Meeder Asset Management Inc. Has $746,000 Holdings in Zions Bancorporation NA (ZION)
Meeder Asset Management Inc. boosted its stake in shares of Zions Bancorporation NA (NASDAQ:ZION) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,440 shares of the bank’s stock after buying an additional 818 shares during the period. Meeder Asset Management Inc.’s holdings in Zions Bancorporation NA were worth $746,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its holdings in Zions Bancorporation NA by 0.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 29,218 shares of the bank’s stock worth $1,190,000 after buying an additional 216 shares during the period. Dupont Capital Management Corp lifted its holdings in Zions Bancorporation NA by 1.0% during the fourth quarter. Dupont Capital Management Corp now owns 23,000 shares of the bank’s stock worth $937,000 after buying an additional 230 shares during the period. CSat Investment Advisory L.P. lifted its holdings in Zions Bancorporation NA by 97.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 754 shares of the bank’s stock worth $31,000 after buying an additional 373 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Zions Bancorporation NA by 5.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,496 shares of the bank’s stock worth $305,000 after buying an additional 400 shares during the period. Finally, ETF Managers Group LLC lifted its holdings in Zions Bancorporation NA by 18.8% during the fourth quarter. ETF Managers Group LLC now owns 2,537 shares of the bank’s stock worth $103,000 after buying an additional 402 shares during the period. Institutional investors own 91.64% of the company’s stock.
Several analysts have recently commented on the company. BidaskClub upgraded Zions Bancorporation NA from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. lowered Zions Bancorporation NA from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $53.00 to $50.00 in a report on Thursday, April 4th. ValuEngine lowered Zions Bancorporation NA from a “hold” rating to a “sell” rating in a report on Thursday, February 14th. Vining Sparks reiterated a “buy” rating and set a $63.00 price objective on shares of Zions Bancorporation NA in a report on Thursday, January 24th. Finally, Wedbush increased their price objective on Zions Bancorporation NA from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $55.18.
Zions Bancorporation NA (NASDAQ:ZION) last issued its earnings results on Tuesday, January 22nd. The bank reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. The company had revenue of $716.00 million during the quarter, compared to analyst estimates of $712.48 million. Zions Bancorporation NA had a return on equity of 12.57% and a net margin of 29.14%. During the same quarter last year, the business posted $0.80 EPS. Analysts forecast that Zions Bancorporation NA will post 4.44 EPS for the current fiscal year.
In related news, insider David E. Blackford sold 2,027 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $50.80, for a total value of $102,971.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Dan Stephens sold 8,000 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $48.20, for a total value of $385,600.00. The disclosure for this sale can be found here. Insiders sold a total of 31,225 shares of company stock valued at $1,537,180 in the last 90 days. 1.60% of the stock is currently owned by company 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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