Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 459.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 158,961 shares of the bank's stock after buying an additional 130,556 shares during the period. SG Americas Securities LLC owned approximately 0.11% of Zions Bancorporation, National Association worth $7,926,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Zions Bancorporation, National Association by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock worth $1,032,775,000 after buying an additional 285,588 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Zions Bancorporation, National Association by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,807,221 shares of the bank's stock worth $369,295,000 after purchasing an additional 175,656 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Zions Bancorporation, National Association by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank's stock worth $264,902,000 after purchasing an additional 194,995 shares during the last quarter. First Trust Advisors LP grew its position in Zions Bancorporation, National Association by 20.8% during the 4th quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock worth $123,016,000 after purchasing an additional 390,601 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in Zions Bancorporation, National Association by 249.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,624,521 shares of the bank's stock worth $88,130,000 after purchasing an additional 1,159,888 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ZION. Morgan Stanley dropped their target price on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Argus raised shares of Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a research report on Monday, April 28th. Jefferies Financial Group began coverage on shares of Zions Bancorporation, National Association in a research report on Wednesday, May 21st. They set an "underperform" rating and a $40.00 target price on the stock. Truist Financial began coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, May 13th. They set a "hold" rating and a $52.00 target price on the stock. Finally, Stephens dropped their target price on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $57.94.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION traded down $1.29 during mid-day trading on Friday, reaching $47.43. 1,093,084 shares of the stock were exchanged, compared to its average volume of 1,567,768. The business's 50 day moving average is $46.42 and its 200-day moving average is $51.52. Zions Bancorporation, National Association has a 1 year low of $39.32 and a 1 year high of $63.22. The company has a market capitalization of $7.00 billion, a P/E ratio of 9.58, a P/E/G ratio of 1.61 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The firm had revenue of $795.00 million for the quarter, compared to the consensus estimate of $792.49 million. During the same period in the prior year, the firm posted $0.96 earnings per share. On average, equities research analysts forecast that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, National Association announced that its Board of Directors has initiated a share buyback program on Monday, February 24th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the bank to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 33.59%.

About Zions Bancorporation, National Association

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.