45,090 Shares in Zions Bancorporation, N.A. $ZION Bought by Elizabeth Park Capital Advisors Ltd.

Key Points

• Elizabeth Park Capital Advisors Ltd. invested approximately $2.25 million in Zions Bancorporation, acquiring 45,090 shares during the first quarter, making it the firm's 29th largest holding.
• Zions Bancorporation recently reported $1.58 earnings per share for the quarter, surpassing analysts' expectations, and announced a quarterly dividend increase to $0.45 per share, reflecting a dividend yield of 3.2%.
• Several analysts have boosted their price targets for Zions Bancorporation, with recommendations ranging from "Hold" to "Buy," and a consensus target price of approximately $60.78.

Elizabeth Park Capital Advisors Ltd. acquired a new stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 45,090 shares of the bank's stock, valued at approximately $2,248,000. Zions Bancorporation, N.A. makes up about 2.0% of Elizabeth Park Capital Advisors Ltd.'s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of Zions Bancorporation, N.A. by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank's stock valued at $351,027,000 after purchasing an additional 233,252 shares in the last quarter. LSV Asset Management boosted its stake in shares of Zions Bancorporation, N.A. by 3.7% during the first quarter. LSV Asset Management now owns 3,791,047 shares of the bank's stock valued at $189,022,000 after purchasing an additional 136,870 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Zions Bancorporation, N.A. by 57.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,133,336 shares of the bank's stock valued at $106,368,000 after purchasing an additional 778,861 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Zions Bancorporation, N.A. by 249.6% during the fourth 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 in the last quarter. Finally, Northern Trust Corp boosted 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 currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on ZION. DA Davidson increased their target price on shares of Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Royal Bank Of Canada increased 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 research report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Robert W. Baird increased their target price on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Zions Bancorporation, N.A. currently has an average rating of "Hold" and a consensus price target of $60.78.

Zions Bancorporation, N.A. Stock Performance

Shares of NASDAQ ZION traded up $0.20 during midday trading on Monday, reaching $58.01. The company had a trading volume of 1,190,729 shares, compared to its average volume of 1,436,499. The business's 50-day simple moving average is $54.27 and its 200 day simple moving average is $50.25. The stock has a market cap of $8.56 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.51 and a beta of 0.97. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $1.28 earnings per share. On average, analysts forecast that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a $0.45 dividend. This is an increase from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 14th. Zions Bancorporation, N.A.'s dividend payout ratio is 32.91%.

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.