Chicago Partners Investment Group LLC Acquires 1,100 Shares of Zions Bancorporation, N.A. $ZION

Chicago Partners Investment Group LLC grew its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION) by 14.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 8,487 shares of the bank’s stock after purchasing an additional 1,100 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Zions Bancorporation, N.A. were worth $480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Picton Mahoney Asset Management bought a new position in Zions Bancorporation, N.A. in the first quarter valued at about $25,000. New Age Alpha Advisors LLC bought a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter valued at approximately $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter valued at approximately $52,000. Bridge Generations Wealth Management LLC bought a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter valued at approximately $65,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Zions Bancorporation, N.A. during the 2nd quarter valued at approximately $65,000. Institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

ZION has been the topic of a number of research reports. Robert W. Baird raised shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a research note on Friday, October 17th. Citigroup boosted their price target on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Baird R W raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. JPMorgan Chase & Co. boosted their price objective on shares of Zions Bancorporation, N.A. from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.60.

Zions Bancorporation, N.A. Price Performance

Zions Bancorporation, N.A. stock opened at $51.69 on Thursday. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 1.17 and a beta of 0.93. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $63.22. The stock’s 50 day moving average price is $55.82 and its two-hundred day moving average price is $51.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its earnings results on Monday, June 12th. The bank reported $1.32 earnings per share (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%. On average, equities 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. Shareholders of record on Thursday, August 14th were issued a $0.45 dividend. The ex-dividend date was Thursday, August 14th. This is an increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 3.5%. Zions Bancorporation, N.A.’s dividend payout ratio is currently 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.