Fox Run Management L.L.C. Takes $864,000 Position in Zions Bancorporation, N.A. $ZION

Key Points

• Fox Run Management L.L.C. purchased 17,332 shares of Zions Bancorporation, N.A. for approximately $864,000 in the first quarter.
• Zions Bancorporation, N.A. reported earnings of $1.58 per share for the last quarter, surpassing analysts' estimates and showcasing a net margin of 16.98%.
• The company declared a quarterly dividend of $0.45 per share, representing an annual yield of 3.4%, an increase from the previous dividend of $0.43.

Fox Run Management L.L.C. acquired a new stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,332 shares of the bank's stock, valued at approximately $864,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Curat Global LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth about $25,000. Picton Mahoney Asset Management acquired a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth about $25,000. New Age Alpha Advisors LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth about $40,000. Princeton Global Asset Management LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth about $50,000. Finally, CX Institutional acquired a new position in Zions Bancorporation, N.A. during the 1st quarter valued at about $53,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on ZION. Wall Street Zen raised shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Truist Financial raised their target price on shares of Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the company a "hold" rating in a research note on Wednesday, July 23rd. Robert W. Baird raised their target price on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada raised their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 22nd. Finally, Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and raised their price objective for the company from $45.00 to $60.00 in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $60.78.

Zions Bancorporation, N.A. Trading Down 0.8%

Shares of ZION traded down $0.4360 during midday trading on Thursday, hitting $53.3440. The stock had a trading volume of 275,026 shares, compared to its average volume of 1,596,453. The business has a 50-day simple moving average of $53.08 and a two-hundred day simple moving average of $50.35. 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 firm has a market cap of $7.87 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.27. The business had revenue of $838.00 million during the quarter, compared to analyst estimates of $810.24 million. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. During the same period in the prior year, the firm earned $1.28 earnings per share. As a group, equities analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 14th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 14th. This is a boost from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 3.4%. Zions Bancorporation, N.A.'s payout ratio is 32.91%.

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.