Allworth Financial LP Sells 4,756 Shares of Zions Bancorporation, N.A. (NASDAQ:ZION)

Allworth Financial LP trimmed its position in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 75.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,544 shares of the bank's stock after selling 4,756 shares during the period. Allworth Financial LP's holdings in Zions Bancorporation, N.A. were worth $77,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ZION. Vanguard Group Inc. boosted its stake in shares of Zions Bancorporation, N.A. by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock worth $1,032,775,000 after buying an additional 285,588 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Zions Bancorporation, N.A. by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,807,221 shares of the bank's stock worth $369,295,000 after buying an additional 175,656 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Zions Bancorporation, N.A. by 20.8% during the 4th quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock worth $123,016,000 after buying an additional 390,601 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Zions Bancorporation, N.A. by 249.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,624,521 shares of the bank's stock worth $88,130,000 after buying an additional 1,159,888 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Zions Bancorporation, N.A. by 23.9% during the 4th quarter. Northern Trust Corp now owns 1,473,712 shares of the bank's stock worth $79,949,000 after buying an additional 284,624 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Argus upgraded shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on shares of Zions Bancorporation, N.A. from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Wall Street Zen upgraded shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Royal Bank Of Canada reduced their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group started coverage on shares of Zions Bancorporation, N.A. in a research note on Wednesday, May 21st. They set an "underperform" rating and a $40.00 price objective for the company. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $57.50.

Zions Bancorporation, N.A. Stock Performance

Zions Bancorporation, N.A. stock traded up $0.39 during trading hours on Friday, hitting $56.80. The company had a trading volume of 1,377,533 shares, compared to its average volume of 1,548,493. The firm has a 50-day moving average of $50.34 and a 200 day moving average of $50.79. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $63.22. The firm has a market cap of $8.38 billion, a PE ratio of 11.09, a PEG ratio of 1.66 and a beta of 0.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.83 and a quick ratio of 0.83.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. The firm had revenue of $795.00 million for the quarter, compared to analyst estimates of $792.49 million. During the same quarter in the prior year, the business posted $0.96 EPS. On average, sell-side analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.03%. Zions Bancorporation, N.A.'s payout ratio is presently 33.59%.

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.