Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. cut its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,640 shares of the bank’s stock after selling 545 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Zions Bancorporation, National Association were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Ieq Capital LLC boosted its stake in Zions Bancorporation, National Association by 139.5% during the 4th quarter. Ieq Capital LLC now owns 52,592 shares of the bank’s stock worth $2,853,000 after purchasing an additional 30,635 shares during the last quarter. Convergence Investment Partners LLC acquired a new position in Zions Bancorporation, National Association during the fourth quarter worth about $1,710,000. Venturi Wealth Management LLC grew its stake in Zions Bancorporation, National Association by 13.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,802 shares of the bank’s stock valued at $152,000 after acquiring an additional 332 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Zions Bancorporation, National Association by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank’s stock valued at $245,000 after acquiring an additional 224 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in Zions Bancorporation, National Association in the 4th quarter worth approximately $2,538,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the business’s stock in a transaction dated 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 directly owns 29,313 shares of the company’s stock, valued at approximately $1,655,305.11. The trade was a 43.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven Dan Stephens sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the completion of the sale, the executive vice president now directly owns 45,847 shares in the company, valued at approximately $2,554,136.37. This trade represents a 17.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,713 shares of company stock valued at $1,839,686. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association Price Performance

ZION opened at $52.85 on Tuesday. The stock’s 50-day moving average price is $55.93 and its 200 day moving average price is $53.25. Zions Bancorporation, National Association has a 12-month low of $38.01 and a 12-month high of $63.22. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.61 and a beta of 1.11. 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 issued its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. The business 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%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. As a group, sell-side analysts expect that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association declared that its board has approved a stock repurchase plan on Monday, February 24th that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the bank to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 3.25%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 34.75%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ZION. Evercore ISI upped their price target 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. Barclays upped their target price on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an “underweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, January 22nd. 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 objective for the company in a report on Tuesday, January 7th. Finally, UBS Group initiated coverage on shares of Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They set a “neutral” rating and a $64.00 target price on the stock. 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 company’s stock. According to MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and an average 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.