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 position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 114.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,581 shares of the bank's stock after acquiring an additional 6,179 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Zions Bancorporation, N.A. were worth $577,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ZION. Fuller & Thaler Asset Management Inc. boosted its position in Zions Bancorporation, N.A. by 57.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,133,336 shares of the bank's stock valued at $106,368,000 after acquiring an additional 778,861 shares in the last quarter. GAMMA Investing LLC raised its holdings in Zions Bancorporation, N.A. by 5,690.4% in the 1st quarter. GAMMA Investing LLC now owns 550,903 shares of the bank's stock worth $27,468,000 after acquiring an additional 541,389 shares during the last quarter. FJ Capital Management LLC bought a new stake in Zions Bancorporation, N.A. in the 1st quarter worth approximately $21,361,000. BNP Paribas Financial Markets grew its position in Zions Bancorporation, N.A. by 413.0% in the 4th quarter. BNP Paribas Financial Markets now owns 483,363 shares of the bank's stock worth $26,222,000 after purchasing an additional 389,148 shares during the period. Finally, MetLife Investment Management LLC grew its position in Zions Bancorporation, N.A. by 443.5% in the 1st quarter. MetLife Investment Management LLC now owns 452,263 shares of the bank's stock worth $22,550,000 after purchasing an additional 369,052 shares during the period. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. Trading Down 0.5%

Shares of ZION traded down $0.27 during mid-day trading on Wednesday, reaching $56.63. 379,864 shares of the company's stock traded hands, compared to its average volume of 1,573,584. The stock has a market cap of $8.36 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.49 and a beta of 0.97. The stock's 50-day moving average is $55.13 and its two-hundred day moving average is $50.38. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month 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.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last released its earnings results on Monday, July 21st. The bank reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.27. The firm had revenue of $838.00 million for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm posted $1.28 earnings per share. Research 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 company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were issued a $0.45 dividend. 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.2%. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is presently 32.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. 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. JPMorgan Chase & Co. boosted their price target on shares of Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Morgan Stanley boosted their price target on shares of 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. Cantor Fitzgerald started coverage on shares of Zions Bancorporation, N.A. in a research report on Wednesday. They set an "overweight" rating and a $64.00 target price on the stock. Finally, Citigroup upped their target price on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average 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.