Zions Bancorporation, National Association (NASDAQ:ZION) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 55.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,262 shares of the bank’s stock after purchasing an additional 21,551 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Zions Bancorporation, National Association were worth $2,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ZION. American Century Companies Inc. increased its stake in Zions Bancorporation, National Association by 50.3% in the first quarter. American Century Companies Inc. now owns 33,685 shares of the bank’s stock valued at $2,209,000 after purchasing an additional 11,267 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Zions Bancorporation, National Association by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,168 shares of the bank’s stock valued at $1,060,000 after purchasing an additional 341 shares during the last quarter. HighTower Advisors LLC increased its stake in Zions Bancorporation, National Association by 2.7% in the first quarter. HighTower Advisors LLC now owns 17,117 shares of the bank’s stock valued at $1,120,000 after purchasing an additional 448 shares during the last quarter. Private Advisor Group LLC acquired a new position in Zions Bancorporation, National Association in the first quarter valued at $267,000. Finally, Acadian Asset Management LLC grew its position in Zions Bancorporation, National Association by 453.6% during the first quarter. Acadian Asset Management LLC now owns 4,235 shares of the bank’s stock valued at $277,000 after acquiring an additional 3,470 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Trading Down 0.3 %

Shares of NASDAQ ZION opened at $39.24 on Friday. The stock’s 50 day moving average price is $40.78 and its two-hundred day moving average price is $39.02. Zions Bancorporation, National Association has a 52-week low of $18.26 and a 52-week high of $46.15. The stock has a market capitalization of $5.79 billion, a P/E ratio of 9.02 and a beta of 1.13. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $754.81 million. During the same quarter in the previous year, the company earned $1.84 EPS. On average, analysts anticipate that Zions Bancorporation, National Association will post 4.27 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 22nd. Stockholders of record on Thursday, February 15th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Wednesday, February 14th. Zions Bancorporation, National Association’s payout ratio is 37.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Robert W. Baird lowered their price target on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. Royal Bank of Canada boosted their price target on Zions Bancorporation, National Association from $45.00 to $46.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 9th. TheStreet raised Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Compass Point reissued a “neutral” rating on shares of Zions Bancorporation, National Association in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. boosted their price target on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.00.

Insider Transactions at Zions Bancorporation, National Association

In related news, VP A Scott Anderson sold 4,093 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the transaction, the vice president now directly owns 14,665 shares of the company’s stock, valued at approximately $648,926.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was 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 directly owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP A Scott Anderson sold 4,093 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the transaction, the vice president now directly owns 14,665 shares of the company’s stock, valued at $648,926.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,022 shares of company stock worth $744,893. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association 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.