Focus Partners Advisor Solutions LLC Buys Shares of 7,839 Zions Bancorporation, N.A. $ZION

Focus Partners Advisor Solutions LLC bought a new stake in Zions Bancorporation, N.A. (NASDAQ:ZION) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,839 shares of the bank’s stock, valued at approximately $542,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Zions Bancorporation, N.A. by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,477,126 shares of the bank’s stock valued at $430,813,000 after acquiring an additional 56,438 shares during the last quarter. LSV Asset Management lifted its stake in shares of Zions Bancorporation, N.A. by 1.3% in the 4th quarter. LSV Asset Management now owns 3,888,064 shares of the bank’s stock valued at $227,607,000 after purchasing an additional 48,346 shares during the period. Morgan Stanley lifted its stake in shares of 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 boosted its position in shares of 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 worth $167,677,000 after purchasing an additional 711,218 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Zions Bancorporation, N.A. by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,963,243 shares of the bank’s stock worth $173,501,000 after purchasing an additional 30,881 shares during the period. 76.84% of the stock is owned by institutional investors.

Insider Transactions at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Scott A. Law sold 4,608 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $72.42, for a total transaction of $333,711.36. Following the completion of the transaction, the executive vice president owned 32,890 shares in the company, valued at approximately $2,381,893.80. This represents a 12.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Derek Steward sold 894 shares of Zions Bancorporation, N.A. stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $69.65, for a total value of $62,267.10. Following the completion of the sale, the executive vice president directly owned 17,449 shares in the company, valued at $1,215,322.85. This represents a 4.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 88,787 shares of company stock valued at $6,283,858 over the last quarter. Corporate insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ZION shares. Truist Financial increased their target price on Zions Bancorporation, N.A. from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Evercore lowered Zions Bancorporation, N.A. from an “outperform” rating to an “in-line” rating and set a $68.00 target price for the company. in a research report on Thursday, July 23rd. Wells Fargo & Company upped their price target on Zions Bancorporation, N.A. from $66.00 to $73.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. downgraded shares of Zions Bancorporation, N.A. from a “neutral” rating to an “underweight” rating and set a $75.00 price target on the stock. in a research report on Tuesday, July 21st. Finally, Morgan Stanley boosted their price objective on shares of Zions Bancorporation, N.A. from $68.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Six analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.29.

Zions Bancorporation, N.A. Stock Down 0.9%

Shares of Zions Bancorporation, N.A. stock opened at $71.58 on Tuesday. Zions Bancorporation, N.A. has a 1 year low of $46.19 and a 1 year high of $73.34. The business has a 50-day moving average of $69.49 and a two-hundred day moving average of $63.43. The company has a market capitalization of $10.45 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 1.72 and a beta of 0.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.84.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings data on Monday, July 20th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.17. Zions Bancorporation, N.A. had a return on equity of 13.72% and a net margin of 23.92%.The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $877.44 million. During the same period in the previous year, the firm earned $1.63 EPS. Zions Bancorporation, N.A.’s quarterly revenue was up 35.7% compared to the same quarter last year. As a group, equities analysts predict that Zions Bancorporation, N.A. will post 6.6 EPS for the current year.

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

Zions Bancorporation, N.A. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, August 13th. Zions Bancorporation, N.A.’s payout ratio is currently 24.46%.

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.