Strs Ohio Sells 24,958 Shares of Zions Bancorporation, N.A. $ZION

Strs Ohio reduced its position in Zions Bancorporation, N.A. (NASDAQ:ZION) by 87.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,468 shares of the bank’s stock after selling 24,958 shares during the period. Strs Ohio’s holdings in Zions Bancorporation, N.A. were worth $196,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Traub Capital Management LLC purchased a new stake in shares of Zions Bancorporation, N.A. in the 2nd quarter valued at $31,000. Assetmark Inc. lifted its stake in Zions Bancorporation, N.A. by 75.3% in the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after purchasing an additional 289 shares in the last quarter. Steph & Co. purchased a new stake in shares of Zions Bancorporation, N.A. in the third quarter valued at about $37,000. Salomon & Ludwin LLC purchased a new position in shares of Zions Bancorporation, N.A. during the 3rd quarter worth $37,000. Finally, Quent Capital LLC acquired a new position in Zions Bancorporation, N.A. during the third quarter worth $45,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays lifted their price objective on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the company an “underweight” rating in a research note on Monday, January 5th. Truist Financial upped their price target on shares of Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $60.00 in a research report on Wednesday, November 19th. Stephens raised their price target on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. Finally, Evercore ISI cut shares of Zions Bancorporation, N.A. from an “outperform” rating to a “hold” rating and set a $65.00 price target on the stock. in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $63.16.

Zions Bancorporation, N.A. Stock Up 1.8%

Shares of NASDAQ:ZION opened at $60.99 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The company’s fifty day moving average is $58.42 and its two-hundred day moving average is $55.81. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $62.26. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of 10.17 and a beta of 0.85.

Zions Bancorporation, N.A. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th will be paid a $0.45 dividend. The ex-dividend date is Thursday, February 12th. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 30.00%.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.