Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,473,712 shares of the bank's stock after purchasing an additional 284,624 shares during the quarter. Northern Trust Corp owned approximately 1.00% of Zions Bancorporation, National Association worth $79,949,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in Zions Bancorporation, National Association by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after buying an additional 183 shares during the last quarter. Covestor Ltd boosted its stake in Zions Bancorporation, National Association by 128.1% in 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 period. SRS Capital Advisors Inc. grew its holdings in shares of Zions Bancorporation, National Association by 120.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock valued at $49,000 after purchasing an additional 493 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Zions Bancorporation, National Association during the 4th quarter worth approximately $62,000. Finally, Natixis bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter worth approximately $102,000. Institutional investors own 76.84% of the company's stock.

Analyst Upgrades and Downgrades

ZION has been the topic of several analyst reports. Royal Bank of Canada dropped 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, April 22nd. DA Davidson increased their price objective on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Argus raised shares of Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a research note on Monday, April 28th. The Goldman Sachs Group upgraded shares of Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price target on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their price objective on Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating for the company in a research report 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $58.76.

Zions Bancorporation, National Association Trading Down 0.2 %

Shares of NASDAQ:ZION opened at $46.50 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 1.61 and a beta of 0.88. Zions Bancorporation, National Association has a 1-year low of $39.32 and a 1-year high of $63.22. The company has a 50 day moving average price of $47.01 and a 200 day moving average price of $53.13.

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

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.72 annualized dividend and a yield of 3.70%. Zions Bancorporation, National Association's payout ratio is presently 33.59%.

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

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the 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 completion of the sale, the executive vice president now owns 29,313 shares in the company, valued at $1,655,305.11. This represents a 43.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total value of $557,100.00. Following 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,029 shares of company stock valued at $1,855,321. 2.22% of the stock is currently owned by corporate insiders.

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.

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