PharVision Advisers LLC Makes New $342,000 Investment in Zions Bancorporation, N.A. $ZION

Key Points

• PharVision Advisers LLC purchased 6,864 shares of Zions Bancorporation, valued at approximately $342,000, signifying a new institutional investment in the bank.
• Zions Bancorporation recently reported earnings of $1.58 per share, exceeding analyst expectations of $1.31, along with a revenue of $838 million for the quarter.
• The firm has increased its quarterly dividend from $0.43 to $0.45, reflecting a commitment to returning value to shareholders and representing a yield of 3.2%.

PharVision Advisers LLC acquired a new stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,864 shares of the bank's stock, valued at approximately $342,000.

Several other large investors have also modified their holdings of ZION. AQR Capital Management LLC lifted its position in shares of Zions Bancorporation, N.A. by 326.4% in the 1st quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank's stock valued at $139,927,000 after acquiring an additional 2,194,514 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Zions Bancorporation, N.A. by 57.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,133,336 shares of the bank's stock worth $106,368,000 after purchasing an additional 778,861 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Zions Bancorporation, N.A. by 5,690.4% during the 1st quarter. GAMMA Investing LLC now owns 550,903 shares of the bank's stock worth $27,468,000 after purchasing an additional 541,389 shares during the period. FJ Capital Management LLC acquired a new stake in Zions Bancorporation, N.A. during the first quarter worth $21,361,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Zions Bancorporation, N.A. by 413.0% during the 4th quarter. BNP Paribas Financial Markets now owns 483,363 shares of the bank's stock worth $26,222,000 after buying an additional 389,148 shares during the period. Institutional investors own 76.84% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Citigroup upped their price target on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Wall Street Zen raised Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Morgan Stanley raised their price target on shares of Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada raised their price target on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $60.78.

Zions Bancorporation, N.A. Price Performance

Shares of ZION stock traded down $0.12 during trading hours on Tuesday, reaching $56.90. The stock had a trading volume of 1,011,518 shares, compared to its average volume of 1,234,483. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22. The firm has a market capitalization of $8.40 billion, a PE ratio of 10.40, a PEG ratio of 1.49 and a beta of 0.97. The stock's fifty day simple moving average is $55.13 and its 200 day simple moving average is $50.38.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its earnings results on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.27. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. The company had revenue of $838.00 million during the quarter, compared to analyst estimates of $810.24 million. During the same period in the previous year, the business earned $1.28 earnings per share. On average, equities research analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a $0.45 dividend. This is a boost from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.80 annualized dividend and a yield of 3.2%. Zions Bancorporation, N.A.'s payout ratio is currently 32.91%.

About Zions Bancorporation, N.A.

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.