Zions Bancorporation, National Association (NASDAQ:ZION) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. increased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 63.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,181 shares of the bank's stock after purchasing an additional 116,179 shares during the quarter. Natixis Advisors L.P. owned approximately 0.20% of Zions Bancorporation, National Association worth $13,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC raised its holdings in shares of Zions Bancorporation, National Association by 1.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 22,288 shares of the bank's stock worth $978,000 after acquiring an additional 286 shares in the last quarter. Yousif Capital Management LLC raised its stake in Zions Bancorporation, National Association by 1.2% during the fourth quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank's stock valued at $1,148,000 after purchasing an additional 310 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Zions Bancorporation, National Association by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank's stock valued at $2,229,000 after purchasing an additional 330 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank's stock worth $28,000 after buying an additional 331 shares in the last quarter. Finally, New Mexico Educational Retirement Board increased its holdings in shares of Zions Bancorporation, National Association by 5.5% in the 3rd quarter. New Mexico Educational Retirement Board now owns 7,672 shares of the bank's stock worth $268,000 after buying an additional 400 shares during the last quarter. Institutional investors own 76.84% of the company's stock.

Insider Activity at Zions Bancorporation, National Association

In related news, CEO Harris H. Simmons bought 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,312,987 shares in the company, valued at $50,602,518.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Harris H. Simmons purchased 4,000 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the chief executive officer now owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the completion of the transaction, the executive vice president now directly owns 44,056 shares in the company, valued at approximately $1,797,925.36. The disclosure for this sale can be found here. Insiders have sold a total of 19,888 shares of company stock valued at $827,655 over the last ninety days. 2.22% of the stock is owned by company insiders.

Zions Bancorporation, National Association Stock Up 0.7 %

NASDAQ ZION traded up $0.32 on Wednesday, reaching $44.13. 1,158,261 shares of the stock traded hands, compared to its average volume of 2,866,525. Zions Bancorporation, National Association has a 12 month low of $21.96 and a 12 month high of $46.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. The company has a fifty day moving average price of $41.43 and a 200-day moving average price of $39.84. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 11.09 and a beta of 1.13.

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

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.72%. Zions Bancorporation, National Association's dividend payout ratio is presently 41.21%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ZION. Wedbush lowered their price target on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a "neutral" rating for the company in a report on Tuesday, January 23rd. Evercore ISI lifted their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. UBS Group decreased their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, April 23rd. Morgan Stanley lifted their price objective on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 7th. Finally, Stephens boosted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.