Natixis Advisors LLC Has $20.17 Million Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Natixis Advisors LLC raised its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 21.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZION. Sei Investments Co. boosted its stake in Zions Bancorporation, National Association by 0.7% during the 1st quarter. Sei Investments Co. now owns 73,467 shares of the bank's stock valued at $3,188,000 after purchasing an additional 530 shares in the last quarter. Edgestream Partners L.P. bought a new position in Zions Bancorporation, National Association during the 1st quarter valued at $770,000. Ameritas Investment Partners Inc. lifted its position in shares of Zions Bancorporation, National Association by 1,589.2% during the 1st quarter. Ameritas Investment Partners Inc. now owns 32,669 shares of the bank's stock valued at $1,418,000 after acquiring an additional 30,735 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Zions Bancorporation, National Association by 37.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,271 shares of the bank's stock valued at $489,000 after acquiring an additional 3,061 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Zions Bancorporation, National Association by 19.3% during the 1st quarter. Bessemer Group Inc. now owns 7,978 shares of the bank's stock valued at $347,000 after acquiring an additional 1,291 shares during the last quarter. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, National Association Trading Down 1.0 %

Shares of NASDAQ:ZION traded down $0.58 during trading on Tuesday, hitting $58.61. 472,021 shares of the company's stock were exchanged, compared to its average volume of 2,052,094. The firm has a market cap of $8.66 billion, a P/E ratio of 13.37, a PEG ratio of 5.27 and a beta of 1.07. The firm has a 50-day moving average price of $50.72 and a two-hundred day moving average price of $47.24. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a 1-year low of $33.66 and a 1-year high of $61.80.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the previous year, the company earned $1.13 earnings per share. Equities analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.93%. The ex-dividend date 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 is 39.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ZION shares. Jefferies Financial Group cut their price objective on Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Wednesday, September 11th. Wedbush increased their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. StockNews.com upgraded Zions Bancorporation, National Association from a "sell" rating to a "hold" rating in a research report on Tuesday, July 30th. Robert W. Baird increased their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Finally, Argus lowered Zions Bancorporation, National Association from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $53.59.

Insider Activity

In related news, EVP Jennifer Anne Smith sold 3,605 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the sale, the executive vice president now owns 24,714 shares of the company's stock, valued at approximately $1,434,894.84. The trade was a 12.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of the company's stock in a transaction dated 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 in the company, valued at $2,182,817.52. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,228 shares of company stock worth $519,048 over the last quarter. 2.22% of the stock is currently owned by company insiders.

Zions Bancorporation, National Association Company 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.