Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC reduced its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 54.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,890 shares of the bank’s stock after selling 18,618 shares during the period. Wolverine Asset Management LLC’s holdings in Zions Bancorporation, National Association were worth $862,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ZION. Venturi Wealth Management LLC lifted its position in shares of 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 worth $117,000 after purchasing an additional 1,671 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Zions Bancorporation, National Association during the third quarter worth $119,000. TD Private Client Wealth LLC lifted its position in shares of 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 worth $134,000 after purchasing an additional 375 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of Zions Bancorporation, National Association by 24.9% during the third quarter. Crewe Advisors LLC now owns 3,950 shares of the bank’s stock worth $187,000 after purchasing an additional 787 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in shares of Zions Bancorporation, National Association during the fourth quarter worth $201,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Steven Dan Stephens sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 45,847 shares of the company’s stock, valued at $2,554,136.37. This represents a 17.91 % 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 Paul E. Burdiss sold 9,506 shares of the stock in a transaction that occurred 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 directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,219 shares of company stock valued at $2,420,122 over the last three months. 2.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Tuesday, January 7th. Barclays increased their target price on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a report on Wednesday, January 22nd. Compass Point upped 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. JPMorgan Chase & Co. lowered their price target on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and a consensus target price of $60.71.

Zions Bancorporation, National Association Price Performance

ZION stock opened at $53.42 on Friday. 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 has a one year low of $38.01 and a one year high of $63.22. The firm has a market capitalization of $7.89 billion, a PE ratio of 10.79, a P/E/G ratio of 1.61 and a beta of 1.11. The firm has a 50-day moving average of $56.03 and a two-hundred day moving average of $53.15.

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

Zions Bancorporation, National Association Dividend Announcement

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

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.