Alps Advisors Inc. Makes New $366,000 Investment in Zions Bancorporation, N.A. (NASDAQ:ZION)

Alps Advisors Inc. bought a new stake in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,350 shares of the bank's stock, valued at approximately $366,000.

A number of other institutional investors have also modified their holdings of the business. Proficio Capital Partners LLC acquired a new position in shares of Zions Bancorporation, N.A. during the 4th quarter worth $4,237,000. Raymond James Financial Inc. purchased a new position in shares of Zions Bancorporation, N.A. during the 4th quarter worth about $7,739,000. Wealthfront Advisers LLC purchased a new position in shares of Zions Bancorporation, N.A. during the 4th quarter worth about $150,000. HighTower Advisors LLC lifted its holdings in shares of Zions Bancorporation, N.A. by 2.8% during the 4th quarter. HighTower Advisors LLC now owns 67,308 shares of the bank's stock worth $3,651,000 after acquiring an additional 1,861 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Zions Bancorporation, N.A. by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after acquiring an additional 183 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Stock Performance

NASDAQ:ZION traded up $0.39 during mid-day trading on Friday, hitting $56.80. 1,377,533 shares of the stock were exchanged, compared to its average volume of 1,546,123. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. The firm's 50-day simple moving average is $50.54 and its 200 day simple moving average is $50.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 0.83. 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 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 firm had revenue of $795.00 million for the quarter, compared to analyst estimates of $792.49 million. During the same quarter last year, the company earned $0.96 EPS. As a group, equities analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on ZION shares. JPMorgan Chase & Co. increased their price objective on shares of Zions Bancorporation, N.A. from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Argus raised 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. Jefferies Financial Group initiated coverage on Zions Bancorporation, N.A. in a report on Wednesday, May 21st. They set an "underperform" rating and a $40.00 target price on the stock. Citigroup lifted their target price on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, Royal Bank Of Canada dropped 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 research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $57.50.

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.