Xponance Inc. Sells 1,730 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Xponance Inc. reduced its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,766 shares of the bank’s stock after selling 1,730 shares during the period. Xponance Inc.’s holdings in Zions Bancorporation, National Association were worth $684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZION. Comerica Bank raised its position in shares of Zions Bancorporation, National Association by 331.1% during the first quarter. Comerica Bank now owns 118,861 shares of the bank’s stock worth $5,159,000 after acquiring an additional 91,289 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Zions Bancorporation, National Association in the 1st quarter worth approximately $1,959,000. Retirement Systems of Alabama boosted its stake in shares of Zions Bancorporation, National Association by 469.8% in the 1st quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock valued at $8,074,000 after purchasing an additional 153,387 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Zions Bancorporation, National Association by 345.2% during the first quarter. Mutual of America Capital Management LLC now owns 88,271 shares of the bank’s stock worth $3,831,000 after buying an additional 68,445 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of Zions Bancorporation, National Association by 71.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 118,248 shares of the bank’s stock worth $5,136,000 after buying an additional 49,213 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association 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 sale, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Scott J. Mclean sold 60,000 shares of the stock in a transaction 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 of the company’s stock, valued at $3,850,243.38. The disclosure for this sale can be found here. Insiders sold a total of 67,073 shares of company stock valued at $3,476,298 over the last three months. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Trading Up 0.3 %

Shares of Zions Bancorporation, National Association stock opened at $46.46 on Monday. The company has a market capitalization of $6.86 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 2.84 and a beta of 1.09. The stock has a fifty day simple moving average of $47.71 and a 200 day simple moving average of $44.46. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $761.61 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.52 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

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 $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.53%. Zions Bancorporation, National Association’s payout ratio is presently 41.21%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Argus downgraded Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Compass Point lifted their target price on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Robert W. Baird boosted their price target on 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. Wedbush raised their price objective on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Stephens boosted 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. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $48.72.

Zions Bancorporation, National Association 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.