21,215 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 21,215 shares of the bank’s stock, valued at approximately $931,000.

Several other large investors also recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. raised its position in Zions Bancorporation, National Association by 119.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock valued at $101,396,000 after purchasing an additional 1,259,571 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in Zions Bancorporation, National Association during the third quarter worth about $28,113,000. Artemis Investment Management LLP bought a new position in shares of Zions Bancorporation, National Association in the fourth quarter worth about $28,025,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Zions Bancorporation, National Association in the third quarter worth about $13,759,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Zions Bancorporation, National Association by 16.9% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,326,970 shares of the bank’s stock valued at $81,188,000 after purchasing an additional 336,893 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zions Bancorporation, National Association

In other news, CEO Harris H. Simmons bought 4,000 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the chief executive officer now directly owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP A Scott Anderson sold 4,093 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $44.25, for a total transaction of $181,115.25. Following the completion of the sale, the vice president now directly owns 14,665 shares of the company’s stock, valued at $648,926.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harris H. Simmons purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,312,987 shares of the company’s stock, valued at approximately $50,602,518.98. The disclosure for this purchase can be found here. Insiders have sold a total of 18,022 shares of company stock valued at $744,893 over the last 90 days. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Down 2.1 %

ZION stock traded down $0.90 during midday trading on Thursday, reaching $41.27. 1,529,668 shares of the company’s stock traded hands, compared to its average volume of 3,008,446. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $46.15. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 10.37 and a beta of 1.13. The firm’s fifty day moving average price is $40.86 and its 200-day moving average price is $39.30. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Monday, April 22nd. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $1.33 EPS. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 4.29 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were issued a $0.41 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.97%. Zions Bancorporation, National Association’s dividend payout ratio is presently 41.21%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ZION shares. JPMorgan Chase & Co. increased their price objective on 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 4th. Jefferies Financial Group decreased their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Compass Point reaffirmed a “neutral” rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. Wedbush reduced their price objective on shares of 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 23rd. Finally, Morgan Stanley raised their target price on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.16.

About Zions Bancorporation, National Association

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.