Cerity Partners LLC Sells 32,881 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Cerity Partners LLC cut its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,868 shares of the bank's stock after selling 32,881 shares during the period. Cerity Partners LLC owned approximately 0.11% of Zions Bancorporation, National Association worth $7,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ZION. Deutsche Bank AG boosted its holdings in Zions Bancorporation, National Association by 22.1% during the third quarter. Deutsche Bank AG now owns 389,686 shares of the bank's stock worth $13,596,000 after buying an additional 70,461 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Zions Bancorporation, National Association by 119.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank's stock worth $101,396,000 after buying an additional 1,259,571 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Zions Bancorporation, National Association by 55.2% during the fourth quarter. Nordea Investment Management AB now owns 264,384 shares of the bank's stock worth $11,678,000 after buying an additional 94,077 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in Zions Bancorporation, National Association by 31.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 10,326 shares of the bank's stock worth $360,000 after purchasing an additional 2,467 shares during the period. Finally, NBC Securities Inc. acquired a new position in Zions Bancorporation, National Association in the 3rd quarter worth approximately $491,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Stock Down 2.3 %

Shares of Zions Bancorporation, National Association stock traded down $0.91 during midday trading on Tuesday, reaching $39.50. 1,481,446 shares of the company's stock traded hands, compared to its average volume of 3,062,332. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 9.08 and a beta of 1.13. The company's 50 day simple moving average is $40.79 and its 200 day simple moving average is $39.02. 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 52 week low of $18.26 and a 52 week high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.10). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $754.81 million. Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. During the same quarter in the prior year, the business posted $1.84 EPS. Equities analysts expect that Zions Bancorporation, National Association will post 4.27 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were issued a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.64 annualized dividend and a yield of 4.15%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 37.70%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Evercore ISI raised their price objective on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. Morgan Stanley raised their price objective on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 7th. Robert W. Baird decreased their price objective on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, January 23rd. Compass Point reaffirmed a "neutral" rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. Finally, The Goldman Sachs Group raised their price objective on shares of Zions Bancorporation, National Association from $37.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday, December 18th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $43.00.

Insider Buying and Selling

In other news, CEO Harris H. Simmons bought 4,000 shares of the company's stock in a transaction that occurred on 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 directly owns 1,312,987 shares of the company's stock, valued at approximately $50,602,518.98. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Harris H. Simmons bought 4,000 shares of the company's stock in a transaction that occurred on 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 directly owns 1,312,987 shares of the company's stock, valued at approximately $50,602,518.98. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Harris H. Simmons bought 3,600 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased 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 directly owns 1,261,866 shares in the company, valued at $49,200,155.34. The disclosure for this purchase can be found here. Insiders have sold 18,022 shares of company stock worth $744,893 in the last quarter. 2.22% of the stock is currently owned by company insiders.

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.