Crossmark Global Holdings Inc. Has $1.05 Million Stake in Zions Bancorporation, N.A. (NASDAQ:ZION)

Crossmark Global Holdings Inc. lifted its stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 44.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,110 shares of the bank's stock after buying an additional 6,461 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Zions Bancorporation, N.A. were worth $1,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth approximately $224,000. Janney Montgomery Scott LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth approximately $3,383,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth approximately $1,261,000. Teacher Retirement System of Texas grew its position in Zions Bancorporation, N.A. by 6.2% in the 1st quarter. Teacher Retirement System of Texas now owns 48,147 shares of the bank's stock valued at $2,401,000 after purchasing an additional 2,821 shares during the period. Finally, Bessemer Group Inc. grew its position in Zions Bancorporation, N.A. by 76.3% in the 1st quarter. Bessemer Group Inc. now owns 11,637 shares of the bank's stock valued at $581,000 after purchasing an additional 5,035 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

Analyst Ratings Changes

ZION has been the subject of several research reports. Robert W. Baird reduced their price target on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Truist Financial lifted their price target on shares of Zions Bancorporation, N.A. from $52.00 to $57.00 and gave the company a "hold" rating in a research report on Friday. Argus raised shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 price target for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. lifted their price target on shares of Zions Bancorporation, N.A. from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, Royal Bank Of Canada reduced their price target on shares of Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, N.A. has a consensus rating of "Hold" and a consensus price target of $57.50.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ:ZION opened at $56.20 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.71. The stock's fifty day simple moving average is $49.56 and its two-hundred day simple moving average is $50.76. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The stock has a market cap of $8.29 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.83 and a beta of 0.90.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The company had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. Zions Bancorporation, N.A. had a return on equity of 13.53% and a net margin of 16.08%. During the same period in the previous year, the business posted $0.96 EPS. As a group, analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s payout ratio is 33.59%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.