Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 73.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 116,191 shares of the bank's stock after acquiring an additional 49,121 shares during the period. Wells Fargo & Company MN owned about 0.08% of Zions Bancorporation, National Association worth $6,303,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Zions Bancorporation, National Association by 51.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after acquiring an additional 183 shares during the last quarter. CIBC Asset Management Inc raised its stake in Zions Bancorporation, National Association by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank's stock valued at $245,000 after buying an additional 224 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in Zions Bancorporation, National Association by 1.5% in the fourth quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank's stock worth $937,000 after purchasing an additional 249 shares during the last quarter. Jackson Creek Investment Advisors LLC boosted its stake in shares of Zions Bancorporation, National Association by 3.3% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank's stock worth $490,000 after acquiring an additional 285 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Zions Bancorporation, National Association by 4.7% during the 4th quarter. Blair William & Co. IL now owns 6,713 shares of the bank's stock valued at $364,000 after buying an additional 303 shares in the last quarter. Institutional investors own 76.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ZION. Robert W. Baird lowered their target price on shares of Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating on the stock in a report on Tuesday. Morgan Stanley cut their price target on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Keefe, Bruyette & Woods reduced their price target on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Tuesday. Barclays raised their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada reduced their target price on Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and an average price target of $59.00.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 owns 29,313 shares of the company's stock, valued at $1,655,305.11. This trade represents a 43.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. The trade was a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,029 shares of company stock worth $1,855,321 over the last ninety days. 2.22% of the stock is currently owned by insiders.

Zions Bancorporation, National Association Stock Up 0.6 %

ZION traded up $0.26 during trading hours on Thursday, hitting $44.58. 341,704 shares of the company's stock were exchanged, compared to its average volume of 1,571,919. Zions Bancorporation, National Association has a 12-month low of $39.32 and a 12-month high of $63.22. The firm has a market cap of $6.58 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $48.47 and a 200 day moving average of $53.30.

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

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association's payout ratio is currently 34.75%.

Zions Bancorporation, National Association declared that its board has authorized a stock repurchase plan on Monday, February 24th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the bank to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.