Laird Norton Wetherby Wealth Management LLC Buys New Shares in Zions Bancorporation, National Association (NASDAQ:ZION)

Laird Norton Wetherby Wealth Management LLC bought a new stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,156 shares of the bank’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of Zions Bancorporation, National Association by 51.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after acquiring an additional 183 shares in the last quarter. Covestor Ltd lifted its position in shares of Zions Bancorporation, National Association by 128.1% in the fourth quarter. Covestor Ltd now owns 853 shares of the bank’s stock worth $46,000 after buying an additional 479 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Zions Bancorporation, National Association by 120.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock worth $49,000 after buying an additional 493 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth about $62,000. Finally, Natixis purchased a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth about $102,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 22,673 shares of the 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 transaction, the executive vice president now owns 29,313 shares of the company’s stock, valued at $1,655,305.11. This represents a 43.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.22% of the stock is owned by insiders.

Analyst Ratings Changes

ZION has been the topic of a number of research analyst reports. DA Davidson boosted their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Stephens decreased their target price on Zions Bancorporation, National Association from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Argus upgraded Zions Bancorporation, National Association from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods decreased their target price on Zions Bancorporation, National Association from $65.00 to $58.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their target price on Zions Bancorporation, National Association from $58.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and an average target price of $58.47.

Zions Bancorporation, National Association Trading Up 0.3%

ZION opened at $49.22 on Friday. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 1.61 and a beta of 0.88. The stock’s 50 day moving average price is $46.48 and its 200-day moving average price is $52.87. Zions Bancorporation, National Association has a one year low of $39.32 and a one year high of $63.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $792.49 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, equities analysts forecast that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association declared that its Board of Directors has initiated a stock repurchase program on Monday, February 24th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the bank to buy up to 0.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.49%. Zions Bancorporation, National Association’s dividend payout ratio is 33.59%.

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.