Thrivent Financial for Lutherans Cuts Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Thrivent Financial for Lutherans cut its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,596,747 shares of the bank's stock after selling 32,308 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.76% of Zions Bancorporation, National Association worth $112,621,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Comerica Bank increased its holdings in Zions Bancorporation, National Association by 331.1% during the first quarter. Comerica Bank now owns 118,861 shares of the bank's stock valued at $5,159,000 after buying an additional 91,289 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Zions Bancorporation, National Association during the first quarter valued at approximately $1,959,000. Retirement Systems of Alabama increased its holdings in Zions Bancorporation, National Association by 469.8% during the first quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank's stock valued at $8,074,000 after buying an additional 153,387 shares during the period. Mutual of America Capital Management LLC increased its holdings in Zions Bancorporation, National Association by 345.2% during the first quarter. Mutual of America Capital Management LLC now owns 88,271 shares of the bank's stock valued at $3,831,000 after buying an additional 68,445 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in Zions Bancorporation, National Association by 22.3% during the fourth quarter. Corient Private Wealth LLC now owns 113,846 shares of the bank's stock valued at $4,994,000 after buying an additional 20,721 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zions Bancorporation, National Association

In related news, President Scott J. Mclean sold 60,000 shares of the business's 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 completion of the transaction, the president now directly owns 74,286 shares in the company, valued at $3,850,243.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zions Bancorporation, National Association 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 value of $3,109,800.00. Following the completion of the transaction, the president now owns 74,286 shares of the company's stock, valued at $3,850,243.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction on Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the transaction, the vice president now directly owns 17,857 shares of the company's stock, valued at approximately $925,528.31. The disclosure for this sale can be found here. Insiders sold 67,073 shares of company stock worth $3,476,298 over the last three months. Company insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION traded down $0.46 on Friday, reaching $47.99. 2,664,575 shares of the company's stock traded hands, compared to its average volume of 2,212,743. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 2.83 and a beta of 1.09. The stock has a 50 day moving average price of $48.00 and a 200-day moving average price of $44.24. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.18. The company had revenue of $776.00 million during the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The firm's quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. Equities research analysts predict that Zions Bancorporation, National Association will post 4.52 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a dividend of $0.41 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.42%. Zions Bancorporation, National Association's dividend payout ratio is presently 41.21%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wolfe Research raised shares of Zions Bancorporation, National Association to a "hold" rating in a report on Wednesday. Robert W. Baird lifted their price objective on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a "neutral" rating in a report on Tuesday, July 23rd. Stephens lifted their price target on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 23rd. Compass Point lifted their price target on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, July 24th. Finally, Morgan Stanley lifted their price target on shares of Zions Bancorporation, National Association from $42.00 to $54.00 and gave the stock an "underweight" rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of "Hold" and an average target price of $48.72.

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.