Inspire Investing LLC Sells 489 Shares of Zions Bancorporation, N.A. $ZION

Inspire Investing LLC reduced its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 6.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,906 shares of the bank’s stock after selling 489 shares during the period. Inspire Investing LLC’s holdings in Zions Bancorporation, N.A. were worth $344,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Picton Mahoney Asset Management bought a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth $25,000. Curat Global LLC bought a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth $25,000. New Age Alpha Advisors LLC bought a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth $40,000. Princeton Global Asset Management LLC bought a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth $50,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth $52,000. 76.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Cantor Fitzgerald began coverage on shares of Zions Bancorporation, N.A. in a report on Wednesday, September 10th. They set an “overweight” rating and a $64.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of 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 upped their target price on shares of 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. DA Davidson upped their target price on shares of Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird upped their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Zions Bancorporation, N.A. currently has an average rating of “Hold” and an average target price of $60.95.

Zions Bancorporation, N.A. Trading Down 1.0%

Shares of ZION stock opened at $56.50 on Wednesday. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $63.22. The company has a market capitalization of $8.34 billion, a P/E ratio of 10.33, a P/E/G ratio of 1.49 and a beta of 0.97. The firm has a 50-day moving average price of $55.39 and a 200 day moving average price of $50.53. 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. (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.27. The firm had revenue of $838.00 million during the quarter, compared to the consensus estimate of $810.24 million. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. During the same period last year, the firm posted $1.28 EPS. Research analysts forecast that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders 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 of this dividend was Thursday, August 14th. This represents a $1.80 annualized dividend and a dividend yield of 3.2%. Zions Bancorporation, N.A.’s payout ratio is 32.91%.

Zions Bancorporation, N.A. Profile

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.