Headlands Technologies LLC Acquires 3,613 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Headlands Technologies LLC increased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,287 shares of the bank’s stock after purchasing an additional 3,613 shares during the period. Headlands Technologies LLC’s holdings in Zions Bancorporation, National Association were worth $1,643,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ZION. Cerity Partners LLC boosted its position in Zions Bancorporation, National Association by 27.7% during the 3rd quarter. Cerity Partners LLC now owns 30,787 shares of the bank’s stock valued at $1,454,000 after acquiring an additional 6,683 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Zions Bancorporation, National Association by 35.6% during the 3rd quarter. Bank of Montreal Can now owns 58,427 shares of the bank’s stock worth $2,715,000 after purchasing an additional 15,354 shares during the last quarter. FMR LLC boosted its position in Zions Bancorporation, National Association by 7.2% during the third quarter. FMR LLC now owns 282,205 shares of the bank’s stock valued at $13,326,000 after purchasing an additional 19,072 shares in the last quarter. Townsquare Capital LLC grew its stake in Zions Bancorporation, National Association by 14.1% in the third quarter. Townsquare Capital LLC now owns 25,980 shares of the bank’s stock valued at $1,227,000 after purchasing an additional 3,205 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Zions Bancorporation, National Association by 1.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 430,406 shares of the bank’s stock worth $20,324,000 after purchasing an additional 5,358 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Down 0.8 %

Zions Bancorporation, National Association stock opened at $49.48 on Wednesday. The business’s 50-day moving average price is $53.30 and its 200 day moving average price is $53.82. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. Zions Bancorporation, National Association has a 52 week low of $39.05 and a 52 week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping 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 business had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $787.70 million. During the same quarter last year, the company earned $0.78 EPS. The business’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate 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 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 dividend yield of 3.48%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 34.75%.

Zions Bancorporation, National Association declared that its board has authorized a share buyback program on Monday, February 24th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the bank to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

ZION has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group upgraded 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. Stephens reissued an “equal weight” rating and issued a $64.00 price objective on shares of Zions Bancorporation, National Association in a research report on Wednesday, March 5th. Finally, Compass Point upped their target price on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. 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. Based on data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $60.94.

Insiders Place Their Bets

In related news, EVP Jennifer Anne Smith sold 22,673 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 29,313 shares of the company’s stock, valued at approximately $1,655,305.11. This represents a 43.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value 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. The trade was a 17.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,713 shares of company stock worth $1,839,686. Company insiders own 2.22% of the company’s stock.

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.