20,485 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Zions Bancorporation, National Association (NASDAQ:ZION) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 20,485 shares of the bank’s stock, valued at approximately $613,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IAG Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association during the first quarter worth $26,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Zions Bancorporation, National Association in the 1st quarter valued at about $30,000. Spire Wealth Management acquired a new stake in Zions Bancorporation, National Association in the 1st quarter valued at about $31,000. Parkside Financial Bank & Trust grew its holdings in Zions Bancorporation, National Association by 51.5% during the first quarter. Parkside Financial Bank & Trust now owns 1,251 shares of the bank’s stock worth $83,000 after purchasing an additional 425 shares during the period. Finally, AXS Investments LLC acquired a new position in Zions Bancorporation, National Association during the fourth quarter worth approximately $72,000. 79.74% of the stock is owned by institutional investors.

Zions Bancorporation, National Association Trading Up 3.1 %

Shares of ZION stock opened at $34.92 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a fifty-two week low of $18.26 and a fifty-two week high of $59.75. The company has a market cap of $5.17 billion, a PE ratio of 6.15, a P/E/G ratio of 7.44 and a beta of 1.14. The stock’s fifty day moving average price is $34.66 and its two-hundred day moving average price is $32.14.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.03. The company had revenue of $1.17 million for the quarter, compared to the consensus estimate of $750.34 million. Zions Bancorporation, National Association had a net margin of 21.43% and a return on equity of 19.24%. The firm’s quarterly revenue was down 99.9% compared to the same quarter last year. During the same period last year, the company posted $1.29 EPS. Equities analysts predict that Zions Bancorporation, National Association will post 4.51 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 17th were issued a dividend of $0.41 per share. The ex-dividend date was Wednesday, August 16th. This represents a $1.64 annualized dividend and a dividend yield of 4.70%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 28.87%.

Wall Street Analysts Forecast Growth

ZION has been the subject of several research analyst reports. Janney Montgomery Scott downgraded Zions Bancorporation, National Association from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Thursday, June 15th. Hovde Group began coverage on shares of Zions Bancorporation, National Association in a report on Monday, May 22nd. They set an “outperform” rating and a $40.00 target price for the company. Truist Financial increased their price target on shares of Zions Bancorporation, National Association from $32.00 to $42.00 and gave the company a “buy” rating in a report on Friday, July 21st. Wells Fargo & Company reduced their price objective on Zions Bancorporation, National Association from $38.00 to $32.00 in a report on Thursday, July 6th. Finally, The Goldman Sachs Group increased their target price on Zions Bancorporation, National Association from $30.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.74.

About Zions Bancorporation, National Association

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.