Allworth Financial LP Has $77,000 Stock Holdings in Zions Bancorporation, N.A. (NASDAQ:ZION)

Allworth Financial LP reduced its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 75.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Curat Global LLC acquired a new position in Zions Bancorporation, N.A. in the first quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its position in Zions Bancorporation, N.A. by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after buying an additional 183 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Zions Bancorporation, N.A. by 128.1% in the 4th quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after purchasing an additional 479 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at $50,000. Finally, CX Institutional bought a new position in Zions Bancorporation, N.A. during the 1st quarter worth $53,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on ZION shares. Robert W. Baird lowered their price objective on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Argus upgraded shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a report on Monday, April 28th. Wells Fargo & Company cut their price target on shares of Zions Bancorporation, N.A. from $58.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Stephens reduced their price objective on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Royal Bank Of Canada cut their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $57.50.

Zions Bancorporation, N.A. Trading Down 0.4%

Shares of NASDAQ ZION traded down $0.21 during midday trading on Monday, reaching $56.59. 2,243,460 shares of the stock were exchanged, compared to its average volume of 1,544,950. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $63.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 0.83. The company has a 50 day simple moving average of $50.54 and a 200 day simple moving average of $50.76. The stock has a market capitalization of $8.35 billion, a P/E ratio of 11.05, a PEG ratio of 1.71 and a beta of 0.90.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.28. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. As a group, equities analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) 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.