Northwestern Mutual Wealth Management Co. Lowers Position in Zions Bancorporation, N.A. $ZION

Northwestern Mutual Wealth Management Co. cut its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 11.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,317 shares of the bank’s stock after selling 292 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Zions Bancorporation, N.A. were worth $116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in Zions Bancorporation, N.A. in the 4th quarter valued at $241,000. BNP Paribas Financial Markets raised its position in Zions Bancorporation, N.A. by 413.0% in the 4th quarter. BNP Paribas Financial Markets now owns 483,363 shares of the bank’s stock valued at $26,222,000 after buying an additional 389,148 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in Zions Bancorporation, N.A. in the 4th quarter valued at $380,000. Captrust Financial Advisors raised its position in Zions Bancorporation, N.A. by 0.7% in the 4th quarter. Captrust Financial Advisors now owns 148,453 shares of the bank’s stock valued at $8,054,000 after buying an additional 1,083 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Zions Bancorporation, N.A. by 343.3% in the 4th quarter. Deutsche Bank AG now owns 275,575 shares of the bank’s stock valued at $14,950,000 after buying an additional 213,405 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Stock Down 2.7%

ZION stock opened at $56.52 on Friday. 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 $8.34 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 1.52 and a beta of 0.97. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. The stock has a fifty day moving average of $54.96 and a 200-day moving average of $50.38.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.27. The company had revenue of $838.00 million during the quarter, compared to the consensus estimate of $810.24 million. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%.During the same quarter in the prior year, the company earned $1.28 EPS. As a group, equities research analysts predict that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current 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 paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, August 14th. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.’s dividend payout ratio is currently 32.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ZION shares. Citigroup increased their price target on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada increased their price target on Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 22nd. DA Davidson increased their price target on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price target on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen raised Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zions Bancorporation, N.A. currently has an average rating of “Hold” and an average target price of $60.78.

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.