Nisa Investment Advisors LLC Sells 7,744 Shares of Zions Bancorporation, N.A. (NASDAQ:ZION)

Nisa Investment Advisors LLC cut its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,257 shares of the bank's stock after selling 7,744 shares during the period. Nisa Investment Advisors LLC's holdings in Zions Bancorporation, N.A. were worth $2,356,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ZION. Curat Global LLC bought a new stake in Zions Bancorporation, N.A. in the 1st quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its position 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 in the last quarter. Covestor Ltd increased its stake in Zions Bancorporation, N.A. by 128.1% in the fourth quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after acquiring an additional 479 shares during the period. Princeton Global Asset Management LLC bought a new stake in Zions Bancorporation, N.A. in the first quarter valued at about $50,000. Finally, CX Institutional acquired a new position in Zions Bancorporation, N.A. in the first quarter worth about $53,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZION has been the topic of a number of recent research reports. Robert W. Baird decreased their price objective on Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Argus upgraded Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a research report on Monday, April 28th. Wall Street Zen upgraded Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research report on Sunday. Citigroup increased their price objective on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Stephens cut their price objective on Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $57.50.

Zions Bancorporation, N.A. Trading Up 1.3%

ZION traded up $0.72 during mid-day trading on Monday, reaching $56.92. The stock had a trading volume of 1,737,990 shares, compared to its average volume of 1,615,757. The firm's fifty day simple moving average is $49.56 and its two-hundred day simple moving average is $50.70. The stock has a market capitalization of $8.40 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.82 and a beta of 0.90. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22. 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 posted its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. Zions Bancorporation, N.A. had a return on equity of 13.53% and a net margin of 16.08%. The business had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. During the same quarter last year, the business earned $0.96 earnings per share. On average, equities analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS 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. Investors of record on Thursday, May 15th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is 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.