Raymond James & Associates Purchases 32,778 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Raymond James & Associates raised its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 38.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,063 shares of the bank's stock after purchasing an additional 32,778 shares during the period. Raymond James & Associates owned 0.08% of Zions Bancorporation, National Association worth $5,136,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Zions Bancorporation, National Association by 4.3% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,392 shares of the bank's stock valued at $274,000 after acquiring an additional 221 shares during the period. Creative Planning boosted its position in shares of Zions Bancorporation, National Association by 2.5% in the second quarter. Creative Planning now owns 11,260 shares of the bank's stock valued at $573,000 after acquiring an additional 275 shares during the period. Empirical Finance LLC boosted its position in shares of Zions Bancorporation, National Association by 7.6% in the fourth quarter. Empirical Finance LLC now owns 4,240 shares of the bank's stock valued at $208,000 after acquiring an additional 301 shares during the period. Treasurer of the State of North Carolina lifted its position in Zions Bancorporation, National Association by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank's stock valued at $2,229,000 after purchasing an additional 330 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Zions Bancorporation, National Association by 7.5% during the fourth quarter. Mackenzie Financial Corp now owns 4,881 shares of the bank's stock valued at $240,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company's stock.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, CEO Harris H. Simmons acquired 3,600 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 6th. The shares were acquired at an average cost of $38.99 per share, with a total value of $140,364.00. Following the transaction, the chief executive officer now owns 1,261,866 shares in the company, valued at $49,200,155.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Zions Bancorporation, National Association news, CEO Harris H. Simmons bought 4,000 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the chief executive officer now owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Harris H. Simmons bought 3,600 shares of the company's stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average price of $38.99 per share, for a total transaction of $140,364.00. Following the acquisition, the chief executive officer now owns 1,261,866 shares in the company, valued at approximately $49,200,155.34. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 18,022 shares of company stock valued at $744,893. 2.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on ZION shares. Evercore ISI lifted their target price on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an "outperform" rating in a research report on Thursday, March 28th. Jefferies Financial Group dropped their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating for the company in a research report on Monday. The Goldman Sachs Group lifted their target price on shares of Zions Bancorporation, National Association from $37.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday, December 18th. Robert W. Baird dropped their target price on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of "Hold" and a consensus price target of $43.00.

Zions Bancorporation, National Association Trading Up 0.4 %

Shares of NASDAQ ZION traded up $0.17 during mid-day trading on Thursday, hitting $41.26. The stock had a trading volume of 1,427,975 shares, compared to its average volume of 3,119,628. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a 1 year low of $18.26 and a 1 year high of $46.15. The business has a 50 day moving average price of $40.73 and a two-hundred day moving average price of $38.83. The firm has a market cap of $6.09 billion, a P/E ratio of 9.49 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $754.81 million. During the same period in the previous year, the firm earned $1.84 earnings per share. On average, equities analysts anticipate that Zions Bancorporation, National Association will post 4.27 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association's payout ratio is currently 37.70%.

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.