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

Thrivent Financial for Lutherans reduced its stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,103,781 shares of the bank's stock after selling 46,322 shares during the period. Thrivent Financial for Lutherans owned 1.42% of Zions Bancorporation, National Association worth $114,130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in Zions Bancorporation, National Association by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after purchasing an additional 183 shares during the period. CIBC Asset Management Inc lifted its position in Zions Bancorporation, National Association by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank's stock worth $245,000 after purchasing an additional 224 shares during the period. Contravisory Investment Management Inc. lifted its position in Zions Bancorporation, National Association by 1.5% during the fourth quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank's stock worth $937,000 after purchasing an additional 249 shares during the period. Jackson Creek Investment Advisors LLC lifted its position in Zions Bancorporation, National Association by 3.3% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank's stock worth $490,000 after purchasing an additional 285 shares during the period. Finally, Arizona State Retirement System lifted its position in Zions Bancorporation, National Association by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,839 shares of the bank's stock worth $2,324,000 after purchasing an additional 322 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Trading Down 0.3 %

Zions Bancorporation, National Association stock traded down $0.13 during mid-day trading on Friday, hitting $49.51. 12,259,739 shares of the stock were exchanged, compared to its average volume of 1,497,699. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a 12 month low of $39.05 and a 12 month high of $63.22. The firm's fifty day simple moving average is $54.30 and its two-hundred day simple moving average is $53.51. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.61 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The firm had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. During the same quarter last year, the business earned $0.78 EPS. The company's revenue was up 12.2% compared to the same quarter last year. Analysts forecast that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a yield of 3.47%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 34.75%.

Zions Bancorporation, National Association declared that its board has initiated a share buyback program on Monday, February 24th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the bank to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group assumed coverage on shares of Zions Bancorporation, National Association in a report on Tuesday, December 17th. They issued a "neutral" rating and a $64.00 target price for the company. The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 target price for the company in a report on Tuesday, January 7th. Morgan Stanley dropped their target price on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. DA Davidson increased their target price on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Finally, Stephens reissued an "equal weight" rating and issued a $64.00 target price on shares of Zions Bancorporation, National Association in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Zions Bancorporation, National Association presently has an average rating of "Hold" and an average target price of $61.18.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the completion of the sale, the executive vice president now owns 45,847 shares in the company, valued at approximately $2,554,136.37. The trade was a 17.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the sale, the executive vice president now owns 29,313 shares of the company's stock, valued at $1,655,305.11. This trade represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,713 shares of company stock worth $1,839,686. 2.22% of the stock is owned by corporate 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.