Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Cwm LLC

CWM LLC lessened its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 84.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,252 shares of the bank's stock after selling 100,446 shares during the quarter. CWM LLC's holdings in Zions Bancorporation, National Association were worth $801,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Deutsche Bank AG boosted its position in Zions Bancorporation, National Association by 22.1% in the third quarter. Deutsche Bank AG now owns 389,686 shares of the bank's stock valued at $13,596,000 after buying an additional 70,461 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Zions Bancorporation, National Association by 55.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank's stock worth $2,644,000 after purchasing an additional 21,551 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Zions Bancorporation, National Association by 119.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank's stock valued at $101,396,000 after buying an additional 1,259,571 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Zions Bancorporation, National Association during the fourth quarter worth $1,268,000. Finally, Nordea Investment Management AB lifted 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 acquiring an additional 94,077 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 7,500 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the sale, the executive vice president now owns 44,056 shares in the company, valued at approximately $1,797,925.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Steven Dan Stephens sold 7,500 shares of the firm's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the transaction, the executive vice president now owns 44,056 shares in the company, valued at $1,797,925.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Harris H. Simmons acquired 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,312,987 shares in the company, valued at $50,602,518.98. The disclosure for this purchase can be found here. Insiders have sold 13,929 shares of company stock valued at $563,778 in the last ninety days. Insiders own 2.22% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays raised their price target on Zions Bancorporation, National Association from $35.00 to $47.00 and gave the company an "underweight" rating in a report on Tuesday, January 2nd. Evercore ISI upped their price target on 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. Royal Bank of Canada lifted their target price on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 23rd. Robert W. Baird cut their price objective on Zions Bancorporation, National Association from $50.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, January 23rd. Finally, Stephens raised their price objective on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of "Hold" and an average target price of $43.16.

Zions Bancorporation, National Association Trading Down 1.3 %

Shares of Zions Bancorporation, National Association stock traded down $0.54 during mid-day trading on Tuesday, hitting $40.78. The stock had a trading volume of 1,429,642 shares, compared to its average volume of 2,955,948. The firm has a 50-day moving average of $40.89 and a two-hundred day moving average of $39.45. The firm has a market cap of $6.02 billion, a P/E ratio of 10.25 and a beta of 1.13. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. Zions Bancorporation, National Association has a 12-month low of $18.26 and a 12-month high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same period last year, the business earned $1.33 EPS. Sell-side analysts forecast that Zions Bancorporation, National Association will post 4.38 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.02%. The ex-dividend date is Wednesday, May 15th. Zions Bancorporation, National Association's dividend payout ratio is currently 41.21%.

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.