Natixis Advisors LLC Buys 74,344 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Natixis Advisors LLC boosted its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 21.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 427,047 shares of the bank’s stock after purchasing an additional 74,344 shares during the quarter. Natixis Advisors LLC owned about 0.29% of Zions Bancorporation, National Association worth $20,166,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ZION. Sei Investments Co. boosted its position in Zions Bancorporation, National Association by 0.7% during the first quarter. Sei Investments Co. now owns 73,467 shares of the bank’s stock worth $3,188,000 after purchasing an additional 530 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Zions Bancorporation, National Association during the first quarter worth approximately $770,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Zions Bancorporation, National Association by 1,589.2% during the first quarter. Ameritas Investment Partners Inc. now owns 32,669 shares of the bank’s stock worth $1,418,000 after buying an additional 30,735 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 37.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,271 shares of the bank’s stock worth $489,000 after buying an additional 3,061 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Zions Bancorporation, National Association by 19.3% during the first quarter. Bessemer Group Inc. now owns 7,978 shares of the bank’s stock worth $347,000 after buying an additional 1,291 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial upped their price target on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Wedbush upped their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Argus lowered Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Stephens upped their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $53.59.

Insiders Place Their Bets

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the completion of the sale, the executive vice president now owns 24,714 shares in the company, valued at $1,321,210.44. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the sale, the vice president now owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,228 shares of company stock valued at $519,048. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock opened at $59.19 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a fifty day moving average price of $50.72 and a two-hundred day moving average price of $47.24. Zions Bancorporation, National Association has a 52-week low of $33.66 and a 52-week high of $61.80. The firm has a market capitalization of $8.74 billion, a P/E ratio of 13.48, a P/E/G ratio of 5.27 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $781.63 million. During the same quarter in the prior year, the business earned $1.13 earnings per share. As a group, analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 39.18%.

About Zions Bancorporation, National Association

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.