Public Employees Retirement System of Ohio Has $2.68 Million Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Public Employees Retirement System of Ohio lifted its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,660 shares of the bank’s stock after purchasing an additional 1,523 shares during the period. Public Employees Retirement System of Ohio’s holdings in Zions Bancorporation, National Association were worth $2,675,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its position in shares of Zions Bancorporation, National Association by 3.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 40,875 shares of the bank’s stock valued at $1,773,000 after buying an additional 1,299 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Zions Bancorporation, National Association by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,961 shares of the bank’s stock worth $475,000 after purchasing an additional 372 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at $5,597,000. Blue Trust Inc. increased its position in shares of Zions Bancorporation, National Association by 35.0% during the second quarter. Blue Trust Inc. now owns 4,350 shares of the bank’s stock worth $189,000 after buying an additional 1,128 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new position in Zions Bancorporation, National Association during the second quarter worth $198,000. Institutional investors own 76.84% of the company’s stock.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the firm’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 of the company’s stock, valued at $2,182,817.52. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,881 shares of company stock worth $1,108,184. Corporate insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Price Performance

Zions Bancorporation, National Association stock opened at $57.64 on Tuesday. The firm has a market capitalization of $8.51 billion, a P/E ratio of 13.13, a PEG ratio of 5.10 and a beta of 1.10. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The business has a fifty day moving average price of $55.82 and a 200-day moving average price of $49.45.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.16 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same quarter last year, the company earned $1.13 EPS. As a group, equities research analysts forecast that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.98%. 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 presently 39.18%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Jefferies Financial Group decreased their price target on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, September 11th. Evercore ISI increased their price objective on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wolfe Research raised Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Robert W. Baird upped their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their target price on Zions Bancorporation, National Association from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $55.88.

Zions Bancorporation, National Association 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.