Raymond James Financial Inc. Boosts Stock Position in Zions Bancorporation, N.A. $ZION

Raymond James Financial Inc. grew its position in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,614 shares of the bank's stock after buying an additional 4,955 shares during the quarter. Raymond James Financial Inc. owned 0.10% of Zions Bancorporation, N.A. worth $7,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Cresset Asset Management LLC grew its stake in Zions Bancorporation, N.A. by 36.1% during the 1st quarter. Cresset Asset Management LLC now owns 5,593 shares of the bank's stock worth $279,000 after purchasing an additional 1,484 shares in the last quarter. American Century Companies Inc. grew its stake in Zions Bancorporation, N.A. by 6.8% during the 1st quarter. American Century Companies Inc. now owns 571,233 shares of the bank's stock worth $28,482,000 after purchasing an additional 36,586 shares in the last quarter. Ethic Inc. grew its stake in Zions Bancorporation, N.A. by 1.5% during the 1st quarter. Ethic Inc. now owns 30,329 shares of the bank's stock worth $1,501,000 after purchasing an additional 457 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in Zions Bancorporation, N.A. by 21.3% during the 1st quarter. Brandywine Global Investment Management LLC now owns 45,172 shares of the bank's stock worth $2,252,000 after purchasing an additional 7,926 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Zions Bancorporation, N.A. by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank's stock worth $351,027,000 after purchasing an additional 233,252 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Stock Down 2.7%

NASDAQ ZION traded down $1.59 during trading on Friday, reaching $56.52. 1,643,360 shares of the company's stock were exchanged, compared to its average volume of 1,223,007. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $8.34 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a 50 day moving average price of $54.96 and a two-hundred day moving average price of $50.38.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its earnings results 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 previous year, the business earned $1.28 EPS. On average, equities research analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 14th. This is an increase from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is presently 32.91%.

Analysts Set New Price Targets

Several research firms recently commented on ZION. Jefferies Financial Group raised Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and boosted their target price for the stock from $45.00 to $60.00 in a research note on Tuesday, July 22nd. DA Davidson boosted their target price on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Morgan Stanley boosted their target price on Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 22nd. Wall Street Zen raised Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, JPMorgan Chase & Co. lifted their price target on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $60.78.

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.