GTS Securities LLC Decreases Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

GTS Securities LLC lessened its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 92.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,739 shares of the bank's stock after selling 102,853 shares during the period. GTS Securities LLC's holdings in Zions Bancorporation, National Association were worth $474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Zions Bancorporation, National Association by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock valued at $1,032,775,000 after purchasing an additional 285,588 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Zions Bancorporation, National Association by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,807,221 shares of the bank's stock valued at $369,295,000 after purchasing an additional 175,656 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Zions Bancorporation, National Association by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank's stock valued at $264,902,000 after purchasing an additional 194,995 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Zions Bancorporation, National Association by 0.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,698,530 shares of the bank's stock valued at $146,396,000 after purchasing an additional 14,070 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Zions Bancorporation, National Association by 20.8% during the fourth quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after purchasing an additional 390,601 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company's stock.

Analyst Ratings Changes

ZION has been the topic of several analyst reports. Robert W. Baird decreased their price objective on Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on Zions Bancorporation, National Association in a report on Wednesday, May 21st. They issued an "underperform" rating and a $40.00 price objective on the stock. Argus upgraded Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 price objective on the stock in a report on Monday, April 28th. Morgan Stanley decreased their price objective on 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. Finally, Wells Fargo & Company decreased their price objective on Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of "Hold" and a consensus target price of $57.94.

Zions Bancorporation, National Association Stock Down 0.4%

Shares of ZION stock traded down $0.21 during trading hours on Friday, hitting $47.52. 1,410,872 shares of the company's stock traded hands, compared to its average volume of 1,582,140. The stock's fifty day simple moving average is $46.15 and its two-hundred day simple moving average is $52.21. Zions Bancorporation, National Association has a 12-month low of $39.32 and a 12-month high of $63.22. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.61 and a beta of 0.88. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $795.00 million during the quarter, compared to analyst estimates of $792.49 million. During the same period last year, the business earned $0.96 earnings per share. On average, analysts expect that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association declared that its Board of Directors has authorized a share repurchase program 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 stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a yield of 3.62%. Zions Bancorporation, National Association's payout ratio is currently 33.59%.

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.