19,600 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,600 shares of the bank's stock, valued at approximately $1,063,000.

A number of other large investors also recently modified their holdings of ZION. Fisher Asset Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $389,000. Strategic Financial Concepts LLC acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $2,538,000. Polymer Capital Management US LLC acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $229,000. SG Americas Securities LLC increased its stake in shares of Zions Bancorporation, National Association by 244.8% during the fourth quarter. SG Americas Securities LLC now owns 28,405 shares of the bank's stock valued at $1,541,000 after acquiring an additional 20,167 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Zions Bancorporation, National Association during the fourth quarter valued at approximately $4,237,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Trading Down 0.8%

Zions Bancorporation, National Association stock traded down $0.38 during midday trading on Friday, reaching $46.58. The stock had a trading volume of 1,350,474 shares, compared to its average volume of 1,580,237. The firm's fifty day simple moving average is $46.42 and its two-hundred day simple moving average is $52.67. 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 $6.87 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.61 and a beta of 0.88.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping 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 firm had revenue of $795.00 million during the quarter, compared to analyst estimates of $792.49 million. 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 share repurchase program 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 programs are often an indication that the company's leadership believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given 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 3.69%. Zions Bancorporation, National Association's payout ratio is 33.59%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ZION shares. Keefe, Bruyette & Woods lowered their price objective 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. Stephens lowered their price objective on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on shares of Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley lowered their price objective on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Finally, Argus upgraded shares of Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 price objective on the stock in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Zions Bancorporation, National Association has a consensus rating of "Hold" and a consensus price target of $57.94.

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.