Zions Bancorporation, N.A. $ZION Shares Sold by KBC Group NV

KBC Group NV cut its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 34.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,345 shares of the bank’s stock after selling 2,270 shares during the period. KBC Group NV’s holdings in Zions Bancorporation, N.A. were worth $226,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Zions Bancorporation, N.A. by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank’s stock worth $351,027,000 after acquiring an additional 233,252 shares during the period. LSV Asset Management boosted its position in Zions Bancorporation, N.A. by 3.7% during the first quarter. LSV Asset Management now owns 3,791,047 shares of the bank’s stock worth $189,022,000 after purchasing an additional 136,870 shares in the last quarter. AQR Capital Management LLC grew its holdings in Zions Bancorporation, N.A. by 326.4% in the first quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank’s stock valued at $139,927,000 after purchasing an additional 2,194,514 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Zions Bancorporation, N.A. by 9.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,834,949 shares of the bank’s stock valued at $147,247,000 after buying an additional 240,329 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Zions Bancorporation, N.A. by 57.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,133,336 shares of the bank’s stock worth $106,368,000 after buying an additional 778,861 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jennifer Anne Smith sold 2,458 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the transaction, the executive vice president directly owned 27,133 shares in the company, valued at approximately $1,441,033.63. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.77% of the company’s stock.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION opened at $49.34 on Wednesday. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22. The company’s 50 day simple moving average is $54.18 and its 200 day simple moving average is $52.82. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 0.85 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its earnings results on Monday, June 12th. The bank reported $1.32 EPS for the quarter. The firm had revenue of $705.00 million during the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.84%. On average, sell-side analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, November 13th. Zions Bancorporation, N.A.’s dividend payout ratio is presently 32.26%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ZION shares. Royal Bank Of Canada increased their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company increased their price target on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 22nd. DA Davidson lifted their price objective on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. TD Cowen assumed coverage on Zions Bancorporation, N.A. in a research note on Thursday, September 25th. They issued a “hold” rating and a $64.00 target price on the stock. Finally, Evercore ISI raised their price target on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.29.

Zions Bancorporation, N.A. 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.