Vident Advisory LLC Purchases 11,531 Shares of Zions Bancorporation, N.A. $ZION

Key Points

• Vident Advisory LLC increased its stake in Zions Bancorporation, N.A. by 109.3%, owning a total of 22,084 shares valued at approximately $1,101,000 as of the end of the first quarter.
• Research firms have raised target prices for Zions Bancorporation, with JPMorgan Chase & Co. increasing its target from $55.00 to $63.00, while Citigroup raised theirs from $48.00 to $52.00.
• Zions Bancorporation announced a quarterly dividend of $0.45, up from $0.43, resulting in an annualized yield of 3.1% with a payout ratio of 32.91%.

Vident Advisory LLC increased its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 109.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,084 shares of the bank's stock after acquiring an additional 11,531 shares during the period. Vident Advisory LLC's holdings in Zions Bancorporation, N.A. were worth $1,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZION. Picton Mahoney Asset Management bought a new stake in Zions Bancorporation, N.A. in the 1st quarter worth about $25,000. Curat Global LLC bought a new stake in Zions Bancorporation, N.A. in the 1st quarter worth about $25,000. New Age Alpha Advisors LLC bought a new stake in Zions Bancorporation, N.A. in the 1st quarter worth about $40,000. Princeton Global Asset Management LLC bought a new stake in Zions Bancorporation, N.A. in the 1st quarter worth about $50,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Zions Bancorporation, N.A. in the 1st quarter worth about $52,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, N.A. Stock Performance

Shares of NASDAQ ZION traded down $1.59 during midday trading on Friday, hitting $56.52. The company's stock had a trading volume of 1,643,360 shares, compared to its average volume of 1,223,007. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 1.47 and a beta of 0.97. 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 fifty day moving average price of $54.96 and a 200 day moving average price of $50.38. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The bank reported $1.58 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 the consensus estimate of $810.24 million. During the same period last year, the firm earned $1.28 EPS. On average, research analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. DA Davidson upped their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company upped their price objective on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada upped their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 22nd. Finally, Citigroup increased their target price on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Four equities 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.