Clear Creek Financial Management LLC Trims Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Clear Creek Financial Management LLC cut its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 36.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,143 shares of the bank’s stock after selling 4,708 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Zions Bancorporation, National Association were worth $442,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in Zions Bancorporation, National Association during the 3rd quarter worth approximately $583,000. Cornercap Investment Counsel Inc. purchased a new position in Zions Bancorporation, National Association during the 3rd quarter worth approximately $510,000. Sequoia Financial Advisors LLC increased its holdings in shares of Zions Bancorporation, National Association by 1.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock valued at $1,302,000 after purchasing an additional 506 shares in the last quarter. State Street Corp increased its holdings in shares of Zions Bancorporation, National Association by 14.6% during the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock valued at $332,515,000 after purchasing an additional 896,889 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Zions Bancorporation, National Association by 14.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank’s stock valued at $16,581,000 after purchasing an additional 43,720 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ZION. Compass Point lifted their target price on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Wedbush lifted their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. DA Davidson boosted their price target on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. UBS Group began coverage on shares of Zions Bancorporation, National Association in a report on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price target for the company. Finally, Morgan Stanley boosted their price target on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.71.

Zions Bancorporation, National Association Trading Down 0.7 %

NASDAQ ZION opened at $57.86 on Monday. The firm’s 50-day moving average is $57.01 and its two-hundred day moving average is $52.50. Zions Bancorporation, National Association has a 12 month low of $37.76 and a 12 month high of $63.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $8.55 billion, a P/E ratio of 11.69, a PEG ratio of 2.92 and a beta of 1.12.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The company had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. Zions Bancorporation, National Association’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, sell-side analysts anticipate that Zions Bancorporation, National Association will post 5.23 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 13th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.97%. Zions Bancorporation, National Association’s payout ratio is 34.75%.

Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 3,605 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $1,434,894.84. This represents a 12.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $580,436.36. Following the completion of the sale, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,496 shares of company stock worth $873,762. Company insiders own 2.22% of the company’s stock.

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.