Zions Bancorporation, N.A. (NASDAQ:ZION) Position Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,358 shares of the bank's stock after selling 7,900 shares during the period. New York State Common Retirement Fund's holdings in Zions Bancorporation, N.A. were worth $3,209,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ZION. Xponance Inc. lifted its holdings in shares of Zions Bancorporation, N.A. by 5.4% during the fourth quarter. Xponance Inc. now owns 16,659 shares of the bank's stock worth $904,000 after buying an additional 848 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Zions Bancorporation, N.A. by 38.0% in the fourth quarter. Teacher Retirement System of Texas now owns 45,326 shares of the bank's stock valued at $2,459,000 after acquiring an additional 12,481 shares during the period. American Century Companies Inc. lifted its holdings in Zions Bancorporation, N.A. by 4.4% during the fourth quarter. American Century Companies Inc. now owns 534,647 shares of the bank's stock worth $29,005,000 after acquiring an additional 22,367 shares during the period. Sei Investments Co. raised its stake in shares of Zions Bancorporation, N.A. by 39.7% during the 4th quarter. Sei Investments Co. now owns 97,442 shares of the bank's stock valued at $5,286,000 after purchasing an additional 27,702 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter valued at about $1,628,000. 76.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

ZION has been the subject of a number of research reports. DA Davidson boosted their price target on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday. Keefe, Bruyette & Woods cut their price objective on Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Citigroup increased their target price on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Argus raised shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a report on Monday, April 28th. Finally, Wall Street Zen upgraded shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, N.A. currently has an average rating of "Hold" and a consensus price target of $60.67.

Zions Bancorporation, N.A. Trading Up 0.5%

Shares of NASDAQ:ZION opened at $56.85 on Wednesday. The business's 50-day moving average is $50.54 and its 200 day moving average is $50.76. 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 $8.39 billion, a P/E ratio of 10.39, a P/E/G ratio of 1.70 and a beta of 0.90. 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. (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.27. The firm had revenue of $838.00 million for the quarter, compared to the consensus estimate of $810.24 million. Zions Bancorporation, N.A. had a return on equity of 14.01% and a net margin of 16.98%. During the same quarter in the prior year, the business earned $1.28 earnings per share. On average, research analysts predict that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio is presently 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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