Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,860 shares of the bank’s stock after selling 1,319 shares during the quarter. D.A. Davidson & CO.’s holdings in Zions Bancorporation, National Association were worth $915,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. CIBC Asset Management Inc grew its holdings in shares of Zions Bancorporation, National Association by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank’s stock worth $245,000 after purchasing an additional 224 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of Zions Bancorporation, National Association during the fourth quarter worth about $2,538,000. Savant Capital LLC raised its position in shares of Zions Bancorporation, National Association by 12.0% in the 4th quarter. Savant Capital LLC now owns 7,302 shares of the bank’s stock valued at $396,000 after purchasing an additional 780 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Zions Bancorporation, National Association by 0.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,698,530 shares of the bank’s stock valued at $146,396,000 after acquiring an additional 14,070 shares during the last quarter. Finally, Vest Financial LLC grew its stake in Zions Bancorporation, National Association by 45.7% in the fourth quarter. Vest Financial LLC now owns 45,663 shares of the bank’s stock worth $2,477,000 after purchasing an additional 14,330 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Down 3.1 %

Shares of ZION stock opened at $53.42 on Monday. Zions Bancorporation, National Association has a twelve month low of $38.01 and a twelve month high of $63.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50 day simple moving average is $56.03 and its 200 day simple moving average is $53.20. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.61 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating 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 firm had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787.70 million. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th were issued a $0.43 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.72 annualized dividend and a yield of 3.22%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 34.75%.

Insider Activity

In related news, EVP Paul E. Burdiss sold 9,506 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. This represents a 9.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Dan Stephens sold 10,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 45,847 shares in the company, valued at $2,554,136.37. This trade represents a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,219 shares of company stock worth $2,420,122. 2.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ZION has been the topic of a number of research reports. Royal Bank of Canada increased their target price on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Stephens boosted their price target on shares of Zions Bancorporation, National Association from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 22nd. DA Davidson raised their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. UBS Group started 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. Finally, The Goldman Sachs Group upgraded shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and an average 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.