Natixis Advisors LLC Increases Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Natixis Advisors LLC increased its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,703 shares of the bank’s stock after buying an additional 1,962 shares during the period. Natixis Advisors LLC owned 0.24% of Zions Bancorporation, National Association worth $15,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ZION. Fidelis Capital Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the 1st quarter worth approximately $27,000. Federated Hermes Inc. lifted 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 valued at $28,000 after buying an additional 331 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Zions Bancorporation, National Association during the 4th quarter valued at $29,000. ORG Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth about $33,000. Finally, International Assets Investment Management LLC bought a new position in shares of Zions Bancorporation, National Association in the 2nd quarter worth about $34,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ZION shares. The Goldman Sachs Group upped their price objective on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods lifted their price objective on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a “market perform” rating in a research note on Tuesday, July 23rd. StockNews.com raised Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Argus lowered Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Wedbush increased their price objective on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.61.

Insider Transactions at Zions Bancorporation, National Association

In related news, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the transaction, the president now directly owns 74,286 shares in the company, valued at $3,850,243.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the transaction, the president now owns 74,286 shares of the company’s stock, valued at $3,850,243.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the transaction, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The disclosure for this sale can be found here. Insiders sold 67,073 shares of company stock worth $3,476,298 in the last three months. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Down 2.8 %

ZION stock opened at $47.29 on Thursday. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 2.99 and a beta of 1.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. The business’s 50-day moving average is $47.45 and its two-hundred day moving average is $43.68. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The company had revenue of $776.00 million for the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 earnings per share. As a group, analysts forecast that Zions Bancorporation, National Association will post 4.53 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is 41.21%.

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.