Rice Hall James & Associates LLC Lowers Stock Holdings in Zions Bancorporation NA (NASDAQ:ZION)

Rice Hall James & Associates LLC trimmed its position in shares of Zions Bancorporation NA (NASDAQ:ZION) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,303 shares of the bank’s stock after selling 1,099 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Zions Bancorporation NA were worth $3,049,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ZION. Parametric Portfolio Associates LLC raised its position in Zions Bancorporation NA by 42.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 1,135,427 shares of the bank’s stock valued at $51,560,000 after purchasing an additional 336,446 shares in the last quarter. Sapience Investments LLC grew its stake in Zions Bancorporation NA by 13.7% during the 1st quarter. Sapience Investments LLC now owns 75,550 shares of the bank’s stock worth $3,431,000 after buying an additional 9,080 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in Zions Bancorporation NA during the 1st quarter worth approximately $744,000. CX Institutional grew its stake in shares of Zions Bancorporation NA by 21.5% in the 2nd quarter. CX Institutional now owns 24,502 shares of the bank’s stock valued at $1,127,000 after purchasing an additional 4,338 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Zions Bancorporation NA by 40.8% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 49,369 shares of the bank’s stock valued at $2,242,000 after purchasing an additional 14,305 shares during the last quarter. Institutional investors own 95.25% of the company’s stock.

In other news, insider A Scott Anderson sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $44.92, for a total value of $449,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander Hume sold 9,929 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $45.17, for a total value of $448,492.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,615 shares of company stock valued at $1,197,961. Insiders own 1.70% of the company’s stock.



Several brokerages have weighed in on ZION. Keefe, Bruyette & Woods downgraded Zions Bancorporation NA from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $53.00 to $47.00 in a research note on Tuesday, July 23rd. Zacks Investment Research downgraded Zions Bancorporation NA from a “buy” rating to a “hold” rating and set a $46.00 target price on the stock. in a research note on Thursday, June 27th. Barclays lowered their target price on Zions Bancorporation NA from $60.00 to $56.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 23rd. BMO Capital Markets lowered their target price on Zions Bancorporation NA to $47.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 23rd. Finally, SunTrust Banks lowered their target price on Zions Bancorporation NA to $52.00 and set a “reduce” rating on the stock in a research note on Tuesday, July 23rd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Zions Bancorporation NA presently has a consensus rating of “Hold” and a consensus price target of $52.56.

ZION stock traded down $0.07 during midday trading on Thursday, hitting $39.58. 669,206 shares of the stock were exchanged, compared to its average volume of 2,996,384. The stock’s 50-day moving average is $44.37. The stock has a market capitalization of $7.26 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.49. Zions Bancorporation NA has a fifty-two week low of $38.08 and a fifty-two week high of $54.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 0.83.

Zions Bancorporation NA (NASDAQ:ZION) last released its quarterly earnings results on Monday, July 22nd. The bank reported $0.99 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.10). Zions Bancorporation NA had a return on equity of 12.26% and a net margin of 26.99%. The company had revenue of $701.00 million during the quarter, compared to analyst estimates of $723.21 million. During the same period last year, the firm earned $0.89 earnings per share. Analysts predict that Zions Bancorporation NA will post 4.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.44%. This is a boost from Zions Bancorporation NA’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, August 14th. Zions Bancorporation NA’s payout ratio is 29.41%.

Zions Bancorporation NA Company Profile

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

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Institutional Ownership by Quarter for Zions Bancorporation NA (NASDAQ:ZION)

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