Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. grew its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 63.5% during the 4th quarter, Holdings Channel reports. The firm owned 299,181 shares of the bank’s stock after buying an additional 116,179 shares during the period. Natixis Advisors L.P.’s holdings in Zions Bancorporation, National Association were worth $13,124,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Federated Hermes Inc. boosted its position in Zions Bancorporation, National Association by 105.4% during the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after acquiring an additional 331 shares during the last quarter. Versant Capital Management Inc grew its holdings in Zions Bancorporation, National Association by 4,613.3% in the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after purchasing an additional 2,076 shares during the period. Daiwa Securities Group Inc. raised its stake in Zions Bancorporation, National Association by 15.5% during the third quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank’s stock worth $122,000 after purchasing an additional 469 shares during the period. EMC Capital Management acquired a new position in shares of Zions Bancorporation, National Association in the 3rd quarter valued at $126,000. Finally, Covestor Ltd increased its holdings in shares of Zions Bancorporation, National Association by 22.7% during the 3rd quarter. Covestor Ltd now owns 4,367 shares of the bank’s stock worth $152,000 after buying an additional 809 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Trading Up 0.3 %

Zions Bancorporation, National Association stock opened at $43.81 on Wednesday. The firm has a 50-day moving average price of $41.31 and a two-hundred day moving average price of $39.81. Zions Bancorporation, National Association has a 52-week low of $21.96 and a 52-week high of $46.15. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 11.01 and a beta of 1.13. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. During the same period last year, the company earned $1.33 earnings per share. Sell-side analysts expect that Zions Bancorporation, National Association will post 4.38 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 41.21%.

Insider Activity at Zions Bancorporation, National Association

In related news, CEO Alan M. Forney sold 1,500 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the transaction, the chief executive officer now owns 22,181 shares in the company, valued at approximately $968,866.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the completion of the transaction, the executive vice president now directly owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the sale, the chief executive officer now directly owns 22,181 shares in the company, valued at approximately $968,866.08. The disclosure for this sale can be found here. Insiders have sold a total of 19,888 shares of company stock worth $827,655 over the last ninety days. 2.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stephens boosted their price target on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 23rd. Jefferies Financial Group dropped their price objective 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. Robert W. Baird lowered their price target on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Evercore ISI upped their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada increased their target price on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.