Hussman Strategic Advisors Inc. Has $1.57 Million Stake in Zions Bancorporation, N.A. (NASDAQ:ZION)

Hussman Strategic Advisors Inc. raised its stake in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 50.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,500 shares of the bank's stock after purchasing an additional 10,500 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Zions Bancorporation, N.A. were worth $1,571,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Curat Global LLC bought a new stake in Zions Bancorporation, N.A. in the 1st quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings in Zions Bancorporation, N.A. by 51.1% in the 4th 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 period. Covestor Ltd boosted its holdings in Zions Bancorporation, N.A. by 128.1% in the 4th quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after purchasing an additional 479 shares during the period. Princeton Global Asset Management LLC bought a new stake in Zions Bancorporation, N.A. in the 1st quarter valued at $50,000. Finally, CX Institutional bought a new stake in Zions Bancorporation, N.A. in the 1st quarter valued at $53,000. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. Price Performance

Shares of Zions Bancorporation, N.A. stock traded up $0.39 during mid-day trading on Friday, reaching $56.80. 1,377,533 shares of the stock were exchanged, compared to its average volume of 1,546,122. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.71. The firm has a 50-day simple moving average of $50.54 and a 200 day simple moving average of $50.80. 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, April 21st. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $795.00 million during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $0.96 EPS. On average, sell-side analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.03%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, N.A.'s payout ratio is presently 33.59%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ZION. Royal Bank Of Canada reduced their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Zions Bancorporation, N.A. from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Jefferies Financial Group initiated coverage on shares of Zions Bancorporation, N.A. in a research note on Wednesday, May 21st. They issued an "underperform" rating and a $40.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Zions Bancorporation, N.A. from $58.00 to $47.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $57.50.

About Zions Bancorporation, N.A.

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.