ING Groep NV Purchases New Position in Zions Bancorporation, National Association (NASDAQ:ZION)

ING Groep NV acquired a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,667 shares of the bank's stock, valued at approximately $819,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZION. Kestra Private Wealth Services LLC increased its stake in Zions Bancorporation, National Association by 1.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 22,288 shares of the bank's stock valued at $978,000 after acquiring an additional 286 shares during the period. Yousif Capital Management LLC grew its stake in shares of Zions Bancorporation, National Association by 1.2% in the 4th quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank's stock valued at $1,148,000 after purchasing an additional 310 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Zions Bancorporation, National Association by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank's stock valued at $2,229,000 after purchasing an additional 330 shares during the period. Federated Hermes Inc. grew its position in Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank's stock worth $28,000 after acquiring an additional 331 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Zions Bancorporation, National Association by 2.0% during the 4th quarter. Fifth Third Bancorp now owns 23,523 shares of the bank's stock worth $1,032,000 after acquiring an additional 462 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Down 2.8 %

Zions Bancorporation, National Association stock traded down $1.23 during trading hours on Thursday, hitting $42.56. The stock had a trading volume of 2,472,325 shares, compared to its average volume of 2,701,244. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $6.28 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 5.07 and a beta of 1.13. Zions Bancorporation, National Association has a 12-month low of $26.35 and a 12-month high of $46.15. The stock's 50-day moving average price is $42.16 and its 200-day moving average price is $40.78.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its earnings results on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.02). The business had revenue of $1.21 billion for 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 period in the prior year, the company posted $1.33 earnings per share. Equities research analysts anticipate that Zions Bancorporation, National Association will post 4.37 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.64 annualized dividend and a yield of 3.85%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is currently 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Rebecca K. Robinson sold 5,291 shares of the firm's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares in the company, valued at approximately $970,911.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now directly owns 22,238 shares in the company, valued at approximately $970,911.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Harris H. Simmons acquired 4,000 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the chief executive officer now owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The disclosure for this purchase can be found here. Insiders sold 7,296 shares of company stock worth $319,192 over the last 90 days. 2.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ZION has been the topic of a number of analyst reports. UBS Group cut their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 23rd. StockNews.com downgraded shares of Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a research note on Wednesday. Jefferies Financial Group cut their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating for the company in a research report on Monday, April 8th. Evercore ISI lifted 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 report on Thursday, March 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $43.33.

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.