GTS Securities LLC Sells 102,853 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

GTS Securities LLC decreased its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 92.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 filing with the SEC.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC lifted its holdings in Zions Bancorporation, National Association by 244.8% in the fourth quarter. SG Americas Securities LLC now owns 28,405 shares of the bank's stock worth $1,541,000 after acquiring an additional 20,167 shares during the last quarter. Blue Trust Inc. lifted its holdings in Zions Bancorporation, National Association by 42.0% in the fourth quarter. Blue Trust Inc. now owns 12,727 shares of the bank's stock worth $690,000 after acquiring an additional 3,765 shares during the last quarter. KBC Group NV lifted its holdings in Zions Bancorporation, National Association by 44.1% in the fourth quarter. KBC Group NV now owns 6,420 shares of the bank's stock worth $348,000 after acquiring an additional 1,965 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Zions Bancorporation, National Association by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 22,021 shares of the bank's stock worth $1,195,000 after acquiring an additional 423 shares during the last quarter. Finally, Nilsine Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $239,000. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Trading Down 0.4%

Zions Bancorporation, National Association stock traded down $0.21 during midday trading on Friday, reaching $47.52. The stock had a trading volume of 1,410,872 shares, compared to its average volume of 1,581,632. The firm's fifty day simple moving average is $46.15 and its two-hundred day simple moving average is $52.31. Zions Bancorporation, National Association has a twelve month low of $39.32 and a twelve 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 firm 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.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued 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. The company had revenue of $795.00 million during the quarter, compared to analyst estimates 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 last year, the business posted $0.96 EPS. Equities analysts anticipate that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, National Association announced that its board has initiated a stock repurchase plan on Monday, February 24th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the bank to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is currently 33.59%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZION. Keefe, Bruyette & Woods dropped their price target on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Argus upgraded shares of Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a research note on Monday, April 28th. Truist Financial assumed coverage on shares of Zions Bancorporation, National Association in a research note on Tuesday, May 13th. They set a "hold" rating and a $52.00 price objective on the stock. Robert W. Baird lowered their price objective on shares of Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Wall Street Zen lowered shares of Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Three investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $57.94.

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.