Zions Bancorporation, N.A. $ZION Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 39.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,105 shares of the bank’s stock after purchasing an additional 1,455 shares during the quarter. TD Private Client Wealth LLC’s holdings in Zions Bancorporation, N.A. were worth $265,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new stake in Zions Bancorporation, N.A. in the first quarter valued at approximately $224,000. Principal Financial Group Inc. grew its holdings in Zions Bancorporation, N.A. by 0.5% in the first quarter. Principal Financial Group Inc. now owns 340,066 shares of the bank’s stock valued at $16,956,000 after purchasing an additional 1,561 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Zions Bancorporation, N.A. in the first quarter valued at approximately $3,383,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Zions Bancorporation, N.A. in the first quarter valued at approximately $1,261,000. Finally, Teacher Retirement System of Texas grew its holdings in Zions Bancorporation, N.A. by 6.2% in the first quarter. Teacher Retirement System of Texas now owns 48,147 shares of the bank’s stock valued at $2,401,000 after purchasing an additional 2,821 shares during the period. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Trading Up 0.4%

NASDAQ ZION opened at $57.54 on Monday. The company’s fifty day simple moving average is $55.66 and its 200-day simple moving average is $50.99. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The stock has a market cap of $8.49 billion, a P/E ratio of 10.52, a PEG ratio of 1.50 and a beta of 0.97.

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

Zions Bancorporation, N.A. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a dividend of $0.45 per share. 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.1%. Zions Bancorporation, N.A.’s dividend payout ratio is presently 32.91%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ZION shares. 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 report on Tuesday, July 22nd. Truist Financial boosted their target price on shares of Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, July 23rd. TD Cowen started coverage on shares of Zions Bancorporation, N.A. in a report on Thursday. They issued a “hold” rating and a $64.00 target price for the company. Robert W. Baird boosted their price objective on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Finally, DA Davidson boosted their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.10.

Zions Bancorporation, N.A. Company 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.