Amundi Has $5 Million Stock Position in Zions Bancorporation, N.A. $ZION

Amundi increased its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 33.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,282 shares of the bank’s stock after acquiring an additional 25,234 shares during the quarter. Amundi owned about 0.07% of Zions Bancorporation, N.A. worth $5,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Focus Partners Advisor Solutions LLC lifted its stake in shares of Zions Bancorporation, N.A. by 114.4% in the first quarter. Focus Partners Advisor Solutions LLC now owns 11,581 shares of the bank’s stock worth $577,000 after acquiring an additional 6,179 shares during the period. FJ Capital Management LLC acquired a new position in shares of Zions Bancorporation, N.A. in the first quarter worth approximately $21,361,000. Cubist Systematic Strategies LLC acquired a new position in shares of Zions Bancorporation, N.A. in the first quarter worth approximately $7,651,000. Royal Bank of Canada lifted its stake in shares of Zions Bancorporation, N.A. by 76.3% in the first quarter. Royal Bank of Canada now owns 137,434 shares of the bank’s stock worth $6,853,000 after acquiring an additional 59,483 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in Zions Bancorporation, N.A. in the first quarter valued at approximately $1,815,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZION has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target 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. JPMorgan Chase & Co. boosted their price target on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Morgan Stanley boosted their price target on Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 22nd. Citigroup boosted their price target on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen raised Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Five investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.95.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ:ZION opened at $57.98 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $63.22. The stock’s 50 day moving average is $55.19 and its 200-day moving average is $50.43. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 1.48 and a beta of 0.97.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.27. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%.The business had revenue of $838.00 million during the quarter, compared to the consensus estimate of $810.24 million. During the same quarter in the prior year, the company posted $1.28 earnings per share. Sell-side analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a $0.45 dividend. This is a boost from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, August 14th. This represents a $1.80 dividend on an annualized basis and a yield of 3.1%. Zions Bancorporation, N.A.’s dividend payout ratio is currently 32.91%.

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.