Inscription Capital LLC Purchases Shares of 7,311 Zions Bancorporation, N.A. (NASDAQ:ZION)

Inscription Capital LLC acquired a new position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,311 shares of the bank's stock, valued at approximately $365,000.

Several other large investors have also recently added to or reduced their stakes in ZION. Fisher Asset Management LLC bought a new position in Zions Bancorporation, N.A. in the fourth quarter worth about $389,000. Polymer Capital Management US LLC bought a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter worth approximately $229,000. Merit Financial Group LLC bought a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth approximately $780,000. Proficio Capital Partners LLC bought a new stake in Zions Bancorporation, N.A. in the fourth quarter valued at $4,237,000. Finally, Cookson Peirce & Co. Inc. bought a new stake in Zions Bancorporation, N.A. in the fourth quarter valued at $651,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, N.A. Price Performance

NASDAQ:ZION traded up $0.25 during midday trading on Friday, hitting $48.58. 1,483,665 shares of the stock were exchanged, compared to its average volume of 1,564,217. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $63.22. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $46.87 and a two-hundred day moving average price of $51.05. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 1.59 and a beta of 0.88.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. Zions Bancorporation, N.A. had a return on equity of 13.53% and a net margin of 16.08%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $792.49 million. During the same quarter in the previous year, the business earned $0.96 EPS. Sell-side analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. announced that its board has approved a share repurchase program on Monday, February 24th that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the bank to purchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is presently 33.59%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stephens cut their target price on Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird cut their price objective on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group began coverage on Zions Bancorporation, N.A. in a report on Wednesday, May 21st. They set an "underperform" rating and a $40.00 price target on the stock. Royal Bank Of Canada cut their price target on Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $57.94.

Zions Bancorporation, N.A. 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.