Meeder Asset Management Inc. Grows Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Meeder Asset Management Inc. grew its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 4,111.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,703 shares of the bank's stock after buying an additional 162,745 shares during the quarter. Meeder Asset Management Inc. owned approximately 0.11% of Zions Bancorporation, National Association worth $7,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of Zions Bancorporation, National Association by 628.2% in the 2nd quarter. IFP Advisors Inc now owns 954 shares of the bank's stock valued at $26,000 after purchasing an additional 823 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter valued at about $27,000. Ronald Blue Trust Inc. raised its holdings in shares of Zions Bancorporation, National Association by 274.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank's stock valued at $73,000 after purchasing an additional 1,538 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Zions Bancorporation, National Association by 51.5% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,251 shares of the bank's stock valued at $83,000 after purchasing an additional 425 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Zions Bancorporation, National Association by 4,613.3% in the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank's stock valued at $93,000 after purchasing an additional 2,076 shares during the period. 76.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the sale, the executive vice president now owns 44,056 shares in the company, valued at approximately $1,797,925.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the sale, the executive vice president now owns 44,056 shares in the company, valued at $1,797,925.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP A Scott Anderson sold 4,093 shares of the firm's stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $44.25, for a total transaction of $181,115.25. Following the completion of the sale, the vice president now owns 14,665 shares in the company, valued at approximately $648,926.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,022 shares of company stock worth $744,893. Corporate insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION traded up $0.36 on Friday, reaching $42.08. 1,443,949 shares of the company's stock were exchanged, compared to its average volume of 3,810,271. The company has a fifty day moving average of $40.76 and a 200-day moving average of $38.66. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 9.67 and a beta of 1.13. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.10). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $754.81 million. Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. During the same quarter in the prior year, the business posted $1.84 EPS. On average, research analysts predict that Zions Bancorporation, National Association will post 4.3 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, February 22nd. Investors of record on Thursday, February 15th were given a dividend of $0.41 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 3.90%. Zions Bancorporation, National Association's dividend payout ratio is 37.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wedbush dropped their target price on shares of 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. Robert W. Baird lowered their price target on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a "neutral" rating on the stock in a report on Tuesday, January 23rd. TheStreet raised shares of Zions Bancorporation, National Association from a "c+" rating to a "b-" rating in a report on Wednesday, January 3rd. Truist Financial reissued a "hold" rating and issued a $46.00 price target on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Finally, Morgan Stanley increased their price target on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an "underweight" rating in a report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of "Hold" and an average target price of $42.06.

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.