New York State Common Retirement Fund Cuts Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

New York State Common Retirement Fund decreased its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 9.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 105,395 shares of the bank’s stock after selling 10,402 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Zions Bancorporation, National Association worth $4,624,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ZION. Commonwealth Equity Services LLC boosted its stake in shares of Zions Bancorporation, National Association by 3.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 53,352 shares of the bank’s stock valued at $1,861,000 after purchasing an additional 1,762 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Zions Bancorporation, National Association by 39.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 126,893 shares of the bank’s stock valued at $4,427,000 after buying an additional 35,815 shares during the last quarter. Xponance Inc. raised its holdings in Zions Bancorporation, National Association by 1.8% during the 3rd quarter. Xponance Inc. now owns 25,164 shares of the bank’s stock valued at $878,000 after buying an additional 454 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Zions Bancorporation, National Association by 4.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 31,541 shares of the bank’s stock valued at $1,100,000 after buying an additional 1,437 shares during the last quarter. Finally, Bailard Inc. bought a new stake in Zions Bancorporation, National Association during the 3rd quarter valued at $220,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock opened at $43.62 on Friday. Zions Bancorporation, National Association has a one year low of $18.26 and a one year high of $46.15. The company’s 50-day moving average is $41.10 and its 200 day moving average is $39.59. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 10.96 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $747.21 million. During the same period last year, the company posted $1.33 earnings per share. Sell-side analysts expect that Zions Bancorporation, National Association will post 4.38 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Wednesday, May 15th. Zions Bancorporation, National Association’s payout ratio is presently 41.21%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Jefferies Financial Group lowered 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. Truist Financial restated a “hold” rating and issued a $46.00 price objective on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. UBS Group decreased their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. Robert W. Baird decreased their price objective on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada upped their price objective on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus target price of $43.16.

Insider Activity

In other news, VP A Scott Anderson sold 832 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total transaction of $32,647.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP A Scott Anderson sold 832 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total transaction of $32,647.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the sale, the executive vice president now directly owns 44,056 shares in the company, valued at approximately $1,797,925.36. The disclosure for this sale can be found here. Insiders have sold a total of 15,429 shares of company stock valued at $629,298 in the last 90 days. 2.22% of the stock is currently owned by insiders.

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.