Mutual of America Capital Management LLC Reduces Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Mutual of America Capital Management LLC lessened its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,826 shares of the bank’s stock after selling 907 shares during the period. Mutual of America Capital Management LLC’s holdings in Zions Bancorporation, National Association were worth $870,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Harbor Investment Advisory LLC grew its stake in Zions Bancorporation, National Association by 92.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 123,046 shares of the bank’s stock valued at $5,398,000 after acquiring an additional 59,208 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Zions Bancorporation, National Association during the 4th quarter valued at about $1,336,000. International Assets Investment Management LLC grew its stake in Zions Bancorporation, National Association by 4,136.7% during the 4th quarter. International Assets Investment Management LLC now owns 34,826 shares of the bank’s stock valued at $1,528,000 after acquiring an additional 34,004 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Zions Bancorporation, National Association by 4,111.8% in the 4th quarter. Meeder Asset Management Inc. now owns 166,703 shares of the bank’s stock valued at $7,313,000 after purchasing an additional 162,745 shares during the last quarter. Finally, Bank of Stockton acquired a new position in Zions Bancorporation, National Association in the 4th quarter valued at about $200,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Activity

In other news, VP A Scott Anderson sold 832 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total value of $32,647.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Steven Dan Stephens sold 7,500 shares of the firm’s stock in a transaction 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 directly owns 44,056 shares in the company, valued at approximately $1,797,925.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP A Scott Anderson sold 832 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $39.24, for a total transaction of $32,647.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,022 shares of company stock worth $744,893. 2.22% of the stock is currently owned by corporate insiders.

Zions Bancorporation, National Association Price Performance

Zions Bancorporation, National Association stock opened at $41.32 on Tuesday. The firm has a market cap of $6.10 billion, a PE ratio of 9.50 and a beta of 1.13. Zions Bancorporation, National Association has a 52-week low of $18.26 and a 52-week high of $46.15. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average is $40.78 and its two-hundred day moving average is $39.21.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, April 22nd. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.05). Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. During the same quarter last year, the business earned $1.33 EPS. On average, research analysts expect that Zions Bancorporation, National Association will post 4.27 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were issued a $0.41 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.97%. Zions Bancorporation, National Association’s payout ratio is 37.70%.

Analysts Set New Price Targets

Several equities analysts have weighed in on ZION shares. Evercore ISI boosted their target price on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Royal Bank of Canada boosted their target price on shares of Zions Bancorporation, National Association from $45.00 to $46.00 and gave the company a “sector perform” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a “hold” rating and a $47.00 target price on the stock. Wedbush decreased 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. Finally, Morgan Stanley upped 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 report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.00.

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.