Capital Fund Management S.A. Trims Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Capital Fund Management S.A. decreased its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 62.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 77,934 shares of the bank’s stock after selling 132,245 shares during the period. Capital Fund Management S.A. owned 0.05% of Zions Bancorporation, National Association worth $4,228,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth about $73,542,000. Boston Partners bought a new stake in Zions Bancorporation, National Association during the 4th quarter worth approximately $33,961,000. Vanguard Group Inc. lifted its stake in Zions Bancorporation, National Association by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank’s stock worth $1,032,775,000 after purchasing an additional 285,588 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Zions Bancorporation, National Association by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank’s stock valued at $264,902,000 after purchasing an additional 194,995 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Zions Bancorporation, National Association during the 4th quarter valued at $7,739,000. Institutional investors own 76.84% of the company’s stock.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Jennifer Anne Smith sold 22,673 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction 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. This represents a 43.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Dan Stephens sold 10,000 shares of Zions Bancorporation, National Association stock in a transaction on Wednesday, February 12th. The shares were 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 owns 45,847 shares in the company, valued at approximately $2,554,136.37. This trade represents a 17.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,029 shares of company stock worth $1,855,321. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Trading Down 1.1 %

Shares of ZION stock opened at $42.00 on Monday. The business has a 50-day moving average of $50.53 and a 200 day moving average of $53.55. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, National Association has a 1-year low of $39.05 and a 1-year high of $63.22. The stock has a market capitalization of $6.20 billion, a PE ratio of 8.48, a P/E/G ratio of 1.61 and a beta of 0.92.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share 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 firm had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association announced that its board has authorized a stock buyback plan on Monday, February 24th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the bank to repurchase up to 0.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association’s payout ratio is 34.75%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ZION shares. UBS Group assumed coverage on Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They set a “neutral” rating and a $64.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Barclays upped their price objective on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their target price on shares of Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley decreased their price target on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus price target of $61.81.

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.