TCI Wealth Advisors Inc. Has $660,000 Stake in Zions Bancorporation, N.A. $ZION

TCI Wealth Advisors Inc. raised its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,706 shares of the bank’s stock after purchasing an additional 1,047 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Zions Bancorporation, N.A. were worth $660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ZION. AQR Capital Management LLC grew its holdings in Zions Bancorporation, N.A. by 326.4% during the first quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank’s stock worth $139,927,000 after buying an additional 2,194,514 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Zions Bancorporation, N.A. by 57.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,133,336 shares of the bank’s stock worth $106,368,000 after acquiring an additional 778,861 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Zions Bancorporation, N.A. by 5,690.4% in the first quarter. GAMMA Investing LLC now owns 550,903 shares of the bank’s stock valued at $27,468,000 after purchasing an additional 541,389 shares during the last quarter. FJ Capital Management LLC purchased a new stake in shares of Zions Bancorporation, N.A. in the first quarter valued at about $21,361,000. Finally, MetLife Investment Management LLC lifted its position in shares of Zions Bancorporation, N.A. by 443.5% during the first quarter. MetLife Investment Management LLC now owns 452,263 shares of the bank’s stock valued at $22,550,000 after purchasing an additional 369,052 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Stock Performance

NASDAQ:ZION opened at $57.30 on Friday. The company has a market capitalization of $8.46 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.48 and a beta of 0.97. The business has a fifty day simple moving average of $55.64 and a two-hundred day simple moving average of $50.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, topping 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 the consensus estimate of $810.24 million. During the same quarter in the prior year, the company earned $1.28 EPS. On average, analysts expect 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 announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were paid a $0.45 dividend. The ex-dividend date was Thursday, August 14th. 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%. Zions Bancorporation, N.A.’s dividend payout ratio is 32.91%.

Analysts Set New Price Targets

ZION has been the subject of a number of recent analyst reports. TD Cowen began coverage on shares of Zions Bancorporation, N.A. in a research report on Thursday. They issued a “hold” rating and a $64.00 price objective for the company. Royal Bank Of Canada boosted their target price on Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 22nd. Citigroup increased their price target on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Truist Financial lifted their price target 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. Finally, Morgan Stanley upped their price objective on Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Zions Bancorporation, N.A. presently has an average rating of “Hold” and a consensus target price of $61.10.

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.