Two Sigma Advisers LP Sells 277,800 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Two Sigma Advisers LP trimmed its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 32.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 575,600 shares of the bank's stock after selling 277,800 shares during the period. Two Sigma Advisers LP owned about 0.39% of Zions Bancorporation, National Association worth $31,226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aaron Wealth Advisors LLC acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth $257,000. Diversify Wealth Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $201,000. Atomi Financial Group Inc. raised its stake in Zions Bancorporation, National Association by 9.7% during the 4th quarter. Atomi Financial Group Inc. now owns 6,026 shares of the bank's stock valued at $327,000 after acquiring an additional 534 shares in the last quarter. SG Americas Securities LLC raised 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 purchasing an additional 20,167 shares in the last quarter. Finally, Impact Partnership Wealth LLC lifted its stake in shares of Zions Bancorporation, National Association by 7.3% in the 4th quarter. Impact Partnership Wealth LLC now owns 6,117 shares of the bank's stock worth $332,000 after acquiring an additional 415 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. 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 report on Monday, April 28th. Wall Street Zen lowered Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a report on Thursday. Royal Bank of Canada decreased their price target on shares of 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. Stephens lowered their price target on Zions Bancorporation, National Association from $54.00 to $52.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company cut their target price on 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. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Zions Bancorporation, National Association currently has an average rating of "Hold" and a consensus target price of $57.94.

Zions Bancorporation, National Association Trading Down 0.8%

NASDAQ ZION traded down $0.38 during trading on Monday, reaching $46.58. 1,350,474 shares of the stock traded hands, compared to its average volume of 1,580,237. 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 has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. The stock's 50-day moving average price is $46.42 and its 200 day moving average price is $52.63. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth 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, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $795.00 million for the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $0.96 EPS. 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 initiated a share repurchase program on Monday, February 24th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the bank to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) 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.