Alaska Permanent Fund Corp Sells 3,018 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Alaska Permanent Fund Corp lowered its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 4.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 72,482 shares of the bank’s stock after selling 3,018 shares during the period. Alaska Permanent Fund Corp’s holdings in Zions Bancorporation, National Association were worth $3,180,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZION. Deutsche Bank AG boosted its holdings in shares of Zions Bancorporation, National Association by 22.1% during the 3rd quarter. Deutsche Bank AG now owns 389,686 shares of the bank’s stock valued at $13,596,000 after acquiring an additional 70,461 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Zions Bancorporation, National Association by 55.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock valued at $2,644,000 after purchasing an additional 21,551 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Zions Bancorporation, National Association by 119.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after purchasing an additional 1,259,571 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Zions Bancorporation, National Association in the 4th quarter valued at approximately $1,268,000. Finally, Nordea Investment Management AB boosted its position in Zions Bancorporation, National Association by 55.2% during the 4th quarter. Nordea Investment Management AB now owns 264,384 shares of the bank’s stock worth $11,678,000 after buying an additional 94,077 shares during the period. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock traded up $0.42 on Wednesday, hitting $42.17. 1,879,124 shares of the company’s stock were exchanged, compared to its average volume of 3,026,617. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.77. The stock has a market capitalization of $6.22 billion, a PE ratio of 10.49 and a beta of 1.13. Zions Bancorporation, National Association has a 1 year low of $18.26 and a 1 year high of $46.15. The company has a 50-day simple moving average of $40.83 and a 200-day simple moving average of $39.26.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.04). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same quarter in the previous year, the firm earned $1.33 earnings per share. As a group, equities analysts anticipate that Zions Bancorporation, National Association will post 4.28 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the transaction, the vice president now directly owns 14,665 shares in the company, valued at $648,926.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP A Scott Anderson sold 4,093 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $44.25, for a total transaction of $181,115.25. Following the transaction, the vice president now directly owns 14,665 shares in the company, valued at approximately $648,926.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was 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 approximately $1,797,925.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,022 shares of company stock valued at $744,893. Company insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ZION shares. Stephens raised their price target 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. 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. TheStreet raised shares of Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Wedbush lowered their price objective 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. Finally, Royal Bank of Canada raised their price target on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Zions Bancorporation, National Association presently has an average rating of “Hold” and a consensus price target of $43.15.

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.