Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 48.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,819 shares of the bank's stock after acquiring an additional 42,874 shares during the period. Quantinno Capital Management LP owned about 0.09% of Zions Bancorporation, National Association worth $7,097,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Nomura Holdings Inc. acquired a new position in Zions Bancorporation, National Association in the fourth quarter worth about $1,063,000. NorthRock Partners LLC acquired a new position in Zions Bancorporation, National Association in the fourth quarter worth about $251,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Zions Bancorporation, National Association by 17.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,567 shares of the bank's stock worth $1,875,000 after purchasing an additional 5,090 shares in the last quarter. Lazard Asset Management LLC grew its stake in Zions Bancorporation, National Association by 44.4% in the fourth quarter. Lazard Asset Management LLC now owns 23,059 shares of the bank's stock worth $1,250,000 after purchasing an additional 7,087 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new position in Zions Bancorporation, National Association in the fourth quarter worth about $225,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Performance

ZION opened at $49.22 on Friday. The business's 50 day moving average is $46.48 and its 200-day moving average is $52.87. The stock has a market cap of $7.26 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. 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.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping 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 firm had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. On average, analysts predict that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.72 annualized dividend and a yield of 3.49%. Zions Bancorporation, National Association's payout ratio is 33.59%.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ZION shares. Barclays lifted their price target on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company cut their target price on shares of 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. DA Davidson raised their target price 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. Truist Financial assumed coverage on shares of Zions Bancorporation, National Association in a report on Tuesday. They issued a "hold" rating and a $52.00 target price on the stock. Finally, Argus raised 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. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $58.47.

Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 22,673 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now owns 29,313 shares of the company's stock, valued at $1,655,305.11. The trade was a 43.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.22% of the stock is 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.

Want to see what other hedge funds are holding ZION? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zions Bancorporation, National Association (NASDAQ:ZION - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.