LSV Asset Management Has $187.49 Million Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

LSV Asset Management trimmed its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 4.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,273,702 shares of the bank’s stock after selling 219,916 shares during the period. LSV Asset Management’s holdings in Zions Bancorporation, National Association were worth $187,487,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ZION. Vaughan Nelson Investment Management L.P. lifted its position in Zions Bancorporation, National Association by 119.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after buying an additional 1,259,571 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth $28,113,000. Artemis Investment Management LLP bought a new position in shares of Zions Bancorporation, National Association in the fourth quarter worth about $28,025,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Zions Bancorporation, National Association during the third quarter worth $13,759,000. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Zions Bancorporation, National Association by 16.9% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,326,970 shares of the bank’s stock worth $81,188,000 after purchasing an additional 336,893 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Up 2.1 %

Shares of Zions Bancorporation, National Association stock traded up $0.90 on Friday, reaching $43.62. The stock had a trading volume of 2,094,638 shares, compared to its average volume of 1,936,221. The stock has a market capitalization of $6.44 billion, a P/E ratio of 10.96 and a beta of 1.13. Zions Bancorporation, National Association has a 1 year low of $18.26 and a 1 year high of $46.15. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average price of $41.10 and a 200 day moving average price of $39.59.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. During the same period in the prior year, the business posted $1.33 EPS. As a group, equities research analysts forecast that Zions Bancorporation, National Association will post 4.38 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, May 15th. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Analyst Ratings Changes

ZION has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an “underweight” rating in a report on Wednesday, February 7th. Jefferies Financial Group cut their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Royal Bank of Canada boosted their price objective on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. boosted their price target on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Finally, Evercore ISI boosted their target price on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.16.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 832 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total value of $32,647.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP A Scott Anderson sold 832 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total value of $32,647.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Harris H. Simmons bought 3,600 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 6th. The shares were purchased at an average cost of $38.99 per share, with a total value of $140,364.00. Following the acquisition, the chief executive officer now directly owns 1,261,866 shares of the company’s stock, valued at $49,200,155.34. The disclosure for this purchase can be found here. In the last three months, insiders have sold 15,429 shares of company stock valued at $629,298. Company insiders own 2.22% of the company’s stock.

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.