Zions Bancorporation, National Association (NASDAQ:ZION) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 80.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,888 shares of the bank's stock after buying an additional 16,923 shares during the quarter. Hsbc Holdings PLC's holdings in Zions Bancorporation, National Association were worth $2,059,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ZION. Norges Bank purchased a new stake in Zions Bancorporation, National Association in the fourth quarter worth about $73,542,000. Boston Partners bought a new stake in Zions Bancorporation, National Association during the 4th quarter valued at $33,961,000. First Trust Advisors LP increased its holdings in shares of Zions Bancorporation, National Association by 20.8% in the 4th quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after acquiring an additional 390,601 shares during the period. Vanguard Group Inc. raised its position in shares of Zions Bancorporation, National Association by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock worth $1,032,775,000 after acquiring an additional 285,588 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Zions Bancorporation, National Association by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank's stock valued at $264,902,000 after purchasing an additional 194,995 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Trading Down 1.2 %

Shares of NASDAQ ZION traded down $0.56 during midday trading on Tuesday, reaching $45.94. 388,491 shares of the stock were exchanged, compared to its average volume of 1,568,035. The stock has a market capitalization of $6.78 billion, a P/E ratio of 9.27, a PEG 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. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The company has a 50 day simple moving average of $47.01 and a 200 day simple moving average of $53.13.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings results 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 return on equity of 13.65% and a net margin of 15.70%. The company had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, equities analysts expect that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association declared that its Board of Directors has initiated a share buyback plan on Monday, February 24th that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the bank to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 33.59%.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Jennifer Anne Smith sold 22,673 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total value of $1,280,344.31. Following the transaction, the executive vice president now owns 29,313 shares in the company, valued at $1,655,305.11. The trade was a 43.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the completion of the transaction, the executive vice president now owns 45,847 shares in the company, valued at approximately $2,554,136.37. This trade represents a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,029 shares of company stock valued at $1,855,321. 2.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ZION has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Barclays upped their target price on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price target for the company in a report on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, DA Davidson upped their price target on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $58.76.

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.