Boston Partners Sells 8,620 Shares of Zions Bancorporation, N.A. $ZION

Key Points

• Boston Partners reduced its holdings in Zions Bancorporation, N.A. by 1.4%, now owning approximately 0.41% of the company, valued at $29.78 million.
• Institutions have shown interest in Zions Bancorporation, with several funds acquiring new stakes, which highlight a strong institutional ownership of 76.84%.
• Zions Bancorporation announced a quarterly dividend increase to $0.45 per share, reflecting a yield of 3.3% on an annualized basis.

Boston Partners lowered its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 1.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 610,467 shares of the bank's stock after selling 8,620 shares during the period. Boston Partners owned about 0.41% of Zions Bancorporation, N.A. worth $29,780,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ZION. Curat Global LLC bought a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at $25,000. Picton Mahoney Asset Management bought a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at $25,000. New Age Alpha Advisors LLC bought a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at $40,000. Princeton Global Asset Management LLC bought a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at $50,000. Finally, CX Institutional acquired a new stake in shares of Zions Bancorporation, N.A. during the first quarter worth $53,000. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, N.A. Stock Down 0.4%

Shares of NASDAQ ZION traded down $0.2080 during mid-day trading on Tuesday, reaching $53.0620. 572,747 shares of the company's stock traded hands, compared to its average volume of 1,603,004. The stock has a market cap of $7.83 billion, a P/E ratio of 9.70, a PEG ratio of 1.37 and a beta of 0.93. The business has a 50-day simple moving average of $52.91 and a 200 day simple moving average of $50.30. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.27. The firm had revenue of $838.00 million during the quarter, compared to analysts' expectations of $810.24 million. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. During the same period last year, the company earned $1.28 earnings per share. On average, analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 14th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 14th. This is an increase from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.4%. Zions Bancorporation, N.A.'s payout ratio is 32.91%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and increased their price objective for the stock from $45.00 to $60.00 in a research report on Tuesday, July 22nd. Royal Bank Of Canada increased their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 22nd. Finally, DA Davidson increased their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $60.78.

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.