Meeder Asset Management Inc. increased its position in Zions Bancorporation NA (NASDAQ:ZION) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,062 shares of the bank’s stock after acquiring an additional 622 shares during the quarter. Meeder Asset Management Inc.’s holdings in Zions Bancorporation NA were worth $784,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. LSV Asset Management lifted its holdings in Zions Bancorporation NA by 86.9% during the 1st quarter. LSV Asset Management now owns 5,153,339 shares of the bank’s stock valued at $234,013,000 after purchasing an additional 2,395,500 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Zions Bancorporation NA by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,828,645 shares of the bank’s stock valued at $115,238,000 after purchasing an additional 41,191 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Zions Bancorporation NA by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,744,047 shares of the bank’s stock valued at $111,615,000 after purchasing an additional 76,349 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in Zions Bancorporation NA by 2.0% during the 1st quarter. OppenheimerFunds Inc. now owns 1,843,790 shares of the bank’s stock valued at $83,727,000 after purchasing an additional 36,655 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in Zions Bancorporation NA by 0.4% during the 1st quarter. King Luther Capital Management Corp now owns 1,688,480 shares of the bank’s stock valued at $76,674,000 after purchasing an additional 6,916 shares during the last quarter. Hedge funds and other institutional investors own 98.30% of the company’s stock.
In other Zions Bancorporation NA news, insider A Scott Anderson sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $44.92, for a total value of $449,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Thomas E. Laursen sold 957 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $40.75, for a total transaction of $38,997.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,584 shares of company stock valued at $1,145,848. Insiders own 1.70% of the company’s stock.
Shares of NASDAQ ZION opened at $41.39 on Thursday. Zions Bancorporation NA has a 1-year low of $38.08 and a 1-year high of $54.37. The company has a market cap of $7.23 billion, a PE ratio of 10.14, a P/E/G ratio of 1.21 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 company has a 50-day moving average of $43.65 and a two-hundred day moving average of $46.35.
Zions Bancorporation NA (NASDAQ:ZION) last announced its earnings results on Monday, July 22nd. The bank reported $0.99 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.10). Zions Bancorporation NA had a return on equity of 12.26% and a net margin of 26.99%. The company had revenue of $701.00 million during the quarter, compared to the consensus estimate of $723.21 million. During the same period in the prior year, the firm posted $0.89 earnings per share. As a group, equities research analysts forecast that Zions Bancorporation NA will post 4.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This is an increase from Zions Bancorporation NA’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.29%. Zions Bancorporation NA’s payout ratio is currently 33.33%.
About Zions Bancorporation NA
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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