Commonwealth Equity Services LLC Has $2.11 Million Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Commonwealth Equity Services LLC decreased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,802 shares of the bank’s stock after selling 724 shares during the period. Commonwealth Equity Services LLC’s holdings in Zions Bancorporation, National Association were worth $2,105,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cerity Partners LLC raised its holdings in shares of Zions Bancorporation, National Association by 27.7% in the 3rd quarter. Cerity Partners LLC now owns 30,787 shares of the bank’s stock worth $1,454,000 after acquiring an additional 6,683 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Zions Bancorporation, National Association in the third quarter worth approximately $477,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Zions Bancorporation, National Association in the third quarter valued at approximately $658,000. Bank of Montreal Can lifted its holdings in shares of Zions Bancorporation, National Association by 35.6% in the third quarter. Bank of Montreal Can now owns 58,427 shares of the bank’s stock valued at $2,715,000 after purchasing an additional 15,354 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Zions Bancorporation, National Association by 5.6% during the third quarter. D.A. Davidson & CO. now owns 18,179 shares of the bank’s stock valued at $858,000 after buying an additional 965 shares during the last quarter. 76.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, 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 value 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 represents a 17.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 22,673 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the transaction, the executive vice president now owns 29,313 shares of the company’s stock, valued at $1,655,305.11. This trade represents a 43.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,713 shares of company stock valued at $1,839,686. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION opened at $50.26 on Friday. The company has a 50-day moving average price of $53.83 and a two-hundred day moving average price of $53.62. Zions Bancorporation, National Association has a twelve month low of $39.05 and a twelve month high of $63.22. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $7.42 billion, a PE ratio of 10.15, a P/E/G ratio of 1.61 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $820.00 million during the quarter, compared to analyst estimates 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 was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Equities analysts forecast that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association announced that its Board of Directors has initiated a share buyback plan on Monday, February 24th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the bank to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.42%. Zions Bancorporation, National Association’s payout ratio is 34.75%.

Wall Street Analysts Forecast Growth

ZION has been the topic of several recent analyst reports. Morgan Stanley dropped their price objective on Zions Bancorporation, National Association from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, January 7th. Stephens reaffirmed an “equal weight” rating and issued a $64.00 price objective on shares of Zions Bancorporation, National Association in a research report on Wednesday, March 5th. 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. Finally, Barclays boosted their target price on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 22nd. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.18.

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.