Ingalls & Snyder LLC Grows Stock Holdings in Zions Bancorporation, N.A. $ZION

Ingalls & Snyder LLC raised its position in Zions Bancorporation, N.A. (NASDAQ:ZION) by 59.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,256 shares of the bank’s stock after acquiring an additional 11,612 shares during the quarter. Ingalls & Snyder LLC’s holdings in Zions Bancorporation, N.A. were worth $1,623,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of Zions Bancorporation, N.A. in the second quarter valued at about $252,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Zions Bancorporation, N.A. by 9.6% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 40,107 shares of the bank’s stock valued at $2,083,000 after purchasing an additional 3,503 shares in the last quarter. Forum Financial Management LP boosted its stake in shares of Zions Bancorporation, N.A. by 11.5% during the 2nd quarter. Forum Financial Management LP now owns 5,727 shares of the bank’s stock valued at $297,000 after purchasing an additional 589 shares in the last quarter. Ethic Inc. boosted its stake in shares of Zions Bancorporation, N.A. by 1.4% during the 2nd quarter. Ethic Inc. now owns 30,752 shares of the bank’s stock valued at $1,583,000 after purchasing an additional 423 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Zions Bancorporation, N.A. by 14.9% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 8,487 shares of the bank’s stock valued at $480,000 after purchasing an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Stock Up 2.8%

Shares of Zions Bancorporation, N.A. stock opened at $53.12 on Monday. 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 stock has a market capitalization of $7.84 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 0.88 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 company has a 50-day simple moving average of $55.78 and a two-hundred day simple moving average of $51.89.

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 during the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.84%. On average, analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.4%. This is a boost from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, August 14th. Zions Bancorporation, N.A.’s dividend payout ratio is presently 32.26%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ZION. JPMorgan Chase & Co. lifted their target price on shares of Zions Bancorporation, N.A. from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. 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. Weiss Ratings lowered shares of Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Royal Bank Of Canada boosted their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 22nd. Finally, Truist Financial boosted their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Zions Bancorporation, N.A. has an average rating of “Hold” and an average target price of $61.62.

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.