Vanguard Personalized Indexing Management LLC Increases Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Vanguard Personalized Indexing Management LLC lifted its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 14.8% in the second quarter, HoldingsChannel reports. The firm owned 43,505 shares of the bank’s stock after buying an additional 5,598 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Zions Bancorporation, National Association were worth $1,886,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ZION. Price T Rowe Associates Inc. MD grew its holdings in shares of Zions Bancorporation, National Association by 103.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock valued at $7,163,000 after purchasing an additional 4,993,164 shares during the period. Norges Bank purchased a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at about $67,694,000. Dimensional Fund Advisors LP grew its holdings in shares of Zions Bancorporation, National Association by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after purchasing an additional 929,251 shares during the period. Principal Financial Group Inc. lifted its position in Zions Bancorporation, National Association by 197.5% in the first quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock valued at $24,616,000 after buying an additional 376,549 shares during the last quarter. Finally, rhino investment partners Inc acquired a new position in Zions Bancorporation, National Association in the fourth quarter valued at about $15,553,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 21st. Royal Bank of Canada upped their target price on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 23rd. Compass Point upped their target price on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Stephens upped their target price on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Morgan Stanley upped their target price on shares of Zions Bancorporation, National Association from $42.00 to $54.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.72.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Terry Alan Shirey sold 1,917 shares of the firm’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 sale, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. The disclosure for this sale can be found here. Insiders have sold a total of 67,073 shares of company stock valued at $3,476,298 over the last 90 days. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association Stock Down 0.9 %

Shares of NASDAQ:ZION opened at $47.99 on Friday. The firm’s 50 day moving average price is $48.00 and its 200 day moving average price is $44.26. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 2.83 and a beta of 1.09. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. The firm had revenue of $776.00 million for the quarter, compared to analysts’ expectations 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 company earned $1.11 earnings per share. As a group, equities research analysts predict that Zions Bancorporation, National Association will post 4.52 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a $0.41 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 annualized dividend and a yield of 3.42%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 41.21%.

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.