Victory Capital Management Inc. Takes Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Victory Capital Management Inc. purchased a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,255 shares of the bank's stock, valued at approximately $1,108,000.

A number of other large investors also recently bought and sold shares of ZION. Raymond James Financial Services Advisors Inc. raised its holdings in Zions Bancorporation, National Association by 4.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 31,541 shares of the bank's stock valued at $1,100,000 after buying an additional 1,437 shares during the period. New Mexico Educational Retirement Board raised its stake 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 valued at $268,000 after acquiring an additional 400 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Zions Bancorporation, National Association by 15.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank's stock valued at $122,000 after acquiring an additional 469 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Zions Bancorporation, National Association by 19.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 63,667 shares of the bank's stock valued at $2,221,000 after acquiring an additional 10,582 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in Zions Bancorporation, National Association during the 3rd quarter worth $491,000. Hedge funds and other institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

ZION stock traded up $0.24 during trading on Tuesday, hitting $44.04. 1,089,514 shares of the company's stock traded hands, compared to its average volume of 2,720,629. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 11.08 and a beta of 1.13. Zions Bancorporation, National Association has a 52 week low of $26.35 and a 52 week high of $46.15. The stock has a fifty day moving average price of $42.05 and a two-hundred day moving average price of $40.70. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. During the same period in the prior year, the company earned $1.33 EPS. As a group, equities analysts anticipate that Zions Bancorporation, National Association will post 4.37 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be given 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 yield of 3.72%. Zions Bancorporation, National Association's dividend payout ratio is currently 41.21%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ZION. UBS Group reduced their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 23rd. StockNews.com upgraded Zions Bancorporation, National Association from a "sell" rating to a "hold" rating in a report on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Zions Bancorporation, National Association in a research note on Wednesday, April 10th. They set a "hold" rating and a $47.00 price objective on the stock. Stephens upped their target price on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 23rd. Finally, Jefferies Financial Group dropped their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating on the stock in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $43.16.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Mark Richard Young sold 5,597 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $40.21, for a total value of $225,055.37. Following the completion of the transaction, the vice president now owns 12,133 shares in the company, valued at approximately $487,867.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Alan M. Forney sold 1,500 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value 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 approximately $968,866.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Mark Richard Young sold 5,597 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $40.21, for a total transaction of $225,055.37. Following the completion of the transaction, the vice president now owns 12,133 shares of the company's stock, valued at $487,867.93. The disclosure for this sale can be found here. Insiders sold 12,893 shares of company stock worth $544,248 in the last 90 days. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association 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.