Swiss National Bank Has $15.76 Million Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Swiss National Bank increased its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 0.8% during the fourth quarter, HoldingsChannel reports. The fund owned 290,500 shares of the bank’s stock after acquiring an additional 2,300 shares during the quarter. Swiss National Bank’s holdings in Zions Bancorporation, National Association were worth $15,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ZION. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth about $279,000. KBC Group NV grew its position in Zions Bancorporation, National Association by 25.6% during the third quarter. KBC Group NV now owns 4,455 shares of the bank’s stock worth $210,000 after buying an additional 909 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Zions Bancorporation, National Association during the third quarter worth about $202,000. Pathstone Holdings LLC increased its stake in Zions Bancorporation, National Association by 8.7% during the third quarter. Pathstone Holdings LLC now owns 116,348 shares of the bank’s stock valued at $5,494,000 after acquiring an additional 9,298 shares during the period. Finally, Caprock Group LLC raised its holdings in Zions Bancorporation, National Association by 19.4% in the 3rd quarter. Caprock Group LLC now owns 7,389 shares of the bank’s stock valued at $349,000 after acquiring an additional 1,203 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Price Performance

Zions Bancorporation, National Association stock opened at $49.34 on Thursday. The business’s fifty day moving average is $54.48 and its two-hundred day moving average is $53.54. 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 firm has a market cap of $7.30 billion, a P/E ratio of 9.97, a P/E/G ratio of 1.61 and a beta of 1.10. Zions Bancorporation, National Association has a 52 week low of $39.05 and a 52 week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly 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. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $787.70 million. During the same period in the previous year, the business posted $0.78 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 3.49%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 34.75%.

Zions Bancorporation, National Association announced that its Board of Directors has approved a stock repurchase program on Monday, February 24th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the bank to buy up to 0.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

ZION has been the topic of several recent research reports. DA Davidson lifted their price objective on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. UBS Group initiated coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They set a “neutral” rating and a $64.00 target price on the stock. Finally, Morgan Stanley dropped 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 research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.18.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association 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 transaction, the executive vice president now directly owns 29,313 shares in the company, valued at approximately $1,655,305.11. This trade represents a 43.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Dan Stephens sold 10,000 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 32,713 shares of company stock valued at $1,839,686 over the last quarter. Corporate insiders own 2.22% of the company’s stock.

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.