Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,166 shares of the bank’s stock after selling 319 shares during the period. Securian Asset Management Inc.’s holdings in Zions Bancorporation, National Association were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake 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 acquiring an additional 183 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Zions Bancorporation, National Association by 120.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock worth $49,000 after acquiring an additional 493 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth about $115,000. Brooklyn Investment Group acquired a new position in Zions Bancorporation, National Association during the 3rd quarter worth about $119,000. Finally, Smartleaf Asset Management LLC lifted its stake in Zions Bancorporation, National Association by 19.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,241 shares of the bank’s stock worth $122,000 after acquiring an additional 368 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total transaction of $557,100.00. Following the completion of the sale, 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 can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders sold a total of 32,713 shares of company stock valued at $1,839,686 in the last three months. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association Trading Up 3.5 %

ZION opened at $48.63 on Monday. The company has a market cap of $7.19 billion, a P/E ratio of 9.82, a PEG ratio of 1.61 and a beta of 1.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a one year low of $39.05 and a one year high of $63.22. The business’s 50-day simple moving average is $54.86 and its 200-day simple moving average is $53.58.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The firm had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. As a group, equities research analysts expect that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, National Association announced that its board has authorized a share repurchase program on Monday, February 24th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the bank to purchase up to 0.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were given a $0.43 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.54%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 34.75%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZION. DA Davidson increased their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Barclays increased 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. JPMorgan Chase & Co. decreased their target price on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley cut their price target on Zions Bancorporation, National Association from $71.00 to $64.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Compass Point upped their price target on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.18.

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.