Smartleaf Asset Management LLC Buys 368 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Smartleaf Asset Management LLC raised its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,241 shares of the bank’s stock after acquiring an additional 368 shares during the period. Smartleaf Asset Management LLC’s holdings in Zions Bancorporation, National Association were worth $122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC bought a new position in Zions Bancorporation, National Association during the fourth quarter valued at approximately $115,000. Venturi Wealth Management LLC grew its position in Zions Bancorporation, National Association by 209.1% during the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock valued at $117,000 after acquiring an additional 1,671 shares during the last quarter. Brooklyn Investment Group bought a new position in Zions Bancorporation, National Association during the third quarter valued at approximately $119,000. TD Private Client Wealth LLC grew its position in Zions Bancorporation, National Association by 15.2% during the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock valued at $134,000 after acquiring an additional 375 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Zions Bancorporation, National Association by 112.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,685 shares of the bank’s stock valued at $146,000 after acquiring an additional 1,421 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the transaction, the executive vice president now owns 29,313 shares in the company, valued at approximately $1,655,305.11. This represents a 43.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven Dan Stephens sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 45,847 shares of the company’s stock, valued at $2,554,136.37. The trade was a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,713 shares of company stock worth $1,839,686. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock opened at $50.15 on Friday. The stock has a fifty day moving average of $55.62 and a 200 day moving average of $53.51. Zions Bancorporation, National Association has a 52 week low of $39.05 and a 52 week high of $63.22. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 1.61 and a beta of 1.10. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. As a group, research analysts expect that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 24th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the bank to repurchase up to 0.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.43%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 34.75%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price target 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. Barclays increased their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an “underweight” rating in a research note on Wednesday, January 22nd. UBS Group assumed 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. Compass Point increased their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods increased their price objective on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.