Fuller & Thaler Asset Management Inc. Increases Position in Zions Bancorporation, N.A. $ZION

Fuller & Thaler Asset Management Inc. raised its position in Zions Bancorporation, N.A. (NASDAQ:ZION) by 57.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,133,336 shares of the bank’s stock after purchasing an additional 778,861 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Zions Bancorporation, N.A. were worth $106,368,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at $224,000. Principal Financial Group Inc. boosted its holdings in shares of Zions Bancorporation, N.A. by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 340,066 shares of the bank’s stock valued at $16,956,000 after buying an additional 1,561 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at $3,383,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at $1,261,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Zions Bancorporation, N.A. by 6.2% in the 1st quarter. Teacher Retirement System of Texas now owns 48,147 shares of the bank’s stock valued at $2,401,000 after buying an additional 2,821 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION opened at $52.67 on Monday. The company has a 50-day simple moving average of $52.83 and a 200-day simple moving average of $50.34. 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 capitalization of $7.78 billion, a PE ratio of 9.63, a P/E/G ratio of 1.37 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.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.27. The business had revenue of $838.00 million during the quarter, compared to the consensus estimate of $810.24 million. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. During the same quarter last year, the firm posted $1.28 EPS. Equities research analysts predict that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th will be issued a $0.45 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.’s payout ratio is 32.91%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ZION shares. Wells Fargo & Company upped their target price on shares of 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. Keefe, Bruyette & Woods decreased their price target on shares of Zions Bancorporation, N.A. from $65.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Truist Financial increased their price target 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. Stephens decreased their price target on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, Argus upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, N.A. presently has an average rating of “Hold” and an average target price of $60.78.

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.