Quantinno Capital Management LP Has $7.10 Million Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Quantinno Capital Management LP lifted its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 48.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,819 shares of the bank's stock after buying an additional 42,874 shares during the quarter. Quantinno Capital Management LP owned about 0.09% of Zions Bancorporation, National Association worth $7,097,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Zions Bancorporation, National Association by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock worth $1,032,775,000 after acquiring an additional 285,588 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Zions Bancorporation, National Association by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,807,221 shares of the bank's stock worth $369,295,000 after purchasing an additional 175,656 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Zions Bancorporation, National Association by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank's stock worth $264,902,000 after purchasing an additional 194,995 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Zions Bancorporation, National Association by 0.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,698,530 shares of the bank's stock worth $146,396,000 after purchasing an additional 14,070 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Zions Bancorporation, National Association by 20.8% during the 4th quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after purchasing an additional 390,601 shares during the period. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Trading Up 0.8%

Shares of ZION stock traded up $0.40 on Thursday, reaching $47.04. The company had a trading volume of 424,447 shares, compared to its average volume of 1,575,262. The company has a 50-day moving average of $46.50 and a 200-day moving average of $52.79. Zions Bancorporation, National Association has a 12 month low of $39.32 and a 12 month high of $63.22. The stock has a market cap of $6.94 billion, a PE ratio of 9.51, a PEG ratio of 1.61 and a beta of 0.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.24 EPS 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 the consensus estimate of $792.49 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, equities analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Thursday, May 15th. Zions Bancorporation, National Association's payout ratio is currently 33.59%.

Zions Bancorporation, National Association announced that its Board of Directors has approved a share repurchase plan on Monday, February 24th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the bank to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

ZION has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price objective on Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Truist Financial assumed coverage on shares of Zions Bancorporation, National Association in a report on Tuesday, May 13th. They issued a "hold" rating and a $52.00 price target for the company. Morgan Stanley dropped their price objective on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Wall Street Zen cut shares of Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Wells Fargo & Company lowered their price target on Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of "Hold" and a consensus price target of $57.94.

About Zions Bancorporation, National Association

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.