Zions Bancorporation, N.A. $ZION Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,439 shares of the bank’s stock after purchasing an additional 491 shares during the period. Public Employees Retirement System of Ohio’s holdings in Zions Bancorporation, N.A. were worth $2,516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZION. Wealth Enhancement Advisory Services LLC increased its position in Zions Bancorporation, N.A. by 6.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 43,935 shares of the bank’s stock worth $2,383,000 after purchasing an additional 2,712 shares during the last quarter. GAMMA Investing LLC increased its position in Zions Bancorporation, N.A. by 5,690.4% during the first quarter. GAMMA Investing LLC now owns 550,903 shares of the bank’s stock worth $27,468,000 after purchasing an additional 541,389 shares during the last quarter. NBC Securities Inc. increased its position in Zions Bancorporation, N.A. by 158,900.0% during the first quarter. NBC Securities Inc. now owns 1,590 shares of the bank’s stock worth $79,000 after purchasing an additional 1,589 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Zions Bancorporation, N.A. during the first quarter worth about $780,000. Finally, Contravisory Investment Management Inc. increased its position in Zions Bancorporation, N.A. by 3.6% during the first quarter. Contravisory Investment Management Inc. now owns 17,885 shares of the bank’s stock worth $892,000 after purchasing an additional 622 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Trading Down 0.2%

Shares of ZION stock opened at $56.48 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 $8.34 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 1.48 and a beta of 0.93. The company has a 50 day moving average price of $55.66 and a 200 day moving average price of $51.13. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings data on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.27. The firm had revenue of $838.00 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business 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 declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were paid a $0.45 dividend. 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 yield of 3.2%. The ex-dividend date was Thursday, August 14th. Zions Bancorporation, N.A.’s payout ratio is presently 32.91%.

Analyst Upgrades and Downgrades

ZION has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 22nd. Citigroup lifted their price target on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Morgan Stanley lifted their price target on shares of Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zions Bancorporation, N.A. has a consensus rating of “Hold” and a consensus target price of $61.45.

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.