Natixis Advisors L.P. Buys 116,179 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Natixis Advisors L.P. grew its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 63.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,181 shares of the bank’s stock after buying an additional 116,179 shares during the quarter. Natixis Advisors L.P. owned 0.20% of Zions Bancorporation, National Association worth $13,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ZION. Victory Capital Management Inc. bought a new stake in Zions Bancorporation, National Association during the fourth quarter valued at approximately $1,108,000. Kestra Private Wealth Services LLC increased its stake in shares of Zions Bancorporation, National Association by 1.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 22,288 shares of the bank’s stock worth $978,000 after purchasing an additional 286 shares in the last quarter. Mather Group LLC. raised its holdings in Zions Bancorporation, National Association by 15.3% in the 4th quarter. Mather Group LLC. now owns 7,019 shares of the bank’s stock worth $308,000 after purchasing an additional 930 shares during the period. Semanteon Capital Management LP purchased a new position in Zions Bancorporation, National Association during the fourth quarter valued at $931,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in Zions Bancorporation, National Association by 5.9% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 10,441 shares of the bank’s stock valued at $457,000 after purchasing an additional 583 shares during the period. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Up 0.3 %

Shares of NASDAQ:ZION opened at $43.81 on Wednesday. The company has a 50-day moving average price of $41.31 and a 200 day moving average price of $39.81. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. Zions Bancorporation, National Association has a 12 month low of $21.96 and a 12 month high of $46.15. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 11.01 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same period in the previous year, the business earned $1.33 earnings per share. As a group, equities research analysts predict that Zions Bancorporation, National Association will post 4.38 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were 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 in the company, valued at approximately $970,911.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Alan M. Forney sold 1,500 shares of the business’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 sale, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at $968,866.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the completion of the transaction, the executive vice president now directly owns 22,238 shares in the company, valued at approximately $970,911.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,888 shares of company stock worth $827,655. 2.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ZION has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective on the stock. Stephens increased their price objective on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Wedbush decreased their price target on Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. Finally, Jefferies Financial Group dropped their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus target price of $43.16.

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.