Meeder Asset Management Inc. Has $784,000 Holdings in Zions Bancorporation NA (NASDAQ:ZION)

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Meeder Asset Management Inc. grew its stake in Zions Bancorporation NA (NASDAQ:ZION) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,062 shares of the bank’s stock after buying an additional 622 shares during the quarter. Meeder Asset Management Inc.’s holdings in Zions Bancorporation NA were worth $784,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. raised its position in shares of Zions Bancorporation NA by 13.0% in the second quarter. Eagle Asset Management Inc. now owns 48,434 shares of the bank’s stock valued at $2,226,000 after purchasing an additional 5,577 shares during the period. Chicago Equity Partners LLC raised its position in shares of Zions Bancorporation NA by 4.0% in the second quarter. Chicago Equity Partners LLC now owns 88,885 shares of the bank’s stock valued at $4,087,000 after purchasing an additional 3,385 shares during the period. Advanced Asset Management Advisors Inc raised its position in shares of Zions Bancorporation NA by 26.7% in the second quarter. Advanced Asset Management Advisors Inc now owns 47,400 shares of the bank’s stock valued at $2,179,000 after purchasing an additional 10,000 shares during the period. Comerica Bank raised its position in shares of Zions Bancorporation NA by 2.5% in the second quarter. Comerica Bank now owns 36,381 shares of the bank’s stock valued at $1,633,000 after purchasing an additional 900 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Zions Bancorporation NA by 10.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 325,793 shares of the bank’s stock valued at $14,914,000 after purchasing an additional 29,635 shares during the period. Institutional investors own 98.30% of the company’s stock.

ZION has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Zions Bancorporation NA from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a research report on Thursday, June 27th. BidaskClub lowered shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. Bank of America increased their price objective on shares of Zions Bancorporation NA from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods lowered shares of Zions Bancorporation NA from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $53.00 to $47.00 in a research report on Tuesday, July 23rd. Finally, SunTrust Banks dropped their price objective on shares of Zions Bancorporation NA to $52.00 and set a “reduce” rating on the stock in a research report 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 issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $52.56.

ZION stock opened at $41.39 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 0.83. The company’s 50-day simple moving average is $43.65 and its 200 day simple moving average is $46.35. Zions Bancorporation NA has a 52 week low of $38.08 and a 52 week high of $54.37. The company has a market capitalization of $7.23 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.21 and a beta of 1.49.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This is an increase from Zions Bancorporation NA’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 3.29%. Zions Bancorporation NA’s dividend payout ratio is 33.33%.

In related news, insider David E. Blackford sold 2,312 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $45.13, for a total value of $104,340.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Thomas E. Laursen sold 957 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $40.75, for a total transaction of $38,997.75. The disclosure for this sale can be found here. Insiders sold 25,584 shares of company stock worth $1,145,848 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

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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