Jacobs Levy Equity Management Inc. Buys 28,179 Shares of Zions Bancorporation, N.A. $ZION

Jacobs Levy Equity Management Inc. grew its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 24.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,840 shares of the bank's stock after purchasing an additional 28,179 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.10% of Zions Bancorporation, N.A. worth $7,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ZION. Blackhawk Capital Partners LLC. lifted its position in Zions Bancorporation, N.A. by 5.3% during 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 lifted its position in Zions Bancorporation, N.A. by 1.7% during 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 lifted its position in Zions Bancorporation, N.A. by 1.5% during 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. lifted its position in Zions Bancorporation, N.A. by 2.4% during 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 lifted its position in Zions Bancorporation, N.A. by 1.1% during 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. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ:ZION traded up $0.28 during mid-day trading on Thursday, reaching $58.26. The stock had a trading volume of 1,633,617 shares, compared to its average volume of 1,583,930. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The company has a market cap of $8.60 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 1.48 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 business'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 earnings results on Monday, July 21st. The bank reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.27. The company had revenue of $838.00 million for 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 previous year, the business earned $1.28 earnings per share. Research analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on ZION shares. Wells Fargo & Company boosted their price objective on 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. Robert W. Baird boosted their price objective on 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. Truist Financial boosted their price objective on Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. Citigroup boosted their price objective on 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. Finally, DA Davidson boosted their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently 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.