BNP Paribas Arbitrage SA Reduces Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

BNP Paribas Arbitrage SA cut its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,252 shares of the bank’s stock after selling 9,431 shares during the period. BNP Paribas Arbitrage SA owned 0.06% of Zions Bancorporation, National Association worth $6,332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ZION. Eagle Bay Advisors LLC grew its position in shares of Zions Bancorporation, National Association by 361.5% during the third quarter. Eagle Bay Advisors LLC now owns 780 shares of the bank’s stock worth $48,000 after acquiring an additional 611 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Zions Bancorporation, National Association during the fourth quarter worth $53,000. Evoke Wealth LLC lifted its holdings in shares of Zions Bancorporation, National Association by 961.5% during the third quarter. Evoke Wealth LLC now owns 1,104 shares of the bank’s stock worth $68,000 after purchasing an additional 1,000 shares during the period. Smith Group Asset Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 109.4% during the fourth quarter. Smith Group Asset Management LLC now owns 1,206 shares of the bank’s stock worth $76,000 after purchasing an additional 630 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Zions Bancorporation, National Association by 14.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,454 shares of the bank’s stock worth $92,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 82.24% of the company’s stock.

Shares of NASDAQ ZION opened at $53.56 on Friday. Zions Bancorporation, National Association has a one year low of $47.06 and a one year high of $75.44. The business has a 50-day moving average price of $62.78 and a two-hundred day moving average price of $65.17. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $8.11 billion, a PE ratio of 8.72, a PEG ratio of 8.21 and a beta of 1.29.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) last posted its quarterly earnings results on Monday, April 25th. The bank reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.12. Zions Bancorporation, National Association had a return on equity of 14.53% and a net margin of 34.40%. The company had revenue of $694.00 million during the quarter, compared to the consensus estimate of $700.11 million. During the same period last year, the business earned $1.90 EPS. Research analysts anticipate that Zions Bancorporation, National Association will post 5.56 EPS for the current year.

Zions Bancorporation, National Association declared that its Board of Directors has authorized a share buyback plan on Friday, January 28th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the bank to purchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Thursday, May 19th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Wednesday, May 18th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 24.76%.

In related news, VP A Scott Anderson sold 30,703 shares of the firm’s stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $71.85, for a total value of $2,206,010.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James R. Abbott acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The stock was bought at an average cost of $57.03 per share, for a total transaction of $570,300.00. Following the completion of the purchase, the senior vice president now directly owns 77,918 shares in the company, valued at approximately $4,443,663.54. The disclosure for this purchase can be found here. 1.81% of the stock is owned by company insiders.

Several equities research analysts recently commented on the stock. B. Riley decreased their price objective on shares of Zions Bancorporation, National Association from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 26th. Barclays increased their target price on shares of Zions Bancorporation, National Association from $73.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 26th. The Goldman Sachs Group upped their price target on Zions Bancorporation, National Association from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, April 4th. Compass Point upgraded Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $80.00 in a research note on Friday, January 14th. Finally, Zacks Investment Research cut Zions Bancorporation, National Association from a “strong-buy” rating to a “hold” rating and set a $71.00 price objective on the stock. in a research note on Monday, March 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of “Hold” and an average target price of $71.47.

Zions Bancorporation, National Association Profile (Get Rating)

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.

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

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