U.S. Capital Wealth Advisors LLC acquired a new position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,648 shares of the bank's stock, valued at approximately $232,000.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Zions Bancorporation, N.A. by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock worth $1,032,775,000 after acquiring an additional 285,588 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Zions Bancorporation, N.A. by 2.6% during the fourth 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. First Trust Advisors LP increased its stake in shares of Zions Bancorporation, N.A. by 20.8% in the 4th quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after purchasing an additional 390,601 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Zions Bancorporation, N.A. 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 buying an additional 1,159,888 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Zions Bancorporation, N.A. by 23.9% during the 4th quarter. Northern Trust Corp now owns 1,473,712 shares of the bank's stock worth $79,949,000 after buying an additional 284,624 shares during the last quarter. 76.84% of the stock is owned by institutional investors.
Zions Bancorporation, N.A. Trading Down 0.2%
Shares of ZION stock opened at $56.20 on Friday. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two 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. The stock has a 50 day simple moving average of $49.56 and a two-hundred day simple moving average of $50.76. The company has a market cap of $8.29 billion, a P/E ratio of 10.98, a PEG ratio of 1.83 and a beta of 0.90.
Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. The business had revenue of $795.00 million for the quarter, compared to analyst estimates of $792.49 million. During the same period in the prior year, the firm earned $0.96 earnings per share. Research analysts forecast that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.
Zions Bancorporation, N.A. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a $0.43 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.72 annualized dividend and a dividend yield of 3.06%. Zions Bancorporation, N.A.'s dividend payout ratio is presently 33.59%.
Wall Street Analysts Forecast Growth
ZION has been the topic of a number of research analyst reports. Stephens reduced their price target on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group started coverage on shares of Zions Bancorporation, N.A. in a research report on Wednesday, May 21st. They set an "underperform" rating and a $40.00 target price on the stock. Royal Bank Of Canada decreased their price target on shares of Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods dropped their price target on shares of Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Finally, Robert W. Baird reduced their price objective on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $57.50.
View Our Latest Stock Analysis on Zions Bancorporation, N.A.
Zions Bancorporation, N.A. Profile
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Free Report)
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.
Further Reading
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