Physician Wealth Advisors Inc. Has $1.29 Million Position in Zions Bancorporation, N.A. $ZION

Physician Wealth Advisors Inc. lifted its stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 63.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 22,464 shares of the bank’s stock after buying an additional 8,697 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Zions Bancorporation, N.A. were worth $1,294,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Zions Bancorporation, N.A. by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,420,688 shares of the bank’s stock worth $434,407,000 after acquiring an additional 77,612 shares during the last quarter. LSV Asset Management lifted its holdings in Zions Bancorporation, N.A. by 1.3% during the 4th quarter. LSV Asset Management now owns 3,888,064 shares of the bank’s stock worth $227,607,000 after purchasing an additional 48,346 shares during the last quarter. Morgan Stanley boosted its stake in Zions Bancorporation, N.A. by 10.8% in the 4th quarter. Morgan Stanley now owns 3,151,319 shares of the bank’s stock valued at $184,478,000 after purchasing an additional 306,717 shares during the period. AQR Capital Management LLC grew its holdings in Zions Bancorporation, N.A. by 31.6% in the 3rd quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank’s stock valued at $167,677,000 after buying an additional 711,218 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Zions Bancorporation, N.A. by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,963,243 shares of the bank’s stock worth $173,501,000 after buying an additional 30,881 shares during the period. 76.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 4,209 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $62.50, for a total value of $263,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.43% of the stock is owned by corporate insiders.

Zions Bancorporation, N.A. Price Performance

Shares of ZION stock opened at $70.70 on Thursday. The business has a fifty day simple moving average of $63.84 and a 200 day simple moving average of $60.88. The company has a market cap of $10.40 billion, a P/E ratio of 11.00, a P/E/G ratio of 2.22 and a beta of 0.80. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.27. Zions Bancorporation, N.A. has a twelve month low of $46.19 and a twelve month high of $70.88.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings results on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13. The company had revenue of $859.00 million for the quarter, compared to the consensus estimate of $853.73 million. Zions Bancorporation, N.A. had a net margin of 19.53% and a return on equity of 13.90%. During the same period last year, the company posted $1.13 EPS. On average, sell-side analysts forecast that Zions Bancorporation, N.A. will post 6.47 EPS for the current fiscal year.

Zions Bancorporation, N.A. announced that its board has approved a stock repurchase program on Saturday, May 2nd that allows the company to buyback $225.00 million in outstanding shares. This buyback authorization allows the bank to purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Zions Bancorporation, N.A. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.5%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 27.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Royal Bank Of Canada raised their price target on shares of Zions Bancorporation, N.A. from $64.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 21st. Truist Financial lifted their price target on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Morgan Stanley increased their price target on Zions Bancorporation, N.A. from $68.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday. Robert W. Baird reiterated a “neutral” rating and set a $68.00 target price on shares of Zions Bancorporation, N.A. in a research report on Tuesday, June 23rd. Finally, Barclays raised their price target on Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $67.35.

Zions Bancorporation, N.A. Profile

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.