Fuller & Thaler Asset Management Inc. Increases Stock Position in Zions Bancorporation, N.A. $ZION

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Zions Bancorporation by 57.5%, owning over 2 million shares valued at approximately $106 million as of the latest SEC disclosure.
• Zions Bancorporation has received mixed ratings from analysts, with the current consensus rating of "Hold" and an average price target of $60.78.
• The bank plans to increase its quarterly dividend to $0.45 per share, resulting in a 3.4% annual yield, effective August 21st.

Fuller & Thaler Asset Management Inc. boosted its stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 57.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,133,336 shares of the bank's stock after buying an additional 778,861 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.45% of Zions Bancorporation, N.A. worth $106,368,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Zions Bancorporation, N.A. by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank's stock valued at $351,027,000 after buying an additional 233,252 shares during the period. LSV Asset Management grew its position in Zions Bancorporation, N.A. by 3.7% during the first quarter. LSV Asset Management now owns 3,791,047 shares of the bank's stock valued at $189,022,000 after buying an additional 136,870 shares during the period. First Trust Advisors LP grew its position in Zions Bancorporation, N.A. by 20.8% during the fourth quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after buying an additional 390,601 shares during the period. Balyasny Asset Management L.P. boosted its position 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 purchasing an additional 1,159,888 shares during the period. Finally, Northern Trust Corp boosted its position in Zions Bancorporation, N.A. by 23.9% during the fourth quarter. Northern Trust Corp now owns 1,473,712 shares of the bank's stock worth $79,949,000 after purchasing an additional 284,624 shares during the period. Institutional investors own 76.84% of the company's stock.

Analyst Upgrades and Downgrades

ZION has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Robert W. Baird increased their target price on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their target price 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, July 22nd. Argus upgraded 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 research report on Monday, April 28th. Finally, Wells Fargo & Company increased their target price on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $60.78.

Zions Bancorporation, N.A. Price Performance

Shares of Zions Bancorporation, N.A. stock traded up $2.36 on Friday, reaching $55.86. The stock had a trading volume of 1,593,806 shares, compared to its average volume of 1,601,455. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22. The company has a market cap of $8.25 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 1.40 and a beta of 0.93. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The business's 50 day moving average is $53.17 and its two-hundred day moving average is $50.33.

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

Zions Bancorporation, N.A. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This is a positive change from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.2%. Zions Bancorporation, N.A.'s payout ratio is currently 32.91%.

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.