Artemis Investment Management LLP Has $38.32 Million Stock Position in Zions Bancorporation, N.A. (NASDAQ:ZION)

Artemis Investment Management LLP grew its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 768,556 shares of the bank's stock after purchasing an additional 85,832 shares during the quarter. Artemis Investment Management LLP owned about 0.52% of Zions Bancorporation, N.A. worth $38,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings 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 valued at $29,000 after buying an additional 183 shares in the last quarter. Jackson Creek Investment Advisors LLC increased its holdings in shares of Zions Bancorporation, N.A. by 3.3% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank's stock valued at $490,000 after acquiring an additional 285 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Zions Bancorporation, N.A. by 4.7% in the 4th quarter. Blair William & Co. IL now owns 6,713 shares of the bank's stock valued at $364,000 after acquiring an additional 303 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Zions Bancorporation, N.A. by 0.8% in the 4th quarter. Arizona State Retirement System now owns 42,839 shares of the bank's stock valued at $2,324,000 after acquiring an additional 322 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Zions Bancorporation, N.A. by 0.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 130,959 shares of the bank's stock worth $7,100,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on ZION. Robert W. Baird dropped their price target 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. Argus upgraded shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a research note on Monday, April 28th. Truist Financial started coverage on shares of Zions Bancorporation, N.A. in a research report on Tuesday, May 13th. They set a "hold" rating and a $52.00 target price for the company. Morgan Stanley decreased their price target on shares of Zions Bancorporation, N.A. from $71.00 to $64.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Wells Fargo & Company dropped their price objective on Zions Bancorporation, N.A. from $58.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Zions Bancorporation, N.A. presently has a consensus rating of "Hold" and an average price target of $57.94.

Zions Bancorporation, N.A. Stock Performance

ZION opened at $51.40 on Friday. The stock's 50 day simple moving average is $47.40 and its 200-day simple moving average is $50.86. 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 stock has a market cap of $7.59 billion, a PE ratio of 10.04, a P/E/G ratio of 1.64 and a beta of 0.88. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share 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 the consensus estimate of $792.49 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. Sell-side analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS 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. Investors of record on Thursday, May 15th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a yield of 3.35%. Zions Bancorporation, N.A.'s payout ratio is currently 33.59%.

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.

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