Edgestream Partners L.P. Boosts Stake in Zions Bancorporation, N.A. (NASDAQ:ZION)

Edgestream Partners L.P. raised its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 279.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,616 shares of the bank's stock after purchasing an additional 71,146 shares during the quarter. Edgestream Partners L.P. owned 0.07% of Zions Bancorporation, N.A. worth $4,817,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ZION. Norges Bank purchased a new position in Zions Bancorporation, N.A. in the fourth quarter worth about $73,542,000. Balyasny Asset Management L.P. boosted its stake in Zions Bancorporation, N.A. by 249.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,624,521 shares of the bank's stock worth $88,130,000 after buying an additional 1,159,888 shares during the period. Freestone Grove Partners LP bought a new position in Zions Bancorporation, N.A. during the fourth quarter valued at $51,116,000. Boston Partners purchased a new position in shares of Zions Bancorporation, N.A. during the 4th quarter worth about $33,961,000. Finally, GAMMA Investing LLC grew its holdings in Zions Bancorporation, N.A. by 5,690.4% during the 1st quarter. GAMMA Investing LLC now owns 550,903 shares of the bank's stock valued at $27,468,000 after purchasing an additional 541,389 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company's stock.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ:ZION traded up $0.56 during trading on Wednesday, reaching $55.10. The stock had a trading volume of 1,057,328 shares, compared to its average volume of 1,554,557. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 0.83. The business has a fifty day moving average price of $49.95 and a 200-day moving average price of $50.74. The stock has a market cap of $8.13 billion, a PE ratio of 10.76, a PEG ratio of 1.71 and a beta of 0.90.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, topping 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 business had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. During the same period in the previous year, the firm posted $0.96 EPS. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio is presently 33.59%.

Wall Street Analysts Forecast Growth

ZION has been the topic of a number of research analyst reports. Robert W. Baird cut their price target on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their target price on shares of Zions Bancorporation, N.A. from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Wall Street Zen raised shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research note on Sunday. Jefferies Financial Group began 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 for the company. Finally, Royal Bank Of Canada reduced their target price on shares of Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Zions Bancorporation, N.A. has an average rating of "Hold" and a consensus target price of $57.50.

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.