Federation des caisses Desjardins du Quebec Has $1.10 Million Stock Position in Zions Bancorporation, N.A. $ZION

Federation des caisses Desjardins du Quebec cut its stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 24.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,085 shares of the bank's stock after selling 7,280 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Zions Bancorporation, N.A. were worth $1,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blackhawk Capital Partners LLC. grew its stake in Zions Bancorporation, N.A. by 5.3% in the first quarter. Blackhawk Capital Partners LLC. now owns 4,885 shares of the bank's stock valued at $244,000 after purchasing an additional 245 shares in the last quarter. Leo Wealth LLC grew its stake in Zions Bancorporation, N.A. by 1.7% in the first quarter. Leo Wealth LLC now owns 14,917 shares of the bank's stock valued at $744,000 after purchasing an additional 253 shares in the last quarter. MAI Capital Management grew its stake in Zions Bancorporation, N.A. by 1.5% in the first quarter. MAI Capital Management now owns 19,591 shares of the bank's stock valued at $977,000 after purchasing an additional 293 shares in the last quarter. Xponance Inc. grew its stake in Zions Bancorporation, N.A. by 2.4% in the first quarter. Xponance Inc. now owns 17,053 shares of the bank's stock valued at $850,000 after purchasing an additional 394 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in Zions Bancorporation, N.A. by 1.1% in the first quarter. State of Michigan Retirement System now owns 35,400 shares of the bank's stock valued at $1,765,000 after purchasing an additional 400 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Stock Performance

Shares of NASDAQ ZION traded up $0.28 during trading hours on Thursday, hitting $58.26. 1,633,617 shares of the company's stock were exchanged, compared to its average volume of 1,583,930. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.48 and a beta of 0.97. The company's 50-day moving average price is $55.19 and its 200-day moving average price is $50.43.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.27. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%.The business had revenue of $838.00 million during the quarter, compared to analysts' expectations of $810.24 million. During the same quarter in the previous year, the firm earned $1.28 EPS. On average, sell-side analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.80 annualized dividend and a dividend yield of 3.1%. This is a boost from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.'s payout ratio is presently 32.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ZION shares. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and boosted their target price for the company from $45.00 to $60.00 in a research note on Tuesday, July 22nd. Citigroup boosted their target price 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. DA Davidson upped their price target on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Wall Street Zen upgraded Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, Robert W. Baird upped their price target on Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $60.95.

Zions Bancorporation, N.A. 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.