Ingalls & Snyder LLC Grows Stock Holdings in Zions Bancorporation, N.A. $ZION

Ingalls & Snyder LLC increased its stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 59.1% in the 2nd quarter, Holdings Channel reports. The firm owned 31,256 shares of the bank’s stock after buying an additional 11,612 shares during the period. Ingalls & Snyder LLC’s holdings in Zions Bancorporation, N.A. were worth $1,623,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Lynx Investment Advisory raised its holdings in shares of Zions Bancorporation, N.A. by 3.5% during the second quarter. Lynx Investment Advisory now owns 6,371 shares of the bank’s stock valued at $331,000 after purchasing an additional 213 shares during the last quarter. Blackhawk Capital Partners LLC. increased its holdings in Zions Bancorporation, N.A. by 5.3% during the first quarter. Blackhawk Capital Partners LLC. now owns 4,885 shares of the bank’s stock valued at $244,000 after buying an additional 245 shares during the last quarter. Leo Wealth LLC increased its holdings in Zions Bancorporation, N.A. by 1.7% during the first quarter. Leo Wealth LLC now owns 14,917 shares of the bank’s stock valued at $744,000 after buying an additional 253 shares during the last quarter. Wedmont Private Capital increased its holdings in Zions Bancorporation, N.A. by 2.6% during the second quarter. Wedmont Private Capital now owns 10,136 shares of the bank’s stock valued at $564,000 after buying an additional 256 shares during the last quarter. Finally, MAI Capital Management increased its holdings in Zions Bancorporation, N.A. by 1.5% during the first quarter. MAI Capital Management now owns 19,591 shares of the bank’s stock valued at $977,000 after buying an additional 293 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial upped their price target on shares of Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, July 23rd. Baird R W upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. 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 report on Friday, October 17th. Cantor Fitzgerald began coverage on shares of Zions Bancorporation, N.A. in a research report on Wednesday, September 10th. They set an “overweight” rating and a $64.00 price objective for the company. Finally, Royal Bank Of Canada increased their target price on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.62.

Zions Bancorporation, N.A. Trading Up 2.8%

NASDAQ ZION opened at $53.12 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.88 and a beta of 0.93. The company’s 50-day simple moving average is $55.78 and its two-hundred day simple moving average is $51.89. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its earnings results on Monday, June 12th. The bank reported $1.32 EPS for the quarter. The business had revenue of $705.00 million for the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.84%. Equities analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued a $0.45 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 32.26%.

Zions Bancorporation, N.A. Profile

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.