Tweedy Browne Co LLC Boosts Position in Zions Bancorporation, N.A. $ZION

Key Points

• Tweedy Browne Co LLC increased its stake in Zions Bancorporation, N.A. by 120.8% during the second quarter, now holding 10,055 shares valued at approximately $522,000.
• Zions Bancorporation recently posted a quarterly earnings report, with earnings per share of $1.32 and a revenue of $705 million for the quarter.
• The company declared a new quarterly dividend of $0.45 per share, representing a yield of 3.8%, an increase from the previous $0.43 per share dividend.

Tweedy Browne Co LLC boosted its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 120.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,055 shares of the bank's stock after buying an additional 5,502 shares during the quarter. Tweedy Browne Co LLC's holdings in Zions Bancorporation, N.A. were worth $522,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new position in shares of Zions Bancorporation, N.A. during the 1st quarter valued at approximately $224,000. Principal Financial Group Inc. increased its holdings in shares of Zions Bancorporation, N.A. by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 340,066 shares of the bank's stock valued at $16,956,000 after purchasing an additional 1,561 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Zions Bancorporation, N.A. during the 1st quarter valued at approximately $3,383,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Zions Bancorporation, N.A. during the 1st quarter valued at approximately $1,261,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of Zions Bancorporation, N.A. by 6.2% during the 1st quarter. Teacher Retirement System of Texas now owns 48,147 shares of the bank's stock valued at $2,401,000 after purchasing an additional 2,821 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Trading Down 13.1%

Shares of ZION stock opened at $46.93 on Friday. The company's 50-day moving average price is $55.91 and its 200-day moving average price is $51.50. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.15 and a beta of 0.93. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. The firm had revenue of $705.00 million for the quarter. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. As a group, equities analysts predict that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 14th. This is a positive change from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.'s dividend payout ratio is presently 32.91%.

Analyst Upgrades and Downgrades

ZION has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on shares of Zions Bancorporation, N.A. in a report on Wednesday, September 10th. They set an "overweight" rating and a $64.00 target price for the company. Truist Financial boosted their price target on shares of Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a "hold" rating in a report on Wednesday, July 23rd. TD Cowen initiated coverage on shares of Zions Bancorporation, N.A. in a report on Thursday, September 25th. They issued a "hold" rating and a $64.00 price target for the company. Robert W. Baird boosted their price target on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Zions Bancorporation, N.A. in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $61.33.

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.

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