Natixis Makes New Investment in Zions Bancorporation, National Association (NASDAQ:ZION)

Natixis purchased a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,911 shares of the bank’s stock, valued at approximately $1,211,000.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Zions Bancorporation, National Association by 55.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock valued at $2,644,000 after purchasing an additional 21,551 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Zions Bancorporation, National Association by 119.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock valued at $101,396,000 after purchasing an additional 1,259,571 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Zions Bancorporation, National Association by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,746,184 shares of the bank’s stock valued at $164,345,000 after purchasing an additional 27,934 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $1,268,000. Finally, Retirement Systems of Alabama grew its position in shares of Zions Bancorporation, National Association by 469.8% in the first 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. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZION has been the topic of a number of analyst reports. Stephens raised their target price on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Royal Bank of Canada raised their target price on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Evercore ISI raised their target price on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Robert W. Baird raised their target price on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.06.

Zions Bancorporation, National Association Trading Up 1.6 %

Shares of ZION stock traded up $0.82 during mid-day trading on Thursday, reaching $51.80. The company’s stock had a trading volume of 2,036,122 shares, compared to its average volume of 2,379,245. The company’s 50 day simple moving average is $44.04 and its 200-day simple moving average is $42.41. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $7.65 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 5.36 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, July 22nd. The bank reported $1.28 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 14.13%. The business had revenue of $776.00 million for the quarter, compared to the consensus estimate of $761.61 million. During the same quarter last year, the firm posted $1.11 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts predict that Zions Bancorporation, National Association will post 4.36 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.17%. The ex-dividend date was Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 41.21%.

Insider Buying and Selling

In related news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total transaction of $231,005.06. Following the sale, the executive vice president now owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the transaction, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the transaction, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at $970,911.08. The disclosure for this sale can be found here. Insiders have sold 7,296 shares of company stock valued at $319,192 in the last quarter. Company 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.