Los Angeles Capital Management LLC Cuts Stock Holdings in Zions Bancorporation, N.A. (NASDAQ:ZION)

Los Angeles Capital Management LLC trimmed its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 12.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 304,820 shares of the bank's stock after selling 44,010 shares during the period. Los Angeles Capital Management LLC owned about 0.21% of Zions Bancorporation, N.A. worth $15,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Curat Global LLC bought a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth approximately $25,000. Covestor Ltd lifted its holdings in Zions Bancorporation, N.A. by 128.1% during the 4th quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after buying an additional 479 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in Zions Bancorporation, N.A. in the first quarter worth about $50,000. CX Institutional purchased a new position in Zions Bancorporation, N.A. during the 1st quarter worth approximately $53,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the fourth quarter valued at about $62,000. Institutional investors own 76.84% of the company's stock.

Wall Street Analysts Forecast Growth

ZION has been the topic of several recent analyst reports. Citigroup boosted their target price on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company raised 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 note on Tuesday. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and increased their price objective for the stock from $45.00 to $60.00 in a report on Tuesday. Wall Street Zen raised Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Finally, JPMorgan Chase & Co. lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, N.A. currently has an average rating of "Hold" and a consensus target price of $60.67.

Zions Bancorporation, N.A. Stock Performance

Shares of NASDAQ:ZION traded up $0.26 during trading on Tuesday, reaching $56.85. 3,963,578 shares of the company's stock traded hands, compared to its average volume of 1,554,588. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.83 and a quick ratio of 0.83. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22. The company has a 50 day moving average of $50.54 and a 200-day moving average of $50.76. The stock has a market capitalization of $8.39 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.71 and a beta of 0.90.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The bank reported $1.58 EPS for the quarter, beating the consensus estimate 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 net margin of 16.08% and a return on equity of 13.53%. During the same quarter in the prior year, the firm earned $1.28 EPS. On average, equities analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 annualized dividend and a dividend yield of 3.03%. Zions Bancorporation, N.A.'s dividend payout ratio is currently 33.59%.

Zions Bancorporation, N.A. Company 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.