Salzhauer Michael Lowers Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Salzhauer Michael lessened its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 61.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,200 shares of the bank’s stock after selling 8,200 shares during the period. Salzhauer Michael’s holdings in Zions Bancorporation, National Association were worth $282,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC grew its position in shares of Zions Bancorporation, National Association by 0.9% during the 3rd quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock valued at $1,191,000 after acquiring an additional 217 shares during the period. Contravisory Investment Management Inc. boosted its position in Zions Bancorporation, National Association by 1.5% during the fourth quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank’s stock worth $937,000 after purchasing an additional 249 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in Zions Bancorporation, National Association by 7.0% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,252 shares of the bank’s stock valued at $288,000 after purchasing an additional 343 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Zions Bancorporation, National Association by 0.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock valued at $1,947,000 after buying an additional 348 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in shares of Zions Bancorporation, National Association by 15.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after buying an additional 375 shares during the period. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock opened at $57.26 on Monday. The firm has a 50 day simple moving average of $56.64 and a 200-day simple moving average of $52.75. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.74 and a beta of 1.11. 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 $38.01 and a 1-year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. During the same period in the prior year, the business posted $0.78 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, analysts expect that Zions Bancorporation, National Association will post 5.26 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 13th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, February 13th. Zions Bancorporation, National Association’s payout ratio is 34.75%.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the transaction, the executive vice president now owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.22% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZION. Royal Bank of Canada lifted their price target on shares of 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. JPMorgan Chase & Co. dropped their target price on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company upped their price target on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. The Goldman Sachs Group upgraded Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, January 7th. Finally, UBS Group began 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. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.71.

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.