Thrivent Financial for Lutherans Lowers Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Thrivent Financial for Lutherans reduced its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,596,747 shares of the bank’s stock after selling 32,308 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.76% of Zions Bancorporation, National Association worth $112,621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ZION. Sei Investments Co. increased its position in Zions Bancorporation, National Association by 1.9% during the second quarter. Sei Investments Co. now owns 74,861 shares of the bank’s stock worth $3,246,000 after purchasing an additional 1,394 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of Zions Bancorporation, National Association by 25.3% during the 2nd quarter. AE Wealth Management LLC now owns 46,814 shares of the bank’s stock worth $2,030,000 after buying an additional 9,466 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Zions Bancorporation, National Association by 1.2% in the 2nd quarter. Hsbc Holdings PLC now owns 30,247 shares of the bank’s stock worth $1,312,000 after buying an additional 363 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Zions Bancorporation, National Association by 14.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 43,505 shares of the bank’s stock valued at $1,886,000 after acquiring an additional 5,598 shares during the last quarter. Finally, Sierra Summit Advisors LLC grew its position in Zions Bancorporation, National Association by 8.3% during the second quarter. Sierra Summit Advisors LLC now owns 13,863 shares of the bank’s stock valued at $601,000 after acquiring an additional 1,064 shares during the period. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $47.99 on Friday. Zions Bancorporation, National Association has a 1-year low of $28.90 and a 1-year high of $53.32. The company has a 50 day moving average of $47.98 and a 200-day moving average of $44.18. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 2.83 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. The business 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%. Zions Bancorporation, National Association’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 earnings per share. On average, equities analysts forecast that Zions Bancorporation, National Association will post 4.52 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ZION shares. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Wedbush raised their price target on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company dropped their price target on shares of Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 21st. Royal Bank of Canada boosted their target price on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 23rd. Finally, Stephens boosted their price target on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $48.72.

Insiders Place Their Bets

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

Zions Bancorporation, National Association Company 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.