Zions Bancorporation, N.A. (NASDAQ:ZION) Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC decreased its stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 39.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,031 shares of the bank's stock after selling 12,496 shares during the quarter. Convergence Investment Partners LLC's holdings in Zions Bancorporation, N.A. were worth $949,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Zions Bancorporation, N.A. by 1.5% during the 4th 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 shares of Zions Bancorporation, N.A. by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,807,221 shares of the bank's stock valued at $369,295,000 after purchasing an additional 175,656 shares during the period. First Trust Advisors LP boosted its position in shares of Zions Bancorporation, N.A. by 20.8% in the 4th quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after purchasing an additional 390,601 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Zions Bancorporation, N.A. by 249.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,624,521 shares of the bank's stock valued at $88,130,000 after purchasing an additional 1,159,888 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Zions Bancorporation, N.A. by 23.9% in the 4th quarter. Northern Trust Corp now owns 1,473,712 shares of the bank's stock valued at $79,949,000 after purchasing an additional 284,624 shares during the period. Hedge funds and other institutional investors own 76.84% of the company's stock.

Zions Bancorporation, N.A. Price Performance

NASDAQ ZION traded up $0.20 during mid-day trading on Friday, hitting $55.38. The stock had a trading volume of 1,806,946 shares, compared to its average volume of 1,631,638. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $63.22. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 1.63 and a beta of 0.90. The company has a 50 day simple moving average of $51.21 and a 200 day simple moving average of $50.85. The company has a quick ratio of 0.83, a current ratio of 0.80 and a debt-to-equity ratio of 0.15.

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

Zions Bancorporation, N.A. Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is presently 31.44%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ZION. Citigroup upped their target price on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. 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 report on Tuesday, April 22nd. Keefe, Bruyette & Woods reduced their price objective on Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Royal Bank Of Canada upped their price objective on Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a "sector perform" rating in a research note on Tuesday. Finally, Morgan Stanley upped their price objective on Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the company an "equal weight" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $60.78.

Zions Bancorporation, N.A. Company 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.