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

Los Angeles Capital Management LLC reduced its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 12.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,820 shares of the bank's stock after selling 44,010 shares during the period. Los Angeles Capital Management LLC owned 0.21% of Zions Bancorporation, N.A. worth $15,198,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Curat Global LLC purchased a new position in Zions Bancorporation, N.A. during the 1st quarter valued at about $25,000. Covestor Ltd increased its stake 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 purchasing an additional 479 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in Zions Bancorporation, N.A. during the 1st quarter valued at about $50,000. CX Institutional bought a new stake in Zions Bancorporation, N.A. during the 1st quarter valued at about $53,000. Finally, Millstone Evans Group LLC bought a new stake in Zions Bancorporation, N.A. during the 4th quarter valued at about $62,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Stephens reduced their price objective on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Argus upgraded shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research note on Monday, April 28th. 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. Finally, Robert W. Baird raised their price objective on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Zions Bancorporation, N.A. currently has a consensus rating of "Hold" and a consensus target price of $60.78.

Zions Bancorporation, N.A. Trading Down 1.4%

ZION traded down $0.80 on Thursday, hitting $55.74. The company had a trading volume of 1,039,023 shares, compared to its average volume of 1,622,358. The firm has a market cap of $8.23 billion, a P/E ratio of 10.19, a PEG ratio of 1.69 and a beta of 0.90. The company has a current ratio of 0.80, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. The company's fifty day moving average price is $50.83 and its 200 day moving average price is $50.81. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.27. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%. The business had revenue of $838.00 million during the quarter, compared to the consensus estimate of $810.24 million. During the same period in the prior year, the company earned $1.28 earnings per share. As a group, equities analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s payout ratio is 31.44%.

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.