UMB Bank n.a. Raises Stock Holdings in Zions Bancorporation, N.A. $ZION

UMB Bank n.a. raised its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 24.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,743 shares of the bank’s stock after purchasing an additional 348 shares during the period. UMB Bank n.a.’s holdings in Zions Bancorporation, N.A. were worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Global Financial Private Client LLC raised its stake in Zions Bancorporation, N.A. by 1.6% in the second quarter. Global Financial Private Client LLC now owns 34,606 shares of the bank’s stock valued at $1,797,000 after buying an additional 561 shares during the last quarter. Wedmont Private Capital raised its position in shares of Zions Bancorporation, N.A. by 2.6% in the 2nd quarter. Wedmont Private Capital now owns 10,136 shares of the bank’s stock valued at $564,000 after purchasing an additional 256 shares during the last quarter. Voya Investment Management LLC raised its position in shares of Zions Bancorporation, N.A. by 57.6% in the 1st quarter. Voya Investment Management LLC now owns 138,377 shares of the bank’s stock valued at $6,899,000 after purchasing an additional 50,597 shares during the last quarter. Strs Ohio acquired a new stake in Zions Bancorporation, N.A. in the 1st quarter worth approximately $1,371,000. Finally, Acadian Asset Management LLC grew its position in Zions Bancorporation, N.A. by 20.2% during the 1st quarter. Acadian Asset Management LLC now owns 27,936 shares of the bank’s stock worth $1,392,000 after purchasing an additional 4,694 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZION has been the subject of several research reports. Wall Street Zen raised shares of Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. DA Davidson lifted their price target on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Citigroup lifted their target price on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company increased their price target on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.95.

Zions Bancorporation, N.A. Stock Performance

NASDAQ:ZION opened at $56.91 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $8.40 billion, a PE ratio of 10.40, a P/E/G ratio of 1.49 and a beta of 0.97. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. The company has a fifty day moving average of $55.63 and a two-hundred day moving average of $50.80.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.27. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. The firm 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 firm 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 fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.80 annualized dividend and a yield of 3.2%. This is an increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. 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.