Emerald Mutual Fund Advisers Trust Sells 10,220 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Emerald Mutual Fund Advisers Trust trimmed its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 67.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,828 shares of the bank's stock after selling 10,220 shares during the quarter. Emerald Mutual Fund Advisers Trust's holdings in Zions Bancorporation, National Association were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ZION. EverSource Wealth Advisors LLC raised 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 period. CIBC Asset Management Inc lifted its position in shares of Zions Bancorporation, National Association by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank's stock valued at $245,000 after acquiring an additional 224 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in Zions Bancorporation, National Association by 1.5% in the 4th 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 period. Jackson Creek Investment Advisors LLC grew its position in 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 purchasing an additional 285 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in 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 purchasing an additional 303 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Steven Dan Stephens sold 10,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the completion of the transaction, the executive vice president now directly owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. This trade represents a 17.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 29,313 shares in the company, valued at approximately $1,655,305.11. The trade was a 43.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,029 shares of company stock valued at $1,855,321. Insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock traded up $0.49 on Monday, reaching $47.10. 169,369 shares of the stock were exchanged, compared to its average volume of 1,568,384. The stock has a market cap of $6.95 billion, a PE ratio of 9.52, a PEG ratio of 1.61 and a beta of 0.88. The firm has a fifty day moving average price of $47.15 and a two-hundred day moving average price of $53.16. Zions Bancorporation, National Association has a twelve month low of $39.32 and a twelve month high of $63.22. 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 (NASDAQ:ZION - Get Free Report) last issued its quarterly 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. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate 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 posted $0.96 EPS. Sell-side analysts anticipate that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association announced that its board has authorized a stock repurchase plan on Monday, February 24th that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the bank to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management 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. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.65%. Zions Bancorporation, National Association's payout ratio is 33.59%.

Wall Street Analyst Weigh In

ZION has been the topic of several recent analyst reports. Robert W. Baird dropped their price target on Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. 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 report on Tuesday, January 7th. Morgan Stanley decreased their price target on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. DA Davidson increased 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 research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods decreased 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 note on Tuesday, April 22nd. One investment 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.