Two Sigma Investments LP Has $4.38 Million Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Two Sigma Investments LP lowered its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 70.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 80,716 shares of the bank's stock after selling 196,222 shares during the period. Two Sigma Investments LP owned 0.05% of Zions Bancorporation, National Association worth $4,379,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Tidal Investments LLC grew its position in Zions Bancorporation, National Association by 7.8% in the 4th quarter. Tidal Investments LLC now owns 5,718 shares of the bank's stock worth $310,000 after purchasing an additional 413 shares during the last quarter. State of Wyoming acquired a new position in shares of Zions Bancorporation, National Association during the fourth quarter worth approximately $180,000. ProShare Advisors LLC boosted its position in shares of Zions Bancorporation, National Association by 7.3% during the fourth quarter. ProShare Advisors LLC now owns 6,912 shares of the bank's stock worth $375,000 after buying an additional 473 shares during the period. Quantinno Capital Management LP grew its holdings in Zions Bancorporation, National Association by 48.8% in the 4th quarter. Quantinno Capital Management LP now owns 130,819 shares of the bank's stock worth $7,097,000 after buying an additional 42,874 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Zions Bancorporation, National Association in the 4th quarter valued at approximately $1,063,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ZION. Stephens reduced 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 report on Tuesday, April 22nd. Morgan Stanley decreased their target price on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada dropped their price target on shares of Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods lowered their price target on Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, 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. Three 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, Zions Bancorporation, National Association has a consensus rating of "Hold" and an average target price of $57.94.

Zions Bancorporation, National Association Stock Down 0.4%

Shares of Zions Bancorporation, National Association stock traded down $0.21 on Friday, hitting $47.52. 1,410,872 shares of the company traded hands, compared to its average volume of 1,582,140. Zions Bancorporation, National Association has a 12-month low of $39.32 and a 12-month high of $63.22. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The company has a market cap of $7.01 billion, a PE ratio of 9.60, a PEG ratio of 1.61 and a beta of 0.88. The company has a 50-day moving average price of $46.15 and a 200 day moving average price of $52.21.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping 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 company had revenue of $795.00 million during the quarter, compared to the consensus estimate of $792.49 million. During the same period in the previous year, the firm posted $0.96 earnings per share. Sell-side analysts predict that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association announced that its Board of Directors has approved a share buyback program on Monday, February 24th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the bank to buy up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid 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 dividend yield of 3.62%. Zions Bancorporation, National Association's payout ratio is presently 33.59%.

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.