BNP Paribas Financial Markets Has $26.22 Million Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

BNP Paribas Financial Markets increased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 413.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 483,363 shares of the bank’s stock after acquiring an additional 389,148 shares during the period. BNP Paribas Financial Markets’ holdings in Zions Bancorporation, National Association were worth $26,222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Algert Global LLC boosted its position in Zions Bancorporation, National Association by 14.6% in the fourth quarter. Algert Global LLC now owns 105,179 shares of the bank’s stock valued at $5,706,000 after buying an additional 13,395 shares in the last quarter. AXA S.A. grew its position in Zions Bancorporation, National Association by 243.8% during the 4th quarter. AXA S.A. now owns 142,089 shares of the bank’s stock worth $7,708,000 after acquiring an additional 100,759 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Zions Bancorporation, National Association in the 4th quarter valued at $241,000. Freestone Grove Partners LP acquired a new position in Zions Bancorporation, National Association in the fourth quarter worth $51,116,000. Finally, AQR Capital Management LLC grew its holdings in shares of Zions Bancorporation, National Association by 34.3% during the fourth quarter. AQR Capital Management LLC now owns 672,245 shares of the bank’s stock worth $36,469,000 after purchasing an additional 171,800 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP Steven Dan Stephens sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total transaction of $557,100.00. Following the completion of the sale, the executive vice president now directly owns 45,847 shares of the company’s stock, valued at approximately $2,554,136.37. This trade represents a 17.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 22,673 shares of the business’s stock in a transaction on 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 directly owns 29,313 shares in the company, valued at approximately $1,655,305.11. This represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,029 shares of company stock worth $1,855,321. 2.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on ZION shares. Robert W. Baird lowered their price objective on shares of Zions Bancorporation, National Association from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Argus upgraded shares of Zions Bancorporation, National Association from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Monday, April 28th. Barclays increased their price objective on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company cut their price target on Zions Bancorporation, National Association from $58.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Finally, 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 report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $58.76.

Zions Bancorporation, National Association Trading Up 3.0 %

NASDAQ ZION opened at $46.77 on Friday. The stock has a market capitalization of $6.90 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.61 and a beta of 0.88. The business has a 50 day simple moving average of $46.55 and a 200 day simple moving average of $53.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, National Association has a one year low of $39.32 and a one year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The company had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $792.49 million. During the same quarter in the prior year, the firm earned $0.96 EPS. Research analysts expect that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association announced that its Board of Directors has approved a stock repurchase program on Monday, February 24th that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the bank to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.72 annualized dividend and a dividend yield of 3.68%. Zions Bancorporation, National Association’s payout ratio is 33.59%.

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.