Hussman Strategic Advisors Inc. Acquires 10,500 Shares of Zions Bancorporation, N.A. (NASDAQ:ZION)

Hussman Strategic Advisors Inc. grew its position in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 50.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,500 shares of the bank's stock after acquiring an additional 10,500 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in Zions Bancorporation, N.A. were worth $1,571,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ZION. Raymond James Financial Inc. bought a new position in shares of Zions Bancorporation, N.A. during the 4th quarter worth approximately $7,739,000. HighTower Advisors LLC lifted its position in shares of Zions Bancorporation, N.A. by 2.8% during the 4th quarter. HighTower Advisors LLC now owns 67,308 shares of the bank's stock worth $3,651,000 after buying an additional 1,861 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Zions Bancorporation, N.A. by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after buying an additional 183 shares during the period. Swiss National Bank lifted its position in shares of Zions Bancorporation, N.A. by 0.8% during the 4th quarter. Swiss National Bank now owns 290,500 shares of the bank's stock worth $15,760,000 after buying an additional 2,300 shares during the period. Finally, Boston Partners bought a new position in shares of Zions Bancorporation, N.A. during the 4th quarter worth approximately $33,961,000. Institutional investors own 76.84% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on ZION. Citigroup raised their target price on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group assumed coverage on Zions Bancorporation, N.A. in a research report on Wednesday, May 21st. They issued an "underperform" rating and a $40.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on 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. Argus upgraded Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their price objective on Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $57.50.

Zions Bancorporation, N.A. Trading Up 0.9%

NASDAQ ZION traded up $0.49 on Monday, reaching $57.29. The company had a trading volume of 464,245 shares, compared to its average volume of 1,537,914. The stock's 50 day moving average is $50.54 and its 200-day moving average is $50.76. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.71 and a beta of 0.90. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.71. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $792.49 million. Zions Bancorporation, N.A. had a return on equity of 13.53% and a net margin of 16.08%. During the same quarter in the prior year, the company posted $0.96 earnings per share. Equities analysts predict that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 annualized dividend and a dividend yield of 3.00%. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is currently 33.59%.

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.