Price T Rowe Associates Inc. MD Decreases Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Price T Rowe Associates Inc. MD reduced its holdings in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 96,682 shares of the bank's stock after selling 20,591 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.07% of Zions Bancorporation, National Association worth $5,245,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Pinebridge Investments L.P. lifted its stake in shares of Zions Bancorporation, National Association by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 53,114 shares of the bank's stock worth $2,881,000 after acquiring an additional 15,889 shares during the period. Hsbc Holdings PLC raised its holdings in Zions Bancorporation, National Association by 80.7% during the 4th quarter. Hsbc Holdings PLC now owns 37,888 shares of the bank's stock worth $2,059,000 after purchasing an additional 16,923 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Zions Bancorporation, National Association by 72.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,854 shares of the bank's stock worth $969,000 after purchasing an additional 7,473 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Zions Bancorporation, National Association by 40,000.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,025 shares of the bank's stock valued at $544,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Natixis acquired a new stake in shares of Zions Bancorporation, National Association during the fourth quarter worth $102,000. Institutional investors own 76.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Argus upgraded shares of Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a report on Monday, April 28th. Barclays boosted their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods decreased their target price on Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their price target on Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada lowered their price objective on shares of Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $58.76.

Zions Bancorporation, National Association Stock Down 0.4 %

Shares of ZION stock traded down $0.21 during trading hours on Friday, reaching $46.56. The company had a trading volume of 959,393 shares, compared to its average volume of 1,583,490. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, National Association has a 12 month low of $39.32 and a 12 month high of $63.22. The business has a fifty day simple moving average of $46.46 and a 200-day simple moving average of $52.97.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. During the same period last year, the business earned $0.96 EPS. On average, research analysts expect that Zions Bancorporation, National Association will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, National Association announced that its board has initiated a share repurchase program on Monday, February 24th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the bank to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 15th. Zions Bancorporation, National Association's payout ratio is 33.59%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total value of $557,100.00. Following the completion of the transaction, the executive vice president now owns 45,847 shares in the company, valued at $2,554,136.37. This represents a 17.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total value of $1,280,344.31. Following the sale, the executive vice president now owns 29,313 shares in the company, valued at $1,655,305.11. The trade was a 43.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,029 shares of company stock worth $1,855,321. Insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Company 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.