Mutual of America Capital Management LLC Sells 4,716 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Mutual of America Capital Management LLC trimmed its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,824 shares of the bank’s stock after selling 4,716 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Zions Bancorporation, National Association worth $3,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ZION. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association in the third quarter worth about $28,000. ORG Partners LLC purchased a new position in shares of Zions Bancorporation, National Association in the second quarter worth approximately $33,000. International Assets Investment Management LLC bought a new stake in Zions Bancorporation, National Association during the second quarter valued at approximately $34,000. Rothschild Investment LLC purchased a new stake in Zions Bancorporation, National Association during the second quarter valued at approximately $39,000. Finally, Abich Financial Wealth Management LLC increased its holdings in Zions Bancorporation, National Association by 49.7% during the first quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock valued at $49,000 after buying an additional 372 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZION. Truist Financial boosted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. 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 note on Wednesday, September 11th. Barclays raised their target price on shares of Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $54.63.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total value of $234,422.10. Following the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $75,319.92. Following the completion of the transaction, the vice president now directly owns 35,878 shares in the company, valued at $2,182,817.52. This represents 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 90 days. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Trading Up 1.0 %

ZION stock opened at $59.25 on Friday. The firm has a market cap of $8.75 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 5.21 and a beta of 1.07. The firm has a fifty day moving average price of $51.53 and a 200 day moving average price of $47.51. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. Zions Bancorporation, National Association has a fifty-two week low of $33.66 and a fifty-two week high of $61.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping 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 return on equity of 13.89% and a net margin of 14.09%. During the same quarter in the previous year, the business earned $1.13 EPS. Sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s payout ratio is 39.18%.

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.