Readystate Asset Management LP Acquires New Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Readystate Asset Management LP acquired a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 26,800 shares of the bank's stock, valued at approximately $1,176,000.

Several other large investors also recently bought and sold shares of the business. Quarry LP purchased a new stake in Zions Bancorporation, National Association during the 4th quarter valued at about $49,000. DRW Securities LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at approximately $275,000. GSA Capital Partners LLP purchased a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at approximately $632,000. Public Employees Retirement System of Ohio grew its stake in shares of Zions Bancorporation, National Association by 2.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 60,927 shares of the bank's stock valued at $2,673,000 after buying an additional 1,665 shares during the period. Finally, LifePro Asset Management purchased a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at approximately $3,712,000. Hedge funds and other institutional investors own 76.84% of the company's stock.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, CEO Harris H. Simmons acquired 3,600 shares of the stock in a transaction on Tuesday, February 6th. The shares were bought 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 of the company's stock, valued at approximately $49,200,155.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Harris H. Simmons bought 3,600 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $38.99 per share, for a total transaction of $140,364.00. Following the purchase, the chief executive officer now owns 1,261,866 shares of the company's stock, valued at $49,200,155.34. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP A Scott Anderson sold 4,093 shares of the firm's stock in a transaction on Friday, January 26th. The stock was sold at an average price of $44.25, for a total transaction of $181,115.25. Following the completion of the sale, the vice president now owns 14,665 shares of the company's stock, valued at approximately $648,926.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,022 shares of company stock valued at $744,893. Insiders own 2.22% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on ZION shares. JPMorgan Chase & Co. increased their price target on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, April 4th. Compass Point restated a "neutral" rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th. Barclays upped their price objective on shares of Zions Bancorporation, National Association from $35.00 to $47.00 and gave the stock an "underweight" rating in a report on Tuesday, January 2nd. TheStreet upgraded shares of Zions Bancorporation, National Association from a "c+" rating to a "b-" rating in a report on Wednesday, January 3rd. Finally, Wedbush decreased their price objective on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a "neutral" rating on the stock in a report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $43.00.

Zions Bancorporation, National Association Stock Down 0.3 %

Shares of NASDAQ ZION traded down $0.12 during mid-day trading on Thursday, reaching $39.24. The company had a trading volume of 2,163,547 shares, compared to its average volume of 3,032,377. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The firm has a 50 day simple moving average of $40.78 and a two-hundred day simple moving average of $39.02. The stock has a market cap of $5.79 billion, a P/E ratio of 9.02 and a beta of 1.13. 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 posted its earnings results on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.10). The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations 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 period last year, the business earned $1.84 earnings per share. Sell-side analysts predict that Zions Bancorporation, National Association will post 4.27 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Wednesday, February 14th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 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.

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