Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. reduced its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,000 shares of the bank’s stock after selling 21,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Zions Bancorporation, National Association were worth $1,139,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its stake in shares of Zions Bancorporation, National Association by 209.1% in the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock valued at $117,000 after acquiring an additional 1,671 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Zions Bancorporation, National Association in the third quarter valued at $119,000. TD Private Client Wealth LLC raised its stake in Zions Bancorporation, National Association by 15.2% in the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock valued at $134,000 after buying an additional 375 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in Zions Bancorporation, National Association in the fourth quarter valued at $201,000. Finally, Crewe Advisors LLC raised its stake in Zions Bancorporation, National Association by 24.9% in the third quarter. Crewe Advisors LLC now owns 3,950 shares of the bank’s stock valued at $187,000 after buying an additional 787 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Jennifer Anne Smith sold 22,673 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the sale, the executive vice president now owns 29,313 shares in the company, valued at $1,655,305.11. This trade 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 at this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were 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 owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,219 shares of company stock worth $2,420,122 over the last 90 days. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $55.12 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a 52-week low of $38.01 and a 52-week high of $63.22. The business’s 50-day moving average price is $56.11 and its 200 day moving average price is $53.05. The firm has a market cap of $8.14 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.65 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The firm had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. During the same quarter last year, the company posted $0.78 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. On average, equities research analysts expect that Zions Bancorporation, National Association will post 5.38 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. Investors of record on Thursday, February 13th were given a $0.43 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.12%. Zions Bancorporation, National Association’s payout ratio is currently 34.75%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stephens raised their price target on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 22nd. Compass Point raised their price target on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Royal Bank of Canada raised their price target on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. DA Davidson raised their price target on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Barclays raised their price target on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an “underweight” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $60.71.

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.