Wealth Enhancement Advisory Services LLC Acquires 27,001 Shares of Zions Bancorporation, N.A. (NASDAQ:ZION)

Wealth Enhancement Advisory Services LLC increased its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 61.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,936 shares of the bank's stock after purchasing an additional 27,001 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Zions Bancorporation, N.A. were worth $3,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Zions Bancorporation, N.A. by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock valued at $29,000 after purchasing an additional 183 shares during the last quarter. Jackson Creek Investment Advisors LLC raised its stake in Zions Bancorporation, N.A. by 3.3% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank's stock valued at $490,000 after buying an additional 285 shares during the last quarter. Blair William & Co. IL raised its stake in Zions Bancorporation, N.A. by 4.7% during the 4th quarter. Blair William & Co. IL now owns 6,713 shares of the bank's stock valued at $364,000 after buying an additional 303 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Zions Bancorporation, N.A. by 0.8% in the 4th quarter. Arizona State Retirement System now owns 42,839 shares of the bank's stock worth $2,324,000 after purchasing an additional 322 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Zions Bancorporation, N.A. by 0.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 130,959 shares of the bank's stock worth $7,100,000 after purchasing an additional 350 shares in the last quarter. 76.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on ZION. Keefe, Bruyette & Woods cut their price target on 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. Royal Bank Of Canada cut their price target on Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird cut their price target on Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen upgraded Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Jefferies Financial Group began coverage on Zions Bancorporation, N.A. in a research note on Wednesday, May 21st. They issued an "underperform" rating and a $40.00 price target for the company. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $57.94.

Zions Bancorporation, N.A. Stock Performance

Zions Bancorporation, N.A. stock opened at $51.40 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.83 and a quick ratio of 0.83. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The firm has a market capitalization of $7.59 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 1.64 and a beta of 0.88. The company's 50-day moving average is $47.40 and its 200 day moving average is $50.86.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $795.00 million for the quarter, compared to analyst estimates of $792.49 million. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. During the same period last year, the company posted $0.96 earnings per share. Research analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s payout ratio is 33.59%.

Zions Bancorporation, N.A. Company 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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