Louisiana State Employees Retirement System Decreases Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Louisiana State Employees Retirement System lowered its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 2.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 40,900 shares of the bank’s stock after selling 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Zions Bancorporation, National Association were worth $1,931,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of ZION. Fidelis Capital Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 1st quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth approximately $28,000. ORG Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth approximately $33,000. International Assets Investment Management LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth approximately $34,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Up 1.5 %

Shares of NASDAQ:ZION opened at $52.93 on Thursday. The firm has a fifty day moving average price of $48.41 and a two-hundred day moving average price of $45.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.78. Zions Bancorporation, National Association has a one year low of $29.78 and a one year high of $53.85. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 1.82 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter last year, the company posted $1.13 EPS. Analysts anticipate that Zions Bancorporation, National Association will post 4.75 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 37.36%.

Wall Street Analysts Forecast Growth

ZION has been the subject of several analyst reports. StockNews.com raised shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. cut their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. The Goldman Sachs Group raised their price objective on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley raised their price objective on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.12.

Insider Activity

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,321,210.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.22% of the company’s stock.

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.