, National Association by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank's stock valued at $124,592,000 after buying an additional 30,030 shares during the last quarter. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION stock traded up $0.92 on Friday, hitting $44.28. 1,796,599 shares of the company's stock were exchanged, compared to its average volume of 1,584,045. Zions Bancorporation, National Association has a 12 month low of $39.05 and a 12 month high of $63.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50 day moving average of $49.18 and a 200 day moving average of $53.36. The stock has a market cap of $6.53 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.08. The firm had revenue of $820.00 million during the quarter, compared to analysts' expectations of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, equities research analysts predict that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association announced 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 outstanding shares. This repurchase authorization allows the bank to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 3.88%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 34.75%.

Insider Activity

In related news, 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 value of $1,280,344.31. Following the completion of the transaction, the executive vice president now owns 29,313 shares in the company, valued at $1,655,305.11. This trade represents a 43.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 in the company, valued at $2,554,136.37. The trade was a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,029 shares of company stock worth $1,855,321. Insiders own 2.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ZION shares. Stephens restated an "equal weight" rating and set a $64.00 price objective on shares of Zions Bancorporation, National Association in a research report on Wednesday, March 5th. DA Davidson boosted their price target on 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. Keefe, Bruyette & Woods upped their price objective on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, January 22nd. Wells Fargo & Company dropped their target price on Zions Bancorporation, National Association from $62.00 to $58.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Finally, The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 target price for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $61.81.

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.