Cwm LLC Grows Position in Zions Bancorporation, N.A. (NASDAQ:ZION)

CWM LLC grew its stake in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 92.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,080 shares of the bank's stock after purchasing an additional 30,351 shares during the period. CWM LLC's holdings in Zions Bancorporation, N.A. were worth $3,145,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in Zions Bancorporation, N.A. in the fourth quarter worth approximately $7,739,000. HighTower Advisors LLC raised its holdings in Zions Bancorporation, N.A. by 2.8% in the 4th quarter. HighTower Advisors LLC now owns 67,308 shares of the bank's stock valued at $3,651,000 after acquiring an additional 1,861 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Zions Bancorporation, N.A. by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after buying an additional 183 shares during the last quarter. Swiss National Bank boosted its position in Zions Bancorporation, N.A. by 0.8% in the 4th quarter. Swiss National Bank now owns 290,500 shares of the bank's stock valued at $15,760,000 after buying an additional 2,300 shares during the last quarter. Finally, Boston Partners bought a new position in Zions Bancorporation, N.A. in the fourth quarter worth about $33,961,000. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ ZION traded down $0.21 during midday trading on Monday, reaching $56.59. The company's stock had a trading volume of 2,243,460 shares, compared to its average volume of 1,544,951. The business's 50 day moving average price is $50.54 and its two-hundred day moving average price is $50.76. The company has a market cap of $8.35 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.71 and a beta of 0.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 0.83. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. The firm had revenue of $795.00 million during the quarter, compared to analyst estimates of $792.49 million. During the same quarter last year, the business posted $0.96 EPS. On average, analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a $0.43 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.72 annualized dividend and a dividend yield of 3.04%. Zions Bancorporation, N.A.'s dividend payout ratio is presently 33.59%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada cut their target price 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 note on Tuesday, April 22nd. Stephens cut their target price on shares of 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. 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 began coverage on Zions Bancorporation, N.A. in a research report on Wednesday, May 21st. They issued an "underperform" rating and a $40.00 price target for the company. Finally, Citigroup boosted their price objective on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Zions Bancorporation, N.A. presently has a consensus rating of "Hold" and an average price target of $57.50.

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.