Federation des caisses Desjardins du Quebec Sells 7,280 Shares of Zions Bancorporation, N.A. $ZION

Federation des caisses Desjardins du Quebec trimmed its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 24.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new stake in shares of Zions Bancorporation, N.A. in the first quarter valued at approximately $25,000. Curat Global LLC acquired a new position in Zions Bancorporation, N.A. during the first quarter valued at approximately $25,000. New Age Alpha Advisors LLC acquired a new position in Zions Bancorporation, N.A. during the first quarter valued at approximately $40,000. Princeton Global Asset Management LLC acquired a new position in Zions Bancorporation, N.A. during the first quarter valued at approximately $50,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Zions Bancorporation, N.A. during the first quarter valued at approximately $52,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Trading Up 0.3%

Shares of Zions Bancorporation, N.A. stock traded up $0.16 during trading on Friday, hitting $58.42. The company's stock had a trading volume of 1,343,024 shares, compared to its average volume of 1,251,049. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The stock has a 50-day moving average price of $55.33 and a two-hundred day moving average price of $50.49.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued 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 net margin of 16.98% and a return on equity of 13.76%. The company had revenue of $838.00 million for the quarter, compared to analysts' expectations of $810.24 million. During the same quarter in the previous year, the firm posted $1.28 earnings per share. Equities research analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS 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 paid a $0.45 dividend. This is a positive change from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 14th. Zions Bancorporation, N.A.'s payout ratio is presently 32.91%.

Wall Street Analysts Forecast Growth

ZION has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on shares of Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 22nd. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and boosted their price objective for the company from $45.00 to $60.00 in a research report on Tuesday, July 22nd. Royal Bank Of Canada boosted their price objective 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. Finally, Robert W. Baird upped their price target on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.95.

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.