Zions Bancorporation, N.A. $ZION Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,031 shares of the bank’s stock after selling 679 shares during the period. Blair William & Co. IL’s holdings in Zions Bancorporation, N.A. were worth $313,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ZION. Picton Mahoney Asset Management acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at $25,000. New Age Alpha Advisors LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at $40,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at $52,000. Ameritas Advisory Services LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 2nd quarter valued at $65,000. Finally, Bridge Generations Wealth Management LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at $65,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Trading Up 5.8%

ZION opened at $49.67 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50 day simple moving average is $55.87 and its two-hundred day simple moving average is $51.51. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 1.05 and a beta of 0.93.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its quarterly earnings results on Monday, June 12th. The bank reported $1.32 EPS for the quarter. The firm had revenue of $705.00 million for the quarter. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. Analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.6%. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, August 14th. Zions Bancorporation, N.A.’s payout ratio is presently 32.91%.

Wall Street Analyst Weigh In

ZION has been the topic of several research reports. DA Davidson upped their target price on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. TD Cowen began coverage on Zions Bancorporation, N.A. in a research report on Thursday, September 25th. They set a “hold” rating and a $64.00 price target on the stock. Jefferies Financial Group raised Zions Bancorporation, N.A. from an “underperform” rating to a “hold” rating and increased their price target for the stock from $45.00 to $60.00 in a research report on Tuesday, July 22nd. Robert W. Baird raised Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a research report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Zions Bancorporation, N.A. in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.33.

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.