Vident Advisory LLC Boosts Holdings in Zions Bancorporation, N.A. $ZION

Vident Advisory LLC increased its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 109.3% in the first quarter, Holdings Channel reports. The institutional investor owned 22,084 shares of the bank’s stock after acquiring an additional 11,531 shares during the quarter. Vident Advisory LLC’s holdings in Zions Bancorporation, N.A. were worth $1,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Curat Global LLC bought a new stake in Zions Bancorporation, N.A. during the first quarter valued at $25,000. Picton Mahoney Asset Management bought a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth approximately $25,000. New Age Alpha Advisors LLC bought a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth approximately $40,000. Princeton Global Asset Management LLC bought a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth approximately $50,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth approximately $52,000. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Stock Up 0.2%

ZION opened at $57.42 on Thursday. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 1.51 and a beta of 0.97. The business has a 50 day moving average of $54.73 and a 200-day moving average of $50.37.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings data on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.27. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%.The company had revenue of $838.00 million during the quarter, compared to analysts’ expectations of $810.24 million. During the same period in the prior year, the business earned $1.28 earnings per share. As a group, sell-side analysts anticipate that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a $0.45 dividend. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 14th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 32.91%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $45.00 to $60.00 in a report on Tuesday, July 22nd. Truist Financial boosted their price objective on Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price objective on Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Finally, Wells Fargo & Company boosted their price objective on Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, N.A. has a consensus rating of “Hold” and a consensus target price of $60.78.

Zions Bancorporation, N.A. Company 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.