California Public Employees Retirement System Sells 18,155 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

California Public Employees Retirement System reduced its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) by 5.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 301,368 shares of the bank’s stock after selling 18,155 shares during the period. California Public Employees Retirement System owned about 0.20% of Zions Bancorporation, National Association worth $15,340,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in shares of Zions Bancorporation, National Association in the first quarter valued at approximately $209,000. Daiwa Securities Group Inc. grew its holdings in shares of Zions Bancorporation, National Association by 16.0% in the first quarter. Daiwa Securities Group Inc. now owns 1,686 shares of the bank’s stock valued at $111,000 after acquiring an additional 232 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Zions Bancorporation, National Association by 6.6% in the first quarter. State of New Jersey Common Pension Fund D now owns 79,783 shares of the bank’s stock valued at $5,231,000 after acquiring an additional 4,955 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Zions Bancorporation, National Association in the first quarter valued at approximately $32,000. Finally, Versor Investments LP bought a new position in shares of Zions Bancorporation, National Association in the first quarter valued at approximately $682,000. 81.30% of the stock is owned by institutional investors.

Insider Activity at Zions Bancorporation, National Association

In related news, VP Bruce K. Alexander sold 2,378 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $52.05, for a total value of $123,774.90. Following the transaction, the vice president now owns 15,172 shares of the company’s stock, valued at $789,702.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP James R. Abbott bought 2,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Thursday, November 17th. The shares were acquired at an average price of $50.45 per share, with a total value of $100,900.00. Following the completion of the purchase, the senior vice president now directly owns 79,918 shares in the company, valued at $4,031,863.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Bruce K. Alexander sold 2,378 shares of the stock in a transaction on Monday, October 31st. The shares were sold at an average price of $52.05, for a total value of $123,774.90. Following the completion of the transaction, the vice president now directly owns 15,172 shares in the company, valued at approximately $789,702.60. The disclosure for this sale can be found here. 1.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ZION has been the subject of several recent analyst reports. UBS Group upped their target price on Zions Bancorporation, National Association to $65.00 in a report on Wednesday. Keefe, Bruyette & Woods downgraded Zions Bancorporation, National Association from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $77.00 to $72.00 in a research note on Thursday, October 6th. Barclays dropped their price objective on Zions Bancorporation, National Association from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 25th. StockNews.com started coverage on Zions Bancorporation, National Association in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, DA Davidson dropped their price objective on Zions Bancorporation, National Association from $61.00 to $56.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and an average price target of $62.31.

Zions Bancorporation, National Association Trading Down 0.2 %

Shares of ZION stock opened at $50.68 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.72 and a current ratio of 0.72. Zions Bancorporation, National Association has a 52-week low of $46.58 and a 52-week high of $75.44. The company has a market capitalization of $7.58 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 1.84 and a beta of 1.18. The business’s fifty day moving average is $52.39 and its 200 day moving average is $53.60.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating) last issued its quarterly earnings data on Monday, October 24th. The bank reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.18). Zions Bancorporation, National Association had a return on equity of 14.98% and a net margin of 26.92%. The business had revenue of $838.00 million during the quarter, compared to analysts’ expectations of $816.01 million. During the same quarter last year, the business posted $1.45 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities research analysts anticipate that Zions Bancorporation, National Association will post 5.63 EPS for the current fiscal year.

Zions Bancorporation, National Association declared that its Board of Directors has initiated a share buyback plan on Friday, July 29th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the bank to repurchase up to 0.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Investors of record on Thursday, November 10th were paid a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $1.64 dividend on an annualized basis and a yield of 3.24%. Zions Bancorporation, National Association’s dividend payout ratio is presently 30.94%.

Zions Bancorporation, National Association Company Profile

(Get Rating)

Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington.

Recommended Stories

Want to see what other hedge funds are holding ZION? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zions Bancorporation, National Association (NASDAQ:ZIONGet Rating).

Institutional Ownership by Quarter for Zions Bancorporation, National Association (NASDAQ:ZION)

Receive News & Ratings for Zions Bancorporation National Association Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorporation National Association and related companies with MarketBeat.com's FREE daily email newsletter.