Mutual of America Capital Management LLC Sells 3,731 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Mutual of America Capital Management LLC trimmed its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,540 shares of the bank’s stock after selling 3,731 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Zions Bancorporation, National Association worth $3,666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Zions Bancorporation, National Association by 103.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock worth $7,163,000 after acquiring an additional 4,993,164 shares during the period. Norges Bank bought a new position in Zions Bancorporation, National Association in the 4th quarter worth approximately $67,694,000. Dimensional Fund Advisors LP boosted its stake in Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock worth $271,003,000 after purchasing an additional 929,251 shares during the period. Principal Financial Group Inc. raised its position in shares of Zions Bancorporation, National Association by 197.5% during the first quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock valued at $24,616,000 after buying an additional 376,549 shares during the last quarter. Finally, rhino investment partners Inc purchased a new position in shares of Zions Bancorporation, National Association in the fourth quarter worth $15,553,000. Institutional investors own 76.84% of the company’s stock.

Analysts Set New Price Targets

ZION has been the subject of several research analyst reports. Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Argus downgraded Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their price target on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a “sector perform” rating in a report on Tuesday, July 23rd. Finally, Jefferies Financial Group reduced their price objective on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Zions Bancorporation, National Association currently has an average rating of “Hold” and a consensus price target of $48.72.

Insider Activity

In related news, EVP Terry Alan Shirey sold 1,917 shares of the 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 transaction, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $99,262.26. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 67,073 shares of company stock valued at $3,476,298. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION stock opened at $47.99 on Monday. The stock has a 50 day moving average price of $48.00 and a 200 day moving average price of $44.29. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $7.09 billion, a P/E ratio of 12.06, a P/E/G ratio of 2.83 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. The firm had revenue of $776.00 million during 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 business’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 earnings per share. As a group, sell-side analysts predict that Zions Bancorporation, National Association will post 4.52 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

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

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.