Y Intercept Hong Kong Ltd Purchases 11,257 Shares of Zions Bancorporation, N.A. (NASDAQ:ZION)

Y Intercept Hong Kong Ltd grew its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 85.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 24,407 shares of the bank's stock after purchasing an additional 11,257 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Zions Bancorporation, N.A. were worth $1,217,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZION. Blackhawk Capital Partners LLC. grew its holdings in shares of Zions Bancorporation, N.A. by 5.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 4,885 shares of the bank's stock valued at $244,000 after buying an additional 245 shares in the last quarter. Leo Wealth LLC boosted its holdings in shares of Zions Bancorporation, N.A. by 1.7% during the first quarter. Leo Wealth LLC now owns 14,917 shares of the bank's stock worth $744,000 after purchasing an additional 253 shares during the period. Blair William & Co. IL increased its stake in Zions Bancorporation, N.A. by 4.7% in 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 period. CANADA LIFE ASSURANCE Co boosted its position in Zions Bancorporation, N.A. by 0.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 130,959 shares of the bank's stock valued at $7,100,000 after purchasing an additional 350 shares during the last quarter. Finally, Xponance Inc. grew its stake in shares of Zions Bancorporation, N.A. by 2.4% in the 1st quarter. Xponance Inc. now owns 17,053 shares of the bank's stock valued at $850,000 after buying an additional 394 shares in the last quarter. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, N.A. Trading Up 0.4%

Zions Bancorporation, N.A. stock traded up $0.20 during mid-day trading on Friday, hitting $55.38. 1,806,946 shares of the company's stock were exchanged, compared to its average volume of 1,588,781. The firm has a market capitalization of $8.17 billion, a P/E ratio of 10.12, a PEG ratio of 1.58 and a beta of 0.90. The company has a quick ratio of 0.83, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. The company's 50 day simple moving average is $51.21 and its 200-day simple moving average is $50.85. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The bank reported $1.58 EPS for the quarter, beating the consensus estimate of $1.31 by $0.27. The business had revenue of $838.00 million for the quarter, compared to analysts' expectations of $810.24 million. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. During the same period in the previous year, the firm posted $1.28 EPS. On average, equities analysts anticipate that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently announced 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 3.11%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s payout ratio is 31.44%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stephens decreased their target price on Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Argus raised 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. Wall Street Zen upgraded shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. JPMorgan Chase & Co. increased their price target 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. Finally, Jefferies Financial Group raised Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and lifted their price objective for the company from $45.00 to $60.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Zions Bancorporation, N.A. presently has an average rating of "Hold" and a consensus target price 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.