Nisa Investment Advisors LLC Has $3.11 Million Position in Zions Bancorporation NA (NASDAQ:ZION)

Nisa Investment Advisors LLC raised its holdings in shares of Zions Bancorporation NA (NASDAQ:ZION) by 20.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,636 shares of the bank’s stock after purchasing an additional 11,644 shares during the period. Nisa Investment Advisors LLC’s holdings in Zions Bancorporation NA were worth $3,110,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. LSV Asset Management boosted its position in shares of Zions Bancorporation NA by 86.9% in the first quarter. LSV Asset Management now owns 5,153,339 shares of the bank’s stock valued at $234,013,000 after acquiring an additional 2,395,500 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Zions Bancorporation NA by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,828,645 shares of the bank’s stock valued at $115,238,000 after purchasing an additional 41,191 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Zions Bancorporation NA by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,744,047 shares of the bank’s stock valued at $111,615,000 after purchasing an additional 76,349 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of Zions Bancorporation NA by 2.0% in the first quarter. OppenheimerFunds Inc. now owns 1,843,790 shares of the bank’s stock valued at $83,727,000 after purchasing an additional 36,655 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Zions Bancorporation NA in the fourth quarter valued at $71,781,000. Hedge funds and other institutional investors own 98.30% of the company’s stock.

In other news, General Counsel Thomas E. Laursen sold 957 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $40.75, for a total transaction of $38,997.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider A Scott Anderson sold 10,000 shares of Zions Bancorporation NA stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $44.92, for a total value of $449,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,272 shares of company stock worth $1,041,508. 1.70% of the stock is currently owned by insiders.

A number of research analysts recently commented on the company. Zacks Investment Research lowered Zions Bancorporation NA from a “buy” rating to a “hold” rating and set a $46.00 target price for the company. in a research note on Thursday, June 27th. BMO Capital Markets dropped their price objective on Zions Bancorporation NA to $47.00 and set a “market perform” rating for the company in a research note on Tuesday, July 23rd. Bank of America increased their price objective on Zions Bancorporation NA from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods lowered Zions Bancorporation NA from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $53.00 to $47.00 in a research note on Tuesday, July 23rd. Finally, Barclays lowered their target price on Zions Bancorporation NA from $60.00 to $56.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.56.

Shares of ZION opened at $40.03 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Zions Bancorporation NA has a 1 year low of $38.08 and a 1 year high of $54.37. The stock has a market cap of $7.08 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 1.20 and a beta of 1.49. The stock’s 50-day moving average price is $43.47 and its two-hundred day moving average price is $46.27.

Zions Bancorporation NA (NASDAQ:ZION) last issued its earnings results on Monday, July 22nd. The bank reported $0.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.10). Zions Bancorporation NA had a return on equity of 12.26% and a net margin of 26.99%. The company had revenue of $701.00 million for the quarter, compared to the consensus estimate of $723.21 million. During the same quarter last year, the business posted $0.89 EPS. As a group, equities analysts forecast that Zions Bancorporation NA will post 4.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.40%. This is a positive change from Zions Bancorporation NA’s previous quarterly dividend of $0.30. Zions Bancorporation NA’s dividend payout ratio (DPR) is currently 33.33%.

Zions Bancorporation NA Profile

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

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Institutional Ownership by Quarter for Zions Bancorporation NA (NASDAQ:ZION)

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