Oak Thistle LLC Buys Shares of 18,326 Zions Bancorporation, National Association (NASDAQ:ZION)

Oak Thistle LLC bought a new stake in Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 18,326 shares of the bank’s stock, valued at approximately $804,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ZION. Blackhawk Capital Partners LLC. purchased a new stake in Zions Bancorporation, National Association during the fourth quarter worth approximately $219,000. Fifth Third Bancorp increased its holdings in shares of Zions Bancorporation, National Association by 2.0% in the fourth quarter. Fifth Third Bancorp now owns 23,523 shares of the bank’s stock valued at $1,032,000 after purchasing an additional 462 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Zions Bancorporation, National Association by 10.8% in the fourth quarter. Global Retirement Partners LLC now owns 5,857 shares of the bank’s stock valued at $241,000 after purchasing an additional 571 shares during the period. Traynor Capital Management Inc. acquired a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $204,000. Finally, Artemis Investment Management LLP acquired a new position in Zions Bancorporation, National Association during the fourth quarter worth $28,025,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION opened at $42.42 on Wednesday. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $46.15. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 9.75 and a beta of 1.13. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The stock has a 50 day moving average of $40.88 and a 200-day moving average of $38.53.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last released its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $754.81 million. During the same quarter in the prior year, the firm earned $1.84 EPS. As a group, analysts forecast that Zions Bancorporation, National Association will post 4.32 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio is presently 37.70%.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the sale, the executive vice president now directly owns 44,056 shares of the company’s stock, valued at $1,797,925.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Harris H. Simmons bought 4,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,312,987 shares of the company’s stock, valued at approximately $50,602,518.98. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the transaction, the executive vice president now owns 44,056 shares in the company, valued at approximately $1,797,925.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,022 shares of company stock valued at $744,893. Corporate insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ZION shares. Wedbush dropped their price objective on Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. Compass Point reiterated a “neutral” rating on shares of Zions Bancorporation, National Association in a research report on Monday, January 8th. TheStreet upgraded Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. The Goldman Sachs Group upped their price target on Zions Bancorporation, National Association from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, December 18th. Finally, Evercore ISI increased their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.16.

Get Our Latest Stock Analysis on ZION

Zions Bancorporation, National Association Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zions Bancorporation, National Association (NASDAQ:ZION)

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