Natixis Advisors LLC Has $24.52 Million Stock Holdings in Zions Bancorporation, N.A. $ZION

Natixis Advisors LLC lowered its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 418,817 shares of the bank’s stock after selling 39,617 shares during the quarter. Natixis Advisors LLC’s holdings in Zions Bancorporation, N.A. were worth $24,518,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Zions Bancorporation, N.A. by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 7,343,076 shares of the bank’s stock valued at $415,474,000 after purchasing an additional 30,552 shares during the period. LSV Asset Management grew its holdings in Zions Bancorporation, N.A. by 1.3% during the fourth quarter. LSV Asset Management now owns 3,888,064 shares of the bank’s stock valued at $227,607,000 after purchasing an additional 48,346 shares during the period. AQR Capital Management LLC grew its holdings in Zions Bancorporation, N.A. by 31.6% during the third quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank’s stock valued at $167,677,000 after purchasing an additional 711,218 shares during the period. Geode Capital Management LLC grew its holdings in Zions Bancorporation, N.A. by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,963,243 shares of the bank’s stock valued at $173,501,000 after purchasing an additional 30,881 shares during the period. Finally, Norges Bank acquired a new position in Zions Bancorporation, N.A. during the fourth quarter valued at approximately $105,700,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION opened at $63.05 on Friday. The firm has a 50-day moving average of $60.99 and a 200-day moving average of $59.09. Zions Bancorporation, N.A. has a one year low of $46.19 and a one year high of $66.18. The company has a market cap of $9.27 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.83.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings data on Monday, April 20th. The bank reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. Zions Bancorporation, N.A. had a net margin of 19.53% and a return on equity of 13.90%. The company had revenue of $859.00 million during the quarter, compared to the consensus estimate of $853.73 million. During the same quarter last year, the firm posted $1.13 EPS. As a group, equities analysts forecast that Zions Bancorporation, N.A. will post 6.44 earnings per share for the current year.

Zions Bancorporation, N.A. declared that its board has approved a stock buyback plan on Saturday, May 2nd that allows the company to repurchase $225.00 million in outstanding shares. This repurchase authorization allows the bank to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, May 14th. Zions Bancorporation, N.A.’s payout ratio is currently 27.99%.

Insider Activity at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 4,209 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $62.50, for a total value of $263,062.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.43% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ZION has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Morgan Stanley decreased their price objective on shares of Zions Bancorporation, N.A. from $75.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Weiss Ratings raised shares of Zions Bancorporation, N.A. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Evercore lifted their price target on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. Finally, Brean Capital initiated coverage on shares of Zions Bancorporation, N.A. in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Zions Bancorporation, N.A. presently has an average rating of “Hold” and an average price target of $65.53.

Zions Bancorporation, N.A. Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle?market firms and high?net?worth clients. Its service portfolio includes deposit accounts, cash?management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.