Axa S.A. Trims Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Axa S.A. cut its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 57.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,030 shares of the bank’s stock after selling 99,960 shares during the period. Axa S.A. owned about 0.05% of Zions Bancorporation, National Association worth $3,211,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Fidelis Capital Partners LLC bought a new position in Zions Bancorporation, National Association in the first quarter worth about $27,000. Jones Financial Companies Lllp bought a new position in Zions Bancorporation, National Association in the fourth quarter worth approximately $29,000. ORG Partners LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $33,000. International Assets Investment Management LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $34,000. Finally, Rothschild Investment LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $39,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction on Friday, July 26th. The shares were 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 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 other news, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the transaction, the president now owns 74,286 shares in the company, valued at $3,850,243.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock valued at $3,476,298 in the last three months. 2.22% of the stock is owned by corporate insiders.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock opened at $46.46 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $6.86 billion, a PE ratio of 11.67, a P/E/G ratio of 2.84 and a beta of 1.09. Zions Bancorporation, National Association has a 12 month low of $28.90 and a 12 month high of $53.32. The company has a fifty day moving average price of $47.71 and a two-hundred day moving average price of $44.46.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The firm had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. During the same quarter last year, the business posted $1.11 EPS. Zions Bancorporation, National Association’s revenue was down .5% on a year-over-year basis. Research analysts expect that Zions Bancorporation, National Association will post 4.52 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is currently 41.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZION. Compass Point lifted their price target on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Truist Financial lowered their price objective on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Robert W. Baird upped their target price on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Finally, The Goldman Sachs Group upped their price target on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $48.72.

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.