67,845 Shares in Zions Bancorporation, N.A. (NASDAQ:ZION) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new position in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 67,845 shares of the bank's stock, valued at approximately $3,383,000.

Several other hedge funds also recently modified their holdings of ZION. Curat Global LLC acquired a new position in Zions Bancorporation, N.A. during the first quarter worth $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of Zions Bancorporation, N.A. by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock valued at $29,000 after acquiring an additional 183 shares during the last quarter. Covestor Ltd raised its stake in shares of Zions Bancorporation, N.A. by 128.1% in the 4th quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after acquiring an additional 479 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Zions Bancorporation, N.A. by 120.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock valued at $49,000 after acquiring an additional 493 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in Zions Bancorporation, N.A. in the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Argus raised shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a research report on Monday, April 28th. Truist Financial began coverage on shares of Zions Bancorporation, N.A. in a report on Tuesday, May 13th. They issued a "hold" rating and a $52.00 target price on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Royal Bank Of Canada lowered their price target on Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley cut their price objective on Zions Bancorporation, N.A. from $71.00 to $64.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $57.94.

Zions Bancorporation, N.A. Price Performance

NASDAQ ZION traded up $0.07 during trading on Friday, reaching $51.47. 1,556,718 shares of the company traded hands, compared to its average volume of 1,557,860. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 1.64 and a beta of 0.88. The stock's 50 day moving average price is $47.40 and its two-hundred day moving average price is $50.86. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 0.83.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The firm had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. Zions Bancorporation, N.A. had a return on equity of 13.53% and a net margin of 16.08%. During the same period in the prior year, the business posted $0.96 earnings per share. As a group, analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is currently 33.59%.

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.