Elizabeth Park Capital Advisors Ltd. Has $3.01 Million Stock Holdings in Zions Bancorporation, N.A. $ZION

Elizabeth Park Capital Advisors Ltd. raised its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 28.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,850 shares of the bank’s stock after purchasing an additional 12,760 shares during the quarter. Zions Bancorporation, N.A. makes up about 2.7% of Elizabeth Park Capital Advisors Ltd.’s portfolio, making the stock its 13th biggest holding. Elizabeth Park Capital Advisors Ltd.’s holdings in Zions Bancorporation, N.A. were worth $3,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in ZION. Traub Capital Management LLC bought a new position in shares of Zions Bancorporation, N.A. in the 2nd quarter valued at about $31,000. Assetmark Inc. grew its holdings in Zions Bancorporation, N.A. by 75.3% during the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after purchasing an additional 289 shares during the period. New Age Alpha Advisors LLC acquired a new position in Zions Bancorporation, N.A. during the first quarter worth approximately $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Zions Bancorporation, N.A. in the first quarter valued at approximately $52,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the second quarter valued at approximately $62,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ZION. TD Cowen began coverage on Zions Bancorporation, N.A. in a report on Thursday, September 25th. They set a “hold” rating and a $64.00 target price on the stock. Bank of America upgraded shares of Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $59.00 to $62.00 in a report on Thursday, October 23rd. Piper Sandler cut their target price on shares of Zions Bancorporation, N.A. from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday, October 16th. Evercore ISI upped their price target on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Finally, UBS Group lowered their price target on shares of Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.29.

Zions Bancorporation, N.A. Price Performance

Shares of Zions Bancorporation, N.A. stock opened at $55.45 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 0.91 and a beta of 0.88. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $59.89. The company has a 50-day simple moving average of $53.03 and a two-hundred day simple moving average of $53.26.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its earnings results on Monday, June 12th. The bank reported $1.32 EPS for the quarter. The company had revenue of $705.00 million for the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.56%. Analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, November 13th. Zions Bancorporation, N.A.’s dividend payout ratio is 32.26%.

Insider Activity at Zions Bancorporation, N.A.

In related news, EVP Jennifer Anne Smith sold 2,458 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $53.11, for a total value of $130,544.38. Following the completion of the transaction, the executive vice president owned 27,133 shares of the company’s stock, valued at $1,441,033.63. The trade was a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.22% of the company’s stock.

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.