Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 61.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,936 shares of the bank's stock after buying an additional 27,001 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Zions Bancorporation, N.A. were worth $3,537,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Fisher Asset Management LLC bought a new stake in shares of Zions Bancorporation, N.A. during the fourth quarter worth about $389,000. Polymer Capital Management US LLC acquired a new position in Zions Bancorporation, N.A. during the 4th quarter valued at about $229,000. Merit Financial Group LLC bought a new stake in Zions Bancorporation, N.A. during the 1st quarter worth approximately $780,000. Proficio Capital Partners LLC bought a new stake in Zions Bancorporation, N.A. during the 4th quarter worth approximately $4,237,000. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of Zions Bancorporation, N.A. in the fourth quarter worth approximately $651,000. 76.84% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Stephens cut their target price on Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group started coverage on Zions Bancorporation, N.A. in a research note on Wednesday, May 21st. They set an "underperform" rating and a $40.00 price objective on the stock. Truist Financial started coverage on shares of Zions Bancorporation, N.A. in a research note on Tuesday, May 13th. They issued a "hold" rating and a $52.00 target price for the company. Keefe, Bruyette & Woods lowered their target price on shares of Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, Argus upgraded shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a report on Monday, April 28th. Two 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $57.94.
Get Our Latest Report on Zions Bancorporation, N.A.
Zions Bancorporation, N.A. Stock Performance
ZION traded up $0.47 on Monday, hitting $51.94. The company's stock had a trading volume of 1,174,744 shares, compared to its average volume of 1,557,818. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22. The firm has a market cap of $7.66 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 1.68 and a beta of 0.88. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.71. The company's 50 day simple moving average is $47.71 and its 200-day simple moving average is $50.67.
Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. Zions Bancorporation, N.A. had a return on equity of 13.53% and a net margin of 16.08%. The company had revenue of $795.00 million during the quarter, compared to analysts' expectations of $792.49 million. During the same period in the previous year, the business earned $0.96 earnings per share. Analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.
Zions Bancorporation, N.A. Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders 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 3.31%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, N.A.'s payout ratio is presently 33.59%.
Zions Bancorporation, N.A. Company 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.
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