California State Teachers Retirement System Has $7.07 Million Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

California State Teachers Retirement System lessened its stake in Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,253 shares of the bank’s stock after selling 6,826 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Zions Bancorporation, National Association worth $7,074,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its stake in shares of Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after acquiring an additional 331 shares during the last quarter. Versant Capital Management Inc grew its holdings in Zions Bancorporation, National Association by 4,613.3% during the fourth quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after purchasing an additional 2,076 shares during the period. EMC Capital Management bought a new stake in Zions Bancorporation, National Association in the third quarter valued at approximately $126,000. Principal Securities Inc. acquired a new stake in Zions Bancorporation, National Association in the fourth quarter worth $126,000. Finally, Covestor Ltd boosted its position in shares of Zions Bancorporation, National Association by 22.7% during the third quarter. Covestor Ltd now owns 4,367 shares of the bank’s stock worth $152,000 after purchasing an additional 809 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on ZION shares. Evercore ISI raised their price objective on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. raised their price target on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Royal Bank of Canada boosted their price objective on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, April 10th. They set a “hold” rating and a $47.00 target price on the stock. Finally, Jefferies Financial Group reduced their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association presently has an average rating of “Hold” and an average price target of $43.33.

View Our Latest Report on ZION

Zions Bancorporation, National Association Trading Up 1.2 %

Shares of Zions Bancorporation, National Association stock opened at $41.54 on Monday. Zions Bancorporation, National Association has a 12-month low of $26.35 and a 12-month high of $46.15. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $42.37 and its 200-day moving average is $41.42. The stock has a market cap of $6.13 billion, a P/E ratio of 10.44, a P/E/G ratio of 4.77 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. During the same period last year, the company posted $1.33 earnings per share. Equities research analysts predict that Zions Bancorporation, National Association will post 4.37 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Wednesday, May 15th. Zions Bancorporation, National Association’s payout ratio is currently 41.21%.

Insiders Place Their Bets

In other news, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at $970,911.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the transaction, the executive vice president now directly owns 22,238 shares in the company, valued at $970,911.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The disclosure for this sale can be found here. Insiders have sold a total of 7,296 shares of company stock valued at $319,192 over the last 90 days. 2.22% of the stock is currently owned by insiders.

About Zions Bancorporation, National Association

(Free Report)

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.

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

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