Teacher Retirement System of Texas boosted its position in shares of Zions Bancorporation NA (NASDAQ:ZION) by 140.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 411,545 shares of the bank’s stock after acquiring an additional 240,507 shares during the quarter. Teacher Retirement System of Texas owned 0.23% of Zions Bancorporation NA worth $18,923,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZION. Meeder Asset Management Inc. increased its holdings in shares of Zions Bancorporation NA by 3.8% in the second quarter. Meeder Asset Management Inc. now owns 17,062 shares of the bank’s stock valued at $784,000 after purchasing an additional 622 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Zions Bancorporation NA by 42.1% in the first quarter. Parametric Portfolio Associates LLC now owns 1,135,427 shares of the bank’s stock valued at $51,560,000 after acquiring an additional 336,446 shares in the last quarter. Sapience Investments LLC grew its stake in shares of Zions Bancorporation NA by 13.7% in the first quarter. Sapience Investments LLC now owns 75,550 shares of the bank’s stock valued at $3,431,000 after acquiring an additional 9,080 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of Zions Bancorporation NA in the first quarter valued at about $744,000. Finally, CX Institutional grew its stake in shares of Zions Bancorporation NA by 21.5% in the second quarter. CX Institutional now owns 24,502 shares of the bank’s stock valued at $1,127,000 after acquiring an additional 4,338 shares in the last quarter. 98.30% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on ZION shares. Bank of America upped their price target on shares of Zions Bancorporation NA from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. BMO Capital Markets decreased their price target on shares of Zions Bancorporation NA to $47.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 23rd. BidaskClub downgraded shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Wells Fargo & Co restated a “hold” rating on shares of Zions Bancorporation NA in a research note on Friday, August 16th. Finally, SunTrust Banks decreased their price target on shares of Zions Bancorporation NA to $52.00 and set a “reduce” rating on the stock in a research note on Tuesday, July 23rd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $52.56.

Zions Bancorporation NA stock traded down $0.03 during trading hours on Friday, reaching $41.11. 24,836 shares of the stock were exchanged, compared to its average volume of 2,809,363. The company has a market cap of $7.16 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 1.20 and a beta of 1.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. Zions Bancorporation NA has a twelve month low of $38.08 and a twelve month high of $54.37. The stock has a 50 day moving average of $43.57 and a two-hundred day moving average of $46.31.

Zions Bancorporation NA (NASDAQ:ZION) last posted its earnings results on Monday, July 22nd. The bank reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.10). The company had revenue of $701.00 million during the quarter, compared to the consensus estimate of $723.21 million. Zions Bancorporation NA had a return on equity of 12.26% and a net margin of 26.99%. During the same period last year, the company posted $0.89 EPS. On average, analysts expect that Zions Bancorporation NA will post 4.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.31%. This is a boost from Zions Bancorporation NA’s previous quarterly dividend of $0.30. Zions Bancorporation NA’s dividend payout ratio is 33.33%.

In other news, General Counsel Thomas E. Laursen sold 957 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $40.75, for a total value of $38,997.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander Hume sold 9,929 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $45.17, for a total transaction of $448,492.93. The disclosure for this sale can be found here. Insiders sold 23,272 shares of company stock valued at $1,041,508 in the last three months. Company insiders own 1.70% of the company’s stock.

About Zions Bancorporation NA

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

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Institutional Ownership by Quarter for Zions Bancorporation NA (NASDAQ:ZION)

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