Mutual Advisors LLC Makes New $200,000 Investment in Zions Bancorporation, N.A. $ZION

Mutual Advisors LLC bought a new position in Zions Bancorporation, N.A. (NASDAQ:ZION) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,614 shares of the bank’s stock, valued at approximately $200,000.

Several other large investors have also modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new position in Zions Bancorporation, N.A. during the 1st quarter valued at $224,000. Principal Financial Group Inc. increased its position in shares of Zions Bancorporation, N.A. by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 340,066 shares of the bank’s stock worth $16,956,000 after purchasing an additional 1,561 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Zions Bancorporation, N.A. in the 1st quarter valued at about $1,261,000. Teacher Retirement System of Texas increased its position in Zions Bancorporation, N.A. by 6.2% in the 1st quarter. Teacher Retirement System of Texas now owns 48,147 shares of the bank’s stock valued at $2,401,000 after acquiring an additional 2,821 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in Zions Bancorporation, N.A. by 76.3% in the 1st quarter. Bessemer Group Inc. now owns 11,637 shares of the bank’s stock valued at $581,000 after acquiring an additional 5,035 shares in the last quarter. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION stock opened at $51.69 on Thursday. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 1.17 and a beta of 0.93. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $55.82 and a 200-day moving average of $51.64.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings data on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. The business had revenue of $705.00 million for the quarter. Zions Bancorporation, N.A. had a return on equity of 13.84% and a net margin of 17.22%. On average, equities analysts forecast that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were given a $0.45 dividend. The ex-dividend date was Thursday, August 14th. This is an increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 3.5%. Zions Bancorporation, N.A.’s dividend payout ratio is presently 32.26%.

Analysts Set New Price Targets

ZION has been the topic of several recent analyst reports. Baird R W raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Zacks Research lowered shares of Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. DA Davidson boosted their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada boosted their target price on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 22nd. Finally, Robert W. Baird upgraded shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price objective on the stock in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Zions Bancorporation, N.A. currently has an average rating of “Hold” and a consensus target price of $61.60.

About Zions Bancorporation, N.A.

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.