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

Smartleaf Asset Management LLC increased its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 19.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,241 shares of the bank’s stock after purchasing an additional 368 shares during the period. Smartleaf Asset Management LLC’s holdings in Zions Bancorporation, National Association were worth $122,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of ZION. Whipplewood Advisors LLC bought a new stake in Zions Bancorporation, National Association in the 4th quarter worth about $115,000. Venturi Wealth Management LLC increased its holdings in Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after buying an additional 1,671 shares in the last quarter. Brooklyn Investment Group bought a new stake in Zions Bancorporation, National Association in the 3rd quarter worth about $119,000. TD Private Client Wealth LLC increased its holdings in Zions Bancorporation, National Association by 15.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after buying an additional 375 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Zions Bancorporation, National Association by 112.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,685 shares of the bank’s stock worth $146,000 after buying an additional 1,421 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Stock Down 0.4 %

ZION stock opened at $50.15 on Friday. 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 stock has a market cap of $7.42 billion, a P/E ratio of 10.13, a PEG ratio of 1.61 and a beta of 1.10. The business’s 50-day moving average price is $55.62 and its 200-day moving average price is $53.51.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted 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. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The firm had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $787.70 million. During the same period in the previous year, the firm earned $0.78 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts forecast that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association declared that its board has approved a share buyback program on Monday, February 24th that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the bank to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors 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 is presently 34.75%.

Insider Buying and Selling

In related news, EVP Steven Dan Stephens sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total value of $557,100.00. Following the transaction, the executive vice president now directly owns 45,847 shares of the company’s stock, valued at approximately $2,554,136.37. The trade was a 17.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Anne Smith sold 22,673 shares of the business’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 value of $1,280,344.31. Following the completion of the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 32,713 shares of company stock valued at $1,839,686. Corporate insiders own 2.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ZION shares. JPMorgan Chase & Co. reduced 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 lifted their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Stephens reissued an “equal weight” rating and issued a $64.00 target price on shares of Zions Bancorporation, National Association in a research report on Wednesday. Keefe, Bruyette & Woods raised their target price on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their target price on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.