Cerity Partners LLC Has $2.21 Million Stock Position in Zions Bancorporation, N.A. (NASDAQ:ZION)

Cerity Partners LLC increased its stake in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 46.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,301 shares of the bank's stock after purchasing an additional 14,121 shares during the quarter. Cerity Partners LLC's holdings in Zions Bancorporation, N.A. were worth $2,209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Zions Bancorporation, N.A. by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock worth $1,032,775,000 after acquiring an additional 285,588 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Zions Bancorporation, N.A. by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,807,221 shares of the bank's stock valued at $369,295,000 after buying an additional 175,656 shares during the period. First Trust Advisors LP boosted its position in Zions Bancorporation, N.A. by 20.8% during the fourth quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after buying an additional 390,601 shares during the period. Balyasny Asset Management L.P. boosted its position in Zions Bancorporation, N.A. by 249.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,624,521 shares of the bank's stock valued at $88,130,000 after buying an additional 1,159,888 shares during the period. Finally, Northern Trust Corp boosted its position in Zions Bancorporation, N.A. by 23.9% during the fourth quarter. Northern Trust Corp now owns 1,473,712 shares of the bank's stock valued at $79,949,000 after buying an additional 284,624 shares during the period. Institutional investors own 76.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen upgraded Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Stephens reduced their price objective 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. DA Davidson upped their price objective on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday. Robert W. Baird increased their price target on Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Royal Bank Of Canada lifted their price target on Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a "sector perform" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $60.67.

Zions Bancorporation, N.A. Stock Down 0.5%

Shares of ZION traded down $0.27 during midday trading on Tuesday, reaching $56.33. The stock had a trading volume of 2,230,278 shares, compared to its average volume of 1,548,300. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The company's fifty day simple moving average is $50.54 and its two-hundred day simple moving average is $50.76. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.71 and a beta of 0.90. 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 issued its quarterly earnings data on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.27. The company had revenue of $838.00 million for the quarter, compared to the consensus estimate of $810.24 million. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. During the same period last year, the firm posted $1.28 EPS. Equities research analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.05%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) 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.