GAMMA Investing LLC Increases Stake in Zions Bancorporation, N.A. (NASDAQ:ZION)

GAMMA Investing LLC grew its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION) by 16.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,049 shares of the bank’s stock after acquiring an additional 1,535 shares during the period. GAMMA Investing LLC’s holdings in Zions Bancorporation, N.A. were worth $551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ZION. EverSource Wealth Advisors LLC increased its stake 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 worth $29,000 after purchasing an additional 183 shares in the last quarter. Jackson Creek Investment Advisors LLC lifted its position in Zions Bancorporation, N.A. by 3.3% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank’s stock valued at $490,000 after purchasing an additional 285 shares in the last quarter. Blair William & Co. IL grew its holdings in Zions Bancorporation, N.A. by 4.7% during the fourth quarter. Blair William & Co. IL now owns 6,713 shares of the bank’s stock valued at $364,000 after purchasing an additional 303 shares during the period. Arizona State Retirement System increased its position in Zions Bancorporation, N.A. by 0.8% in the fourth quarter. Arizona State Retirement System now owns 42,839 shares of the bank’s stock worth $2,324,000 after buying an additional 322 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in Zions Bancorporation, N.A. by 0.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 130,959 shares of the bank’s stock worth $7,100,000 after buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ZION. Royal Bank Of Canada lowered their price objective on 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 initiated coverage on shares of Zions Bancorporation, N.A. in a research note on Tuesday, May 13th. They set a “hold” rating and a $52.00 target price on the stock. Wall Street Zen raised shares of Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a report on Saturday, June 14th. Argus raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Monday, April 28th. Finally, Robert W. Baird decreased their price objective on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $57.94.

Zions Bancorporation, N.A. Stock Performance

Shares of NASDAQ ZION opened at $51.94 on Tuesday. The company has a market cap of $7.66 billion, a P/E ratio of 10.14, a P/E/G ratio of 1.68 and a beta of 0.88. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $63.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 0.83. The firm’s fifty day moving average is $47.71 and its two-hundred day moving average is $50.67.

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

Zions Bancorporation, N.A. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.’s dividend payout ratio is presently 33.59%.

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.