Salzhauer Michael Sells 8,200 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Salzhauer Michael reduced its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 61.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,200 shares of the bank’s stock after selling 8,200 shares during the quarter. Salzhauer Michael’s holdings in Zions Bancorporation, National Association were worth $282,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ZION. State Street Corp grew its stake in shares of Zions Bancorporation, National Association by 14.6% during the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock valued at $332,515,000 after buying an additional 896,889 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Zions Bancorporation, National Association by 25.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock valued at $126,762,000 after acquiring an additional 538,049 shares during the period. Wellington Management Group LLP purchased a new stake in Zions Bancorporation, National Association in the third quarter worth $24,647,000. Assenagon Asset Management S.A. lifted its position in shares of Zions Bancorporation, National Association by 124.9% during the third quarter. Assenagon Asset Management S.A. now owns 290,165 shares of the bank’s stock worth $13,702,000 after purchasing an additional 161,118 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Zions Bancorporation, National Association by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock valued at $221,367,000 after purchasing an additional 140,084 shares during the period. Institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ZION shares. 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 note on Tuesday, January 7th. Morgan Stanley lifted their price target on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. Evercore ISI lifted their target price on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised 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. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $60.71.

Insider Activity

In related news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the sale, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Down 1.7 %

Shares of ZION stock opened at $57.26 on Monday. The stock’s fifty day moving average price is $56.64 and its 200 day moving average price is $52.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, National Association has a 1-year low of $38.01 and a 1-year high of $63.22. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.74 and a beta of 1.11.

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, beating the consensus estimate of $1.26 by $0.08. The firm had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The company’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, research analysts expect that Zions Bancorporation, National Association will post 5.26 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 3.00%. Zions Bancorporation, National Association’s payout ratio is currently 34.75%.

About Zions Bancorporation, National Association

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.