D.A. Davidson & CO. Has $915,000 Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

D.A. Davidson & CO. lessened its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the 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 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth about $583,000. Cornercap Investment Counsel Inc. acquired a new position in Zions Bancorporation, National Association in the 3rd quarter valued at $510,000. State Street Corp increased its position in 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 worth $332,515,000 after acquiring an additional 896,889 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Zions Bancorporation, National Association by 14.2% in the third quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank’s stock valued at $16,581,000 after buying an additional 43,720 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Zions Bancorporation, National Association by 244.8% during the 4th quarter. SG Americas Securities LLC now owns 28,405 shares of the bank’s stock valued at $1,541,000 after acquiring an additional 20,167 shares during the period. Institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction on 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 approximately $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction 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 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 42,219 shares of company stock valued at $2,420,122. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Shares of ZION opened at $53.42 on Monday. Zions Bancorporation, National Association has a 12 month low of $38.01 and a 12 month high of $63.22. 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. The stock has a 50 day moving average of $56.03 and a 200 day moving average of $53.20. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The company had revenue of $820.00 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were paid a $0.43 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.22%. Zions Bancorporation, National Association’s dividend payout ratio is 34.75%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ZION shares. Barclays lifted their price target 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. JPMorgan Chase & Co. decreased their price objective on Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Compass Point boosted their price target on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. DA Davidson upped their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. 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 objective on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.71.

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.