Zions Bancorporation, N.A. $ZION Shares Purchased by Fuller & Thaler Asset Management Inc.

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. grew its position in Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 57.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,133,336 shares of the bank's stock after purchasing an additional 778,861 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.45% of Zions Bancorporation, N.A. worth $106,368,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in shares of Zions Bancorporation, N.A. in the first quarter valued at approximately $3,057,000. Wellington Management Group LLP raised its position in Zions Bancorporation, N.A. by 59.2% in the first quarter. Wellington Management Group LLP now owns 742,516 shares of the bank's stock valued at $37,022,000 after purchasing an additional 276,178 shares during the period. Raymond James Financial Inc. raised its position in Zions Bancorporation, N.A. by 3.5% in the first quarter. Raymond James Financial Inc. now owns 147,614 shares of the bank's stock valued at $7,360,000 after purchasing an additional 4,955 shares during the period. Cresset Asset Management LLC raised its position in Zions Bancorporation, N.A. by 36.1% in the first quarter. Cresset Asset Management LLC now owns 5,593 shares of the bank's stock valued at $279,000 after purchasing an additional 1,484 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Zions Bancorporation, N.A. by 6.8% in the first quarter. American Century Companies Inc. now owns 571,233 shares of the bank's stock valued at $28,482,000 after buying an additional 36,586 shares in the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Trading Up 4.4%

Shares of ZION stock traded up $2.36 during mid-day trading on Friday, hitting $55.86. 1,594,505 shares of the company's stock were exchanged, compared to its average volume of 1,402,345. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.40 and a beta of 0.93. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $53.34 and a two-hundred day simple moving average of $50.32.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.27. The firm had revenue of $838.00 million for the quarter, compared to analysts' expectations of $810.24 million. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%.During the same quarter last year, the firm earned $1.28 earnings per share. Equities analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on ZION shares. Argus raised 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 note on Monday, April 28th. Royal Bank Of Canada lifted their price target on Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Wells Fargo & Company upped their price objective on Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird upped their price objective on Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $60.78.

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.