Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Axa S.A.

Axa S.A. grew its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 243.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,089 shares of the bank’s stock after acquiring an additional 100,759 shares during the quarter. Axa S.A. owned about 0.10% of Zions Bancorporation, National Association worth $7,708,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 183 shares in the last quarter. Covestor Ltd lifted its stake in shares of Zions Bancorporation, National Association by 128.1% in the fourth quarter. Covestor Ltd now owns 853 shares of the bank’s stock worth $46,000 after buying an additional 479 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Zions Bancorporation, National Association by 120.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock worth $49,000 after buying an additional 493 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Zions Bancorporation, National Association during the fourth quarter worth about $62,000. Finally, Natixis purchased a new stake in Zions Bancorporation, National Association during the 4th quarter valued at about $102,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Argus upgraded Zions Bancorporation, National Association from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Monday, April 28th. Royal Bank of Canada dropped their target price on Zions Bancorporation, National Association from $63.00 to $53.00 and set a “sector perform” rating for the company in a report on Tuesday, April 22nd. DA Davidson lifted their price target 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. Barclays upped their price objective on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an “underweight” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Zions Bancorporation, National Association from $58.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $58.76.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 10,000 shares of the 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 of the company’s stock, valued at $2,554,136.37. This represents a 17.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 22,673 shares of the firm’s 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 sale, the executive vice president now owns 29,313 shares in the company, valued at approximately $1,655,305.11. This represents a 43.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,029 shares of company stock valued at $1,855,321. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Price Performance

ZION opened at $45.39 on Wednesday. The stock’s 50-day moving average price is $46.85 and its 200 day moving average price is $53.07. Zions Bancorporation, National Association has a 12-month low of $39.32 and a 12-month high of $63.22. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.61 and a beta of 0.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The company had revenue of $795.00 million for the quarter, compared to analyst estimates of $792.49 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. During the same period in the prior year, the business earned $0.96 EPS. As a group, sell-side analysts expect that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Thursday, May 15th. Zions Bancorporation, National Association’s payout ratio is presently 33.59%.

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

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.