Price T Rowe Associates Inc. MD Trims Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Price T Rowe Associates Inc. MD lessened its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ZION. EverSource Wealth Advisors LLC increased its stake in Zions Bancorporation, National Association by 51.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock valued at $29,000 after buying an additional 183 shares during the last quarter. Covestor Ltd increased its position in shares of Zions Bancorporation, National Association by 128.1% during the fourth quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after acquiring an additional 479 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in Zions Bancorporation, National Association by 120.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock worth $49,000 after acquiring an additional 493 shares during the period. Millstone Evans Group LLC purchased a new position in Zions Bancorporation, National Association in the fourth quarter worth $62,000. Finally, Natixis bought a new position in Zions Bancorporation, National Association in the 4th quarter valued at $102,000. Hedge funds and other institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock remained flat at $45.39 during midday trading on Wednesday. 1,923,655 shares of the company were exchanged, compared to its average volume of 1,580,986. The firm has a 50 day simple moving average of $46.68 and a two-hundred day simple moving average of $53.02. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a twelve month low of $39.32 and a twelve month high of $63.22. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.61 and a beta of 0.88.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) 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 company had revenue of $795.00 million during the quarter, compared to analyst estimates of $792.49 million. During the same quarter last year, the company earned $0.96 earnings per share. On average, sell-side analysts anticipate 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 authorized a share repurchase plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 33.59%.

Insider Activity at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the transaction, the executive vice president now directly owns 29,313 shares in the company, valued at approximately $1,655,305.11. This represents a 43.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven Dan Stephens sold 10,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. This represents a 17.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,029 shares of company stock valued at $1,855,321 over the last three months. 2.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Argus raised shares of Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods reduced their target price on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Stephens decreased their price target on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group upgraded Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 target price on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $58.76.

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.