Bessemer Group Inc. Has $581,000 Holdings in Zions Bancorporation, N.A. (NASDAQ:ZION)

Bessemer Group Inc. boosted its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 76.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,637 shares of the bank's stock after acquiring an additional 5,035 shares during the quarter. Bessemer Group Inc.'s holdings in Zions Bancorporation, N.A. were worth $581,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

ZION has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Argus upgraded Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a research note on Monday, April 28th. Jefferies Financial Group started coverage on Zions Bancorporation, N.A. in a report on Wednesday, May 21st. They issued an "underperform" rating and a $40.00 target price on the stock. Truist Financial started coverage on Zions Bancorporation, N.A. in a report on Tuesday, May 13th. They set a "hold" rating and a $52.00 price target for the company. Finally, Citigroup raised their price objective on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Zions Bancorporation, N.A. currently has a consensus rating of "Hold" and an average price target of $57.22.

Zions Bancorporation, N.A. Price Performance

Shares of Zions Bancorporation, N.A. stock traded up $0.10 during midday trading on Thursday, hitting $54.87. 1,082,797 shares of the company were exchanged, compared to its average volume of 1,561,905. The firm has a 50 day simple moving average of $48.13 and a 200-day simple moving average of $50.72. 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. has a 52 week low of $39.32 and a 52 week high of $63.22. The firm has a market cap of $8.10 billion, a P/E ratio of 10.72, a PEG ratio of 1.79 and a beta of 0.90.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $795.00 million for the quarter, compared to the consensus estimate of $792.49 million. During the same quarter in the prior year, the company earned $0.96 EPS. Research analysts forecast that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio is 33.59%.

About Zions Bancorporation, N.A.

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.