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

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

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Zions Bancorporation, National Association by 51.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after buying an additional 183 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of Zions Bancorporation, National Association by 120.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock valued at $49,000 after buying an additional 493 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at approximately $115,000. Smartleaf Asset Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 19.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,241 shares of the bank’s stock valued at $122,000 after buying an additional 368 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Zions Bancorporation, National Association in the 3rd quarter valued at approximately $119,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association 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 transaction, the executive vice president now owns 45,847 shares in the company, valued at approximately $2,554,136.37. This trade represents a 17.91 % decrease in their ownership of the stock. The sale 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 Zions Bancorporation, National Association stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the transaction, the executive vice president now owns 29,313 shares in the company, valued at $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 have sold 32,713 shares of company stock worth $1,839,686. 2.22% of the stock is owned by insiders.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ: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 P/E/G ratio of 1.61 and a beta of 1.10. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a 52 week low of $39.05 and a 52 week high of $63.22. The business has a fifty day simple moving average of $54.86 and a 200-day simple moving average of $53.58.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 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 the consensus estimate of $787.70 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts forecast that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

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

Zions Bancorporation, National Association Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ZION. Royal Bank of Canada raised their price objective on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Compass Point raised their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. UBS Group began coverage on Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price objective for the company. Keefe, Bruyette & Woods raised their price objective on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, January 22nd. Finally, Stephens reaffirmed an “equal weight” rating and issued a $64.00 price objective on shares of Zions Bancorporation, National Association in a research note on Wednesday, March 5th. One 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 MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and an average target price 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.