Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,347 shares of the bank’s stock after selling 1,235 shares during the quarter. Securian Asset Management Inc.’s holdings in Zions Bancorporation, National Association were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ZION. Daiwa Securities Group Inc. increased its stake in shares of Zions Bancorporation, National Association by 15.5% during the third quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank’s stock worth $122,000 after acquiring an additional 469 shares during the period. NBC Securities Inc. purchased a new stake in Zions Bancorporation, National Association during the third quarter worth about $491,000. Ieq Capital LLC grew its position in Zions Bancorporation, National Association by 74.7% during the third quarter. Ieq Capital LLC now owns 15,124 shares of the bank’s stock worth $528,000 after buying an additional 6,466 shares during the period. Los Angeles Capital Management LLC increased its holdings in Zions Bancorporation, National Association by 52.8% in the third quarter. Los Angeles Capital Management LLC now owns 466,483 shares of the bank’s stock valued at $16,276,000 after buying an additional 161,119 shares in the last quarter. Finally, Donoghue Forlines LLC acquired a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter valued at approximately $736,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares in the company, valued at approximately $970,911.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Zions Bancorporation, National Association news, CEO Harris H. Simmons acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total transaction of $231,005.06. Following the sale, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The disclosure for this sale can be found here. Insiders have sold 7,296 shares of company stock valued at $319,192 in the last quarter. Company insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZION. StockNews.com cut Zions Bancorporation, National Association from a “hold” rating to a “sell” rating in a report on Wednesday. UBS Group lowered their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada lifted their price target on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group lowered their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.33.

Zions Bancorporation, National Association Price Performance

ZION stock opened at $42.56 on Friday. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 5.04 and a beta of 1.13. The stock’s fifty day simple moving average is $42.22 and its 200-day simple moving average is $40.79. Zions Bancorporation, National Association has a 52-week low of $26.35 and a 52-week high of $46.15. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. During the same period in the prior year, the business posted $1.33 earnings per share. Equities research analysts expect that Zions Bancorporation, National Association will post 4.37 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were paid a dividend of $0.41 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.85%. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

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.