Zions Bancorporation, National Association (NASDAQ:ZION) Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 371.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152,150 shares of the bank’s stock after acquiring an additional 119,871 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of Zions Bancorporation, National Association worth $6,599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter worth approximately $359,000. Principal Securities Inc. acquired a new position in Zions Bancorporation, National Association in the 4th quarter valued at $126,000. Teacher Retirement System of Texas raised its holdings in Zions Bancorporation, National Association by 91.1% in the 4th quarter. Teacher Retirement System of Texas now owns 31,703 shares of the bank’s stock worth $1,391,000 after acquiring an additional 15,114 shares during the period. BNP Paribas Financial Markets lifted its position in Zions Bancorporation, National Association by 34.8% during the 4th quarter. BNP Paribas Financial Markets now owns 167,560 shares of the bank’s stock worth $7,351,000 after acquiring an additional 43,271 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Zions Bancorporation, National Association by 5.5% during the fourth quarter. Principal Financial Group Inc. now owns 190,649 shares of the bank’s stock valued at $8,364,000 after acquiring an additional 9,957 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Argus downgraded shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Robert W. Baird upped their price objective on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Morgan Stanley raised their target price on Zions Bancorporation, National Association from $42.00 to $54.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods upped their price target on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a “market perform” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com raised Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and an average target price of $48.83.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $46.49 on Monday. Zions Bancorporation, National Association has a twelve month low of $28.90 and a twelve month high of $53.32. The company has a market cap of $6.86 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 2.73 and a beta of 1.09. The business’s 50 day moving average price is $47.78 and its two-hundred day moving average price is $44.02. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18. The company had revenue of $776.00 million for the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 EPS. On average, analysts predict that Zions Bancorporation, National Association will post 4.52 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 41.21%.

Insider Buying and Selling

In other news, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the sale, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock worth $3,476,298 in the last 90 days. Insiders own 2.22% of the company’s stock.

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.