Peterson Wealth Services Has $314,000 Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Peterson Wealth Services trimmed its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 91.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,070 shares of the bank’s stock after selling 78,422 shares during the period. Peterson Wealth Services’ holdings in Zions Bancorporation, National Association were worth $314,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Zions Bancorporation, National Association by 0.3% in the second quarter. BlackRock Inc. now owns 10,446,271 shares of the bank’s stock worth $280,587,000 after purchasing an additional 32,883 shares during the period. State Street Corp increased its position in Zions Bancorporation, National Association by 14.9% in the first quarter. State Street Corp now owns 8,262,892 shares of the bank’s stock worth $247,308,000 after purchasing an additional 1,069,816 shares during the period. Morgan Stanley increased its position in Zions Bancorporation, National Association by 19.8% in the third quarter. Morgan Stanley now owns 4,513,266 shares of the bank’s stock worth $157,468,000 after purchasing an additional 745,919 shares during the period. Invesco Ltd. increased its position in Zions Bancorporation, National Association by 1.4% in the third quarter. Invesco Ltd. now owns 3,973,319 shares of the bank’s stock worth $138,629,000 after purchasing an additional 53,859 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Zions Bancorporation, National Association by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,718,250 shares of the bank’s stock worth $129,730,000 after purchasing an additional 98,719 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 7th. Barclays boosted their target price on Zions Bancorporation, National Association from $35.00 to $47.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. TheStreet upgraded Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. 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 research note on Monday, April 8th. Finally, Royal Bank of Canada boosted their target price on Zions Bancorporation, National Association from $45.00 to $46.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and an average target price of $43.00.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION traded up $0.49 on Thursday, reaching $39.85. The stock had a trading volume of 392,636 shares, compared to its average volume of 3,007,692. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a fifty day moving average of $40.79 and a two-hundred day moving average of $39.02. Zions Bancorporation, National Association has a 1-year low of $18.26 and a 1-year high of $46.15. The company has a market cap of $5.88 billion, a P/E ratio of 9.05 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $754.81 million. During the same period in the prior year, the company earned $1.84 earnings per share. On average, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.27 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio is 37.70%.

Insider Activity

In related news, CEO Harris H. Simmons bought 4,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the chief executive officer now owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Harris H. Simmons bought 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the chief executive officer now owns 1,312,987 shares of the company’s stock, valued at $50,602,518.98. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the transaction, the executive vice president now owns 44,056 shares of the company’s stock, valued at $1,797,925.36. The disclosure for this sale can be found here. In the last three months, insiders sold 18,022 shares of company stock worth $744,893. 2.22% of the stock is currently owned by company insiders.

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.