Zions Bancorporation, N.A. (NASDAQ:ZION) Stake Boosted by Artemis Investment Management LLP

Artemis Investment Management LLP boosted its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 12.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 768,556 shares of the bank's stock after purchasing an additional 85,832 shares during the quarter. Artemis Investment Management LLP owned approximately 0.52% of Zions Bancorporation, N.A. worth $38,320,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Curat Global LLC acquired a new position in Zions Bancorporation, N.A. in the first quarter worth about $25,000. EverSource Wealth Advisors LLC grew its position in shares of Zions Bancorporation, N.A. by 51.1% in 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 in the last quarter. Covestor Ltd increased 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 acquiring an additional 479 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Zions Bancorporation, N.A. by 120.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock valued at $49,000 after acquiring an additional 493 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter valued at approximately $50,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ZION shares. Wells Fargo & Company decreased their price objective on shares of Zions Bancorporation, N.A. from $58.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group began coverage on shares of Zions Bancorporation, N.A. in a research report on Wednesday, May 21st. They issued an "underperform" rating and a $40.00 price target on the stock. Truist Financial initiated 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 price objective for the company. Morgan Stanley dropped their price objective on shares of Zions Bancorporation, N.A. from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Finally, Stephens decreased their target price on 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. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $57.94.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ ZION traded up $0.56 during mid-day trading on Monday, reaching $52.03. 876,092 shares of the company traded hands, compared to its average volume of 1,557,817. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. The firm has a market cap of $7.68 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 1.68 and a beta of 0.88. The stock has a fifty day simple moving average of $47.55 and a 200-day simple moving average of $50.71. 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 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. Equities research analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 annualized dividend and a yield of 3.31%. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is 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.