4,517 Shares in Zions Bancorporation, N.A. $ZION Acquired by Callan Family Office LLC

Callan Family Office LLC bought a new position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,517 shares of the bank’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Zions Bancorporation, N.A. by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank’s stock worth $351,027,000 after acquiring an additional 233,252 shares during the last quarter. LSV Asset Management boosted its position in shares of Zions Bancorporation, N.A. by 3.7% in the 1st quarter. LSV Asset Management now owns 3,791,047 shares of the bank’s stock valued at $189,022,000 after purchasing an additional 136,870 shares during the period. AQR Capital Management LLC increased its stake in Zions Bancorporation, N.A. by 326.4% in the 1st quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank’s stock worth $139,927,000 after purchasing an additional 2,194,514 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Zions Bancorporation, N.A. by 9.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,834,949 shares of the bank’s stock worth $147,247,000 after buying an additional 240,329 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Zions Bancorporation, N.A. by 57.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,133,336 shares of the bank’s stock worth $106,368,000 after buying an additional 778,861 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Stock Down 13.1%

ZION stock opened at $46.93 on Friday. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month 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 company has a market cap of $6.93 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.15 and a beta of 0.93. The business’s 50-day simple moving average is $55.91 and its 200 day simple moving average is $51.50.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its earnings results on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. The business had revenue of $705.00 million for the quarter. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were issued a $0.45 dividend. This is an increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 14th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 32.91%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ZION shares. Wells Fargo & Company increased their target price on Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the company an “equal weight” rating in a report on Tuesday, July 22nd. Piper Sandler reduced their price objective on Zions Bancorporation, N.A. from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Zions Bancorporation, N.A. in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Finally, Jefferies Financial Group raised shares of Zions Bancorporation, N.A. from an “underperform” rating to a “hold” rating and increased their price target for the stock from $45.00 to $60.00 in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.33.

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.