Natixis Advisors LLC Sells 22,874 Shares of Zions Bancorporation, N.A. (NASDAQ:ZION)

Key Points

• Natixis Advisors LLC has reduced its stake in Zions Bancorporation, N.A. by 5.2%, now owning 417,097 shares valued at approximately $20.8 million as of its latest filing.
• While Zions Bancorporation's stock recently decreased by 2.9%, the company reported increased quarterly earnings, beating expectations with $1.58 earnings per share compared to the consensus estimate of $1.31.
• The bank has announced a quarterly dividend increase from $0.43 to $0.45 per share, resulting in an annual yield of 3.5%.

Natixis Advisors LLC decreased its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 417,097 shares of the bank's stock after selling 22,874 shares during the quarter. Natixis Advisors LLC owned 0.28% of Zions Bancorporation, N.A. worth $20,796,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL raised its stake in shares of Zions Bancorporation, N.A. by 4.7% in the fourth quarter. Blair William & Co. IL now owns 6,713 shares of the bank's stock valued at $364,000 after purchasing an additional 303 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter valued at $793,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Zions Bancorporation, N.A. by 21.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 22,530 shares of the bank's stock worth $1,222,000 after acquiring an additional 3,973 shares during the period. Franklin Resources Inc. lifted its position in shares of Zions Bancorporation, N.A. by 22.3% in the fourth quarter. Franklin Resources Inc. now owns 248,903 shares of the bank's stock worth $13,503,000 after purchasing an additional 45,336 shares in the last quarter. Finally, Prudential PLC bought a new stake in shares of Zions Bancorporation, N.A. during the 4th quarter worth approximately $392,000. Hedge funds and other institutional investors own 76.84% of the company's stock.

Zions Bancorporation, N.A. Trading Down 0.6%

NASDAQ ZION traded down $0.32 during trading on Thursday, hitting $51.20. The stock had a trading volume of 2,351,735 shares, compared to its average volume of 1,617,054. The company has a market capitalization of $7.56 billion, a PE ratio of 9.36, a PEG ratio of 1.38 and a beta of 0.93. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $52.16 and a 200 day moving average price of $50.71. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The bank reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.27. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%. The business had revenue of $838.00 million for the quarter, compared to analyst estimates of $810.24 million. During the same quarter last year, the company earned $1.28 earnings per share. As a group, equities research analysts forecast that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.45 per share. This is a boost from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.5%. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is 32.91%.

Analyst Ratings Changes

ZION has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and lifted their price objective for the company from $45.00 to $60.00 in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price target on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Argus upgraded shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a report on Monday, April 28th. Finally, Stephens decreased their price objective on Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $60.78.

About Zions Bancorporation, N.A.

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.