Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,026,514 shares of the bank's stock after selling 17,382 shares during the period. Ameriprise Financial Inc. owned about 0.69% of Zions Bancorporation, National Association worth $55,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Zions Bancorporation, National Association in the 4th quarter valued at $73,542,000. Freestone Grove Partners LP purchased a new position in shares of Zions Bancorporation, National Association in the 4th quarter valued at $51,116,000. Boston Partners purchased a new position in shares of Zions Bancorporation, National Association in the 4th quarter valued at $33,961,000. First Trust Advisors LP increased its holdings in shares of Zions Bancorporation, National Association by 20.8% in the 4th quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after acquiring an additional 390,601 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Zions Bancorporation, National Association by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock valued at $1,032,775,000 after acquiring an additional 285,588 shares during the period. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, National Association Price Performance

NASDAQ ZION traded up $0.46 during trading hours on Tuesday, reaching $49.92. The company's stock had a trading volume of 1,137,724 shares, compared to its average volume of 1,587,634. Zions Bancorporation, National Association has a 1-year low of $39.32 and a 1-year high of $63.22. The company's 50-day moving average is $46.42 and its two-hundred day moving average is $52.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 10.08, a P/E/G 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 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The company 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 in the previous year, the business earned $0.96 EPS. On average, equities analysts predict that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.72 annualized dividend and a yield of 3.45%. Zions Bancorporation, National Association's payout ratio is 33.59%.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on ZION. Argus upgraded 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. Truist Financial began coverage on Zions Bancorporation, National Association in a research note on Tuesday. They set a "hold" rating and a $52.00 target price on the stock. Morgan Stanley dropped their target price on Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Barclays boosted their target price 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. Finally, Wells Fargo & Company dropped their target price 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. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $58.47.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of Zions Bancorporation, National Association 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 sale, the executive vice president now owns 29,313 shares of the company's stock, valued at approximately $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. Insiders have sold 32,989 shares of company stock worth $1,853,080 over the last ninety days. Corporate insiders own 2.22% of the company's stock.

About Zions Bancorporation, National Association

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.