Wellington Management Group LLP Cuts Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Wellington Management Group LLP decreased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 48.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,765 shares of the bank’s stock after selling 47,897 shares during the period. Wellington Management Group LLP’s holdings in Zions Bancorporation, National Association were worth $1,806,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ZION. Kentucky Retirement Systems Insurance Trust Fund increased its position in Zions Bancorporation, National Association by 4.3% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,392 shares of the bank’s stock valued at $274,000 after buying an additional 221 shares in the last quarter. Creative Planning increased its holdings in shares of Zions Bancorporation, National Association by 2.5% during the second quarter. Creative Planning now owns 11,260 shares of the bank’s stock valued at $573,000 after acquiring an additional 275 shares in the last quarter. Empirical Finance LLC raised its position in shares of Zions Bancorporation, National Association by 7.6% in the 4th quarter. Empirical Finance LLC now owns 4,240 shares of the bank’s stock worth $208,000 after purchasing an additional 301 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Zions Bancorporation, National Association by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock worth $2,229,000 after purchasing an additional 330 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in Zions Bancorporation, National Association by 7.5% during the 4th quarter. Mackenzie Financial Corp now owns 4,881 shares of the bank’s stock valued at $240,000 after purchasing an additional 340 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $43.15 on Thursday. Zions Bancorporation, National Association has a 12-month low of $18.26 and a 12-month high of $46.15. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $6.37 billion, a P/E ratio of 9.92 and a beta of 1.12. The stock has a 50-day moving average price of $40.80 and a 200 day moving average price of $38.33.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.10). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $754.81 million. Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. During the same period in the prior year, the firm posted $1.84 EPS. Equities research analysts forecast that Zions Bancorporation, National Association will post 4.32 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were paid a dividend of $0.41 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.80%. Zions Bancorporation, National Association’s dividend payout ratio is presently 37.70%.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, CEO Harris H. Simmons acquired 3,600 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average price of $38.99 per share, with a total value of $140,364.00. Following the completion of the purchase, the chief executive officer now directly owns 1,261,866 shares of the company’s stock, valued at approximately $49,200,155.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Harris H. Simmons acquired 3,600 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $38.99 per share, with a total value of $140,364.00. Following the transaction, the chief executive officer now directly owns 1,261,866 shares in the company, valued at $49,200,155.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP A Scott Anderson sold 4,093 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $44.25, for a total transaction of $181,115.25. Following the sale, the vice president now directly owns 14,665 shares of the company’s stock, valued at approximately $648,926.25. The disclosure for this sale can be found here. Insiders have sold a total of 18,022 shares of company stock valued at $744,893 over the last ninety days. 2.22% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Zions Bancorporation, National Association from $32.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, December 14th. Stephens upped their price target on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, January 23rd. Morgan Stanley lifted their price objective on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an “underweight” rating in a report on Wednesday, February 7th. Compass Point reaffirmed a “neutral” rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th. Finally, TheStreet upgraded shares of Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and a consensus price target of $40.79.

Zions Bancorporation, National Association Company 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.