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International Assets Investment Management LLC Buys 34,004 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)


International Assets Investment Management LLC increased its position in Zions Bancorporation, National Association (NASDAQ:ZION – Free Report) by 4,136.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 34,826 shares of the bank, after purchasing a further 34,004 shares during the period. International Assets Investment Management LLC’s holdings in Zions Bancorporation, National Association were worth $1,528,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in shares of Zions Bancorporation, National Association by 4,613.3% in the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after purchasing an additional 2,076 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Zions Bancorporation, National Association by 15.5% during the third quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank’s stock worth $122,000, after purchasing an additional 469 shares during the period. EMC Capital Management acquired a new position in shares of Zions Bancorporation, National Association in the third quarter valued at approximately $126,000. Covestor Ltd increased its stake in Zions Bancorporation, National Association by 22.7% during the third quarter. Covestor Ltd now owns 4,367 shares of the bank’s stock worth $152,000 after purchasing an additional 809 shares in the last quarter. Finally, Traynor acquired Capital Management Inc. in the fourth quarter, a new stake in Zions Bancorporation, National Association valued at approximately $204,000. Institutional investors and hedge funds own 76.84% of the company’s shares.

Zions Bancorporation, National Association is trading down 0.9%

ZION shares opened at $43.94 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. Zions Bancorporation, National Association has a fifty-two week low of $22.49 and a fifty-two week high of $46.15. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 11.04 and a beta of 1.13. The stock’s fifty-day moving average price is $41.74 and its two-hundred-day moving average price is $40.21.

Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) last posted its earnings results on Friday, April 26. The bank reported earnings per share of $0.96 for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same period last year, the company posted earnings per share of $1.33. Stock analysts predict that Zions Bancorporation, National Association will post earnings per share of 4.38 for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23. Investors of record on Thursday, May 16 will receive a dividend of $0.41 per share. This represents a dividend of $1.64 annually and a dividend yield of 3.73%. The ex-dividend date of this dividend is Wednesday, May 15. Zions Bancorporation, National Association’s Dividend Payout Ratio (DPR) is 41.21%.

Analyst upgrades and downgrades

Several brokers have recently released reports on ZION. Stephens lifted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equalweight” rating in a research report on Tuesday, January 23. Evercore ISI raised their price objective on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28. Wedbush lowered their price target on Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23. UBS Group lowered their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 23. Finally, JPMorgan Chase & Co. raised his price target for shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 4. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and a consensus target price of $43.16.

Check out our latest analysis on ZION

Buying and selling with insider information

In other news, CEO Alan M. Forney sold 1,500 shares of the company’s stock in a transaction dated Friday, May 3. The stock sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the CEO now directly owns 22,181 shares in the company, valued at $968,866.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Mark Richard Young sold 5,597 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock sold at an average price of $40.21, for a total value of $225,055.37. Following the completion of the sale, the Vice President now directly owns 12,133 shares of the company’s stock, valued at approximately $487,867.93. The sale was disclosed in a document filed with the SEC, which can be accessed via this link. Also, CEO Alan M. Forney sold 1,500 shares of the company’s stock in a transaction on Friday, May 3. The shares sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the CEO now owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The explanation of this sale can be found here. Insiders have sold 19,888 shares of the company worth $827,655 in the last 90 days. Insiders own 2.22% of the company’s shares.

About Zions Bancorporation, National Association

(Free report)

Zions Bancorporation, National Association offers 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 the Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and The Commerce Bank of Washington segments.

Also see

Would you like to see which other hedge funds own ZION? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Zions Bancorporation, National Association (NASDAQ:ZION – Free Report).

Quarterly Institutional Ownership for Zions Bancorporation, National Association (NASDAQ:ZION)



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