Dimensional Fund Advisors LP Increases Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Dimensional Fund Advisors LP grew its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,016,407 shares of the bank's stock after acquiring an additional 927,899 shares during the period. Dimensional Fund Advisors LP owned about 3.39% of Zions Bancorporation, National Association worth $220,077,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ZION. Federated Hermes Inc. boosted its position in Zions Bancorporation, National Association by 105.4% during the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank's stock worth $28,000 after purchasing an additional 331 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Zions Bancorporation, National Association by 4,613.3% during the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank's stock worth $93,000 after buying an additional 2,076 shares during the period. Daiwa Securities Group Inc. grew its stake in Zions Bancorporation, National Association by 15.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank's stock valued at $122,000 after buying an additional 469 shares during the last quarter. EMC Capital Management bought a new position in Zions Bancorporation, National Association in the 3rd quarter valued at about $126,000. Finally, Principal Securities Inc. bought a new position in Zions Bancorporation, National Association in the 4th quarter valued at about $126,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Price Performance

Shares of ZION traded up $0.55 during trading hours on Wednesday, reaching $45.10. The stock had a trading volume of 1,758,805 shares, compared to its average volume of 2,784,381. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. Zions Bancorporation, National Association has a 12 month low of $23.68 and a 12 month high of $46.15. The stock has a market capitalization of $6.66 billion, a PE ratio of 11.19 and a beta of 1.13. The company's 50-day moving average is $41.81 and its two-hundred day moving average is $40.32.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its earnings results on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate 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 posted $1.33 earnings per share. Research analysts expect that Zions Bancorporation, National Association will post 4.38 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, May 15th. Zions Bancorporation, National Association's payout ratio is 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 7,500 shares of the business'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 sale, the executive vice president now owns 44,056 shares of the company's stock, valued at $1,797,925.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Mark Richard Young sold 5,597 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $40.21, for a total value of $225,055.37. Following the transaction, the vice president now owns 12,133 shares in the company, valued at approximately $487,867.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the sale, the executive vice president now owns 44,056 shares of the company's stock, valued at $1,797,925.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,888 shares of company stock worth $827,655. 2.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ZION. Stephens increased their target price 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. Wedbush reduced their target price on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a "neutral" rating for the company in a research report on Tuesday, January 23rd. Evercore ISI upped their price target on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Morgan Stanley lifted 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. Finally, Robert W. Baird decreased their target price on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $43.16.

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.