Wealth Enhancement Advisory Services LLC Boosts Stake in Zions Bancorporation, N.A. (NASDAQ:ZION)

Wealth Enhancement Advisory Services LLC lifted its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 61.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 70,936 shares of the bank’s stock after purchasing an additional 27,001 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Zions Bancorporation, N.A. were worth $3,537,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Curat Global LLC acquired a new stake in Zions Bancorporation, N.A. during the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its position in shares of Zions Bancorporation, N.A. by 51.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after buying an additional 183 shares during the last quarter. Covestor Ltd grew its position in shares of Zions Bancorporation, N.A. by 128.1% in the 4th quarter. Covestor Ltd now owns 853 shares of the bank’s stock valued at $46,000 after buying an additional 479 shares during the last quarter. SRS Capital Advisors Inc. grew its position in shares of Zions Bancorporation, N.A. by 120.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock valued at $49,000 after buying an additional 493 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in Zions Bancorporation, N.A. during the 1st quarter worth $50,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Stock Up 2.5%

Shares of NASDAQ ZION opened at $51.40 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.71. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22. The firm has a 50-day moving average price of $47.40 and a 200 day moving average price of $50.86. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 1.64 and a beta of 0.88.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $792.49 million. During the same quarter last year, the business earned $0.96 earnings per share. Equities research analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 33.59%.

Analyst Ratings Changes

Several brokerages have issued reports on ZION. Royal Bank Of Canada lowered their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $53.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 22nd. Truist Financial began coverage on shares of Zions Bancorporation, N.A. in a research report on Tuesday, May 13th. They set a “hold” rating and a $52.00 price objective on the stock. Morgan Stanley lowered their price objective on shares of Zions Bancorporation, N.A. from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Argus raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Monday, April 28th. Finally, Robert W. Baird lowered their target price on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Zions Bancorporation, N.A. currently has a consensus rating of “Hold” and an average price target of $57.94.

Zions Bancorporation, N.A. Company 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.