Stratos Wealth Partners LTD. Has $410,000 Holdings in Zions Bancorporation, N.A. (NASDAQ:ZION)

Stratos Wealth Partners LTD. lessened its position in Zions Bancorporation, N.A. (NASDAQ:ZION) by 13.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 8,218 shares of the bank’s stock after selling 1,272 shares during the period. Stratos Wealth Partners LTD.’s holdings in Zions Bancorporation, N.A. were worth $410,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Curat Global LLC purchased a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Zions Bancorporation, N.A. by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after buying an additional 183 shares during the last quarter. Covestor Ltd boosted its position in shares of Zions Bancorporation, N.A. by 128.1% during the fourth quarter. Covestor Ltd now owns 853 shares of the bank’s stock valued at $46,000 after buying an additional 479 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at approximately $50,000. Finally, CX Institutional purchased a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ:ZION opened at $56.92 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $8.40 billion, a PE ratio of 11.12, a P/E/G ratio of 1.82 and a beta of 0.90. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $63.22. The company has a 50-day moving average price of $49.56 and a two-hundred day moving average price of $50.70.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $795.00 million during the quarter, compared to analyst estimates of $792.49 million. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. During the same quarter last year, the business earned $0.96 earnings per share. Equities analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a yield of 3.02%. Zions Bancorporation, N.A.’s dividend payout ratio is presently 33.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZION. Jefferies Financial Group began coverage on Zions Bancorporation, N.A. in a research report on Wednesday, May 21st. They set an “underperform” rating and a $40.00 target price on the stock. Robert W. Baird dropped their price target on Zions Bancorporation, N.A. from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Stephens reduced their price objective on Zions Bancorporation, N.A. from $54.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective on Zions Bancorporation, N.A. from $58.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods reduced 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 note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.50.

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.