Mitsubishi UFJ Trust & Banking Corp Has $5.08 Million Holdings in Zions Bancorporation, N.A. $ZION

Mitsubishi UFJ Trust & Banking Corp increased its position in Zions Bancorporation, N.A. (NASDAQ:ZION) by 39.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,763 shares of the bank’s stock after acquiring an additional 25,292 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Zions Bancorporation, N.A. were worth $5,079,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Zions Bancorporation, N.A. by 76.3% in the first quarter. Royal Bank of Canada now owns 137,434 shares of the bank’s stock worth $6,853,000 after purchasing an additional 59,483 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Zions Bancorporation, N.A. by 18.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,960 shares of the bank’s stock valued at $2,042,000 after buying an additional 6,393 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Zions Bancorporation, N.A. by 0.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 504,860 shares of the bank’s stock worth $25,172,000 after buying an additional 2,659 shares during the period. Focus Partners Wealth lifted its holdings in shares of Zions Bancorporation, N.A. by 91.7% during the first quarter. Focus Partners Wealth now owns 21,502 shares of the bank’s stock worth $1,072,000 after buying an additional 10,283 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Zions Bancorporation, N.A. by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 48,439 shares of the bank’s stock valued at $2,516,000 after acquiring an additional 491 shares during the period. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, N.A. Stock Performance

NASDAQ ZION opened at $59.43 on Friday. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $62.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21. The stock has a market cap of $8.77 billion, a P/E ratio of 9.91 and a beta of 0.85. The company’s 50-day simple moving average is $58.08 and its 200 day simple moving average is $55.74.

Wall Street Analyst Weigh In

Several research firms recently commented on ZION. Stephens upped their target price on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 21st. Citigroup boosted their price objective on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Robert W. Baird upgraded shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Friday, October 17th. Weiss Ratings lowered Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, TD Cowen upped their price target on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.16.

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.