Strs Ohio Trims Position in Zions Bancorporation NA (NASDAQ:ZION)

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Strs Ohio lessened its holdings in shares of Zions Bancorporation NA (NASDAQ:ZION) by 45.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,780 shares of the bank’s stock after selling 21,320 shares during the quarter. Strs Ohio’s holdings in Zions Bancorporation NA were worth $1,185,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. First Interstate Bank acquired a new stake in shares of Zions Bancorporation NA during the 1st quarter worth $27,000. Buffington Mohr McNeal acquired a new stake in shares of Zions Bancorporation NA during the 1st quarter worth $30,000. Valeo Financial Advisors LLC increased its holdings in shares of Zions Bancorporation NA by 48.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 898 shares of the bank’s stock worth $41,000 after buying an additional 295 shares during the last quarter. Private Capital Group LLC increased its holdings in shares of Zions Bancorporation NA by 325.9% during the 1st quarter. Private Capital Group LLC now owns 1,167 shares of the bank’s stock worth $53,000 after buying an additional 893 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. increased its holdings in shares of Zions Bancorporation NA by 200.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 1,500 shares of the bank’s stock worth $68,000 after buying an additional 1,000 shares during the last quarter. 95.25% of the stock is currently owned by institutional investors.

Shares of NASDAQ ZION opened at $41.24 on Wednesday. Zions Bancorporation NA has a 12-month low of $38.08 and a 12-month high of $54.76. The firm has a market cap of $7.41 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.23 and a beta of 1.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $44.46.

Zions Bancorporation NA (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.10). The company had revenue of $701.00 million during the quarter, compared to analyst estimates of $723.21 million. Zions Bancorporation NA had a net margin of 26.99% and a return on equity of 12.26%. During the same quarter in the prior year, the company posted $0.89 earnings per share. As a group, equities analysts predict that Zions Bancorporation NA will post 4.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th will be given a $0.34 dividend. This is a boost from Zions Bancorporation NA’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Wednesday, August 14th. Zions Bancorporation NA’s dividend payout ratio is presently 29.41%.

A number of analysts have recently commented on ZION shares. Zacks Investment Research downgraded Zions Bancorporation NA from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a report on Thursday, June 27th. BidaskClub downgraded Zions Bancorporation NA from a “hold” rating to a “sell” rating in a report on Wednesday. BMO Capital Markets dropped their price objective on Zions Bancorporation NA to $47.00 and set a “market perform” rating for the company in a report on Tuesday, July 23rd. Barclays dropped their price objective on Zions Bancorporation NA from $60.00 to $56.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. Finally, Wells Fargo & Co downgraded Zions Bancorporation NA from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $62.00 to $50.00 in a report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Zions Bancorporation NA presently has an average rating of “Hold” and an average price target of $52.56.

In other Zions Bancorporation NA news, insider David E. Blackford sold 2,312 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $45.13, for a total value of $104,340.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Richard Young sold 2,386 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $43.93, for a total transaction of $104,816.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,615 shares of company stock valued at $1,197,961. 1.70% of the stock is currently owned by corporate insiders.

Zions Bancorporation NA Company Profile

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

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Institutional Ownership by Quarter for Zions Bancorporation NA (NASDAQ:ZION)

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