Focus Partners Advisor Solutions LLC Increases Holdings in Zions Bancorporation, N.A. $ZION

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in Zions Bancorporation, N.A. by 114.4% in the first quarter, owning 11,581 shares valued at $577,000.
• Several institutional investors, including BNP Paribas Financial Markets, have significantly raised their stakes in Zions Bancorporation, demonstrating strong investor confidence.
• Zions Bancorporation recently increased its quarterly dividend to $0.45 per share, from a previous $0.43, representing a dividend yield of 3.1%.

Focus Partners Advisor Solutions LLC raised its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 114.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,581 shares of the bank's stock after purchasing an additional 6,179 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Zions Bancorporation, N.A. were worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new stake in Zions Bancorporation, N.A. in the 1st quarter valued at approximately $25,000. Curat Global LLC purchased a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth approximately $25,000. New Age Alpha Advisors LLC purchased a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth approximately $40,000. Princeton Global Asset Management LLC purchased a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth approximately $50,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth approximately $52,000. Hedge funds and other institutional investors own 76.84% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ZION shares. Morgan Stanley boosted their price target on Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 22nd. Truist Financial boosted their price target on Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a "hold" rating in a research note on Wednesday, July 23rd. DA Davidson boosted 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. Robert W. Baird upped their target price on Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Citigroup upped 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. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $60.78.

Zions Bancorporation, N.A. Price Performance

ZION stock traded down $1.59 on Friday, reaching $56.52. The company had a trading volume of 1,643,360 shares, compared to its average volume of 1,237,740. 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 quick ratio of 0.80 and a current ratio of 0.80. The company's fifty day moving average is $54.96 and its 200 day moving average is $50.34. The company has a market cap of $8.34 billion, a P/E ratio of 10.33, a PEG ratio of 1.47 and a beta of 0.97.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The bank reported $1.58 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 the consensus estimate of $810.24 million. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%.During the same period in the prior year, the firm posted $1.28 EPS. On average, research analysts forecast that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Thursday, August 14th. This is a positive change from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.'s payout ratio is currently 32.91%.

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.