Zions Bancorporation, National Association (NASDAQ:ZION) Stake Lowered by Seizert Capital Partners LLC

Seizert Capital Partners LLC reduced its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,758 shares of the bank's stock after selling 28,268 shares during the quarter. Seizert Capital Partners LLC owned approximately 0.11% of Zions Bancorporation, National Association worth $7,447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ZION. Kestra Private Wealth Services LLC raised its position in shares of Zions Bancorporation, National Association by 1.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 22,288 shares of the bank's stock worth $978,000 after acquiring an additional 286 shares in the last quarter. Yousif Capital Management LLC raised its holdings in Zions Bancorporation, National Association by 1.2% during the fourth quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank's stock worth $1,148,000 after purchasing an additional 310 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Zions Bancorporation, National Association by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank's stock worth $2,229,000 after buying an additional 330 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank's stock valued at $28,000 after buying an additional 331 shares in the last quarter. Finally, New Mexico Educational Retirement Board grew its position in shares of Zions Bancorporation, National Association by 5.5% in the 3rd quarter. New Mexico Educational Retirement Board now owns 7,672 shares of the bank's stock valued at $268,000 after buying an additional 400 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Price Performance

NASDAQ:ZION traded up $0.03 during trading hours on Friday, hitting $44.32. The company's stock had a trading volume of 1,061,109 shares, compared to its average volume of 1,900,742. Zions Bancorporation, National Association has a 52-week low of $21.96 and a 52-week high of $46.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.77 and a current ratio of 0.82. The business's 50-day moving average is $41.64 and its two-hundred day moving average is $40.12. The company has a market capitalization of $6.54 billion, a PE ratio of 11.14 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.98 by ($0.02). The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same quarter in the prior year, the business earned $1.33 EPS. As a group, research analysts anticipate that Zions Bancorporation, National Association will post 4.38 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Wednesday, May 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 41.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They issued a "hold" rating and a $47.00 price target for the company. Wedbush reduced their price objective on Zions Bancorporation, National Association from $48.00 to $46.00 and set a "neutral" rating for the company in a research note on Tuesday, January 23rd. Stephens raised their target price on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 23rd. Robert W. Baird reduced their price target 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, 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 report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $43.16.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Mark Richard Young sold 5,597 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $40.21, for a total transaction of $225,055.37. Following the sale, the vice president now directly owns 12,133 shares in the company, valued at $487,867.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Zions Bancorporation, National Association news, VP Mark Richard Young sold 5,597 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $40.21, for a total transaction of $225,055.37. Following the completion of the transaction, the vice president now directly owns 12,133 shares in the company, valued at approximately $487,867.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harris H. Simmons purchased 4,000 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost 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 $50,602,518.98. The disclosure for this purchase can be found here. Insiders sold 19,888 shares of company stock valued at $827,655 in the last ninety days. Corporate insiders own 2.22% of the company's stock.

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.