Zions Bancorporation, N.A. (NASDAQ:ZION) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its stake in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 46.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,301 shares of the bank's stock after buying 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.

Several other hedge funds have also made changes to their positions in ZION. Curat Global LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the first quarter worth about $25,000. Covestor Ltd raised its holdings in Zions Bancorporation, N.A. by 128.1% in the fourth quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after acquiring an additional 479 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in Zions Bancorporation, N.A. in the first quarter valued at approximately $50,000. CX Institutional acquired a new stake in Zions Bancorporation, N.A. in the first quarter valued at approximately $53,000. Finally, Millstone Evans Group LLC acquired a new stake in Zions Bancorporation, N.A. in the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION traded down $0.31 during mid-day trading on Wednesday, reaching $56.54. 1,669,788 shares of the company's stock were exchanged, compared to its average volume of 1,544,707. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.83. The stock has a market capitalization of $8.34 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.90. The business's fifty day simple moving average is $50.83 and its 200-day simple moving average is $50.81. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its earnings results on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.27. The business had revenue of $838.00 million for the quarter, compared to analyst estimates 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 firm posted $1.28 earnings per share. On average, equities research analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio is presently 31.44%.

Analyst Ratings Changes

Several analysts recently weighed in on ZION shares. Morgan Stanley raised their target price on shares of Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the company an "equal weight" rating in a report on Tuesday. Stephens reduced their target price on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Royal Bank Of Canada raised their target price on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a "sector perform" rating in a report on Tuesday. Argus raised 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 report on Monday, April 28th. Finally, Jefferies Financial Group raised shares of Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and raised their target price for the company from $45.00 to $60.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $60.78.

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.