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

Two Sigma Investments LP lessened its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 70.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,716 shares of the bank's stock after selling 196,222 shares during the period. Two Sigma Investments LP owned approximately 0.05% of Zions Bancorporation, National Association worth $4,379,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Zions Bancorporation, National Association by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after acquiring an additional 183 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Zions Bancorporation, National Association by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank's stock worth $245,000 after acquiring an additional 224 shares in the last quarter. Jackson Creek Investment Advisors LLC increased its position in shares of Zions Bancorporation, National Association by 3.3% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank's stock worth $490,000 after acquiring an additional 285 shares in the last quarter. Blair William & Co. IL increased its position in shares of Zions Bancorporation, National Association by 4.7% during the fourth quarter. Blair William & Co. IL now owns 6,713 shares of the bank's stock worth $364,000 after acquiring an additional 303 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Zions Bancorporation, National Association by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,839 shares of the bank's stock worth $2,324,000 after acquiring an additional 322 shares in the last quarter. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION traded down $0.21 during mid-day trading on Friday, reaching $47.52. 1,410,872 shares of the company were exchanged, compared to its average volume of 1,581,632. The company's 50-day simple moving average is $46.15 and its 200-day simple moving average is $52.31. 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 stock has a market capitalization of $7.01 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.61 and a beta of 0.88. Zions Bancorporation, National Association has a twelve month low of $39.32 and a twelve month high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The company had revenue of $795.00 million during 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 quarter last year, the company posted $0.96 EPS. As a group, research 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 authorized a stock repurchase program on Monday, February 24th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the bank to buy up to 0.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently commented on ZION. Argus upgraded shares of Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a report on Monday, April 28th. Robert W. Baird reduced their target price on shares of Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company reduced their target price on shares of Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley reduced 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 report on Thursday, March 13th. Finally, Jefferies Financial Group began coverage on shares of Zions Bancorporation, National Association in a research note on Wednesday, May 21st. They issued an "underperform" rating and a $40.00 price target for the company. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association presently has an average rating of "Hold" and an average price target of $57.94.

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.