Strs Ohio Takes Position in Zions Bancorporation, N.A. $ZION

Strs Ohio bought a new stake in Zions Bancorporation, N.A. (NASDAQ:ZION) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,499 shares of the bank’s stock, valued at approximately $1,371,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Curat Global LLC bought a new position in Zions Bancorporation, N.A. during the 1st quarter worth approximately $25,000. Picton Mahoney Asset Management acquired a new stake in shares of Zions Bancorporation, N.A. in the first quarter valued at approximately $25,000. New Age Alpha Advisors LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the first quarter valued at approximately $40,000. Princeton Global Asset Management LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the first quarter valued at approximately $50,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Zions Bancorporation, N.A. during the first quarter worth $52,000. Institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ZION. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $45.00 to $60.00 in a report on Tuesday, July 22nd. Royal Bank Of Canada boosted their target price on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 22nd. Robert W. Baird boosted 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 report on Tuesday, July 22nd. Truist Financial upped their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley upped their price objective on shares of Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.95.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION stock opened at $57.50 on Thursday. The stock has a market capitalization of $8.49 billion, a PE ratio of 10.51, a PEG ratio of 1.47 and a beta of 0.97. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $63.22. The business’s 50 day simple moving average is $55.42 and its 200 day simple moving average is $50.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $838.00 million for the quarter, compared to analysts’ expectations of $810.24 million. During the same period in the prior year, the business earned $1.28 EPS. As a group, research analysts forecast that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Increases Dividend

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