Cwm LLC Boosts Stake in Zions Bancorporation, N.A. (NASDAQ:ZION)

Cwm LLC grew its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 92.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,080 shares of the bank's stock after acquiring an additional 30,351 shares during the period. Cwm LLC's holdings in Zions Bancorporation, N.A. were worth $3,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake 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 buying an additional 285,588 shares during the last quarter. Dimensional Fund Advisors LP increased 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 worth $369,295,000 after purchasing an additional 175,656 shares during the last quarter. First Trust Advisors LP boosted its stake in Zions Bancorporation, N.A. by 20.8% in the fourth quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after acquiring an additional 390,601 shares during the period. Balyasny Asset Management L.P. grew its position in 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 worth $88,130,000 after purchasing an additional 1,159,888 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of 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 purchasing an additional 284,624 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Trading Up 2.4%

Zions Bancorporation, N.A. stock opened at $56.41 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 firm has a market cap of $8.32 billion, a PE ratio of 11.02, a P/E/G ratio of 1.66 and a beta of 0.90. The stock's 50 day simple moving average is $50.34 and its two-hundred day simple moving average is $50.79. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The firm had revenue of $795.00 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.96 EPS. Analysts anticipate that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Dividend Announcement

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 3.05%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is 33.59%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Truist Financial boosted their target price on Zions Bancorporation, N.A. from $52.00 to $57.00 and gave the stock a "hold" rating in a research report on Friday, July 11th. Robert W. Baird cut their target price on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. raised their price target on shares of Zions Bancorporation, N.A. from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Stephens lowered their price target on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Argus upgraded 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. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Zions Bancorporation, N.A. currently has a consensus rating of "Hold" and an average price target of $57.50.

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.

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