State of New Jersey Common Pension Fund D Has $1.94 Million Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

State of New Jersey Common Pension Fund D lowered its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 38.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,611 shares of the bank’s stock after selling 27,958 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Zions Bancorporation, National Association were worth $1,935,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new position in Zions Bancorporation, National Association in the first quarter valued at about $27,000. Jones Financial Companies Lllp bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at about $29,000. ORG Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at approximately $34,000. Finally, Rothschild Investment LLC bought a new position in Zions Bancorporation, National Association during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Price Performance

NASDAQ:ZION opened at $47.99 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. The firm has a fifty day simple moving average of $48.00 and a 200 day simple moving average of $44.26. Zions Bancorporation, National Association has a 1-year low of $28.90 and a 1-year high of $53.32. The stock has a market capitalization of $7.09 billion, a PE ratio of 12.06, a P/E/G ratio of 2.83 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. During the same period in the prior year, the firm earned $1.11 EPS. Zions Bancorporation, National Association’s quarterly revenue was down .5% compared to the same quarter last year. On average, research analysts expect that Zions Bancorporation, National Association will post 4.52 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.41 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.42%. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the completion of the transaction, the president now directly owns 74,286 shares of the company’s stock, valued at $3,850,243.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the completion of the sale, the president now directly owns 74,286 shares in the company, valued at $3,850,243.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the transaction, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,073 shares of company stock valued at $3,476,298. 2.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZION. Robert W. Baird upped their target price on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Compass Point upped their price objective 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. Argus lowered Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods increased their price target on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company dropped their price target on 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. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.72.

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.