Zions Bancorporation, N.A. $ZION Shares Sold by Paragon Capital Management Ltd

Paragon Capital Management Ltd decreased its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 29.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,471 shares of the bank’s stock after selling 1,909 shares during the quarter. Paragon Capital Management Ltd’s holdings in Zions Bancorporation, N.A. were worth $232,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Zions Bancorporation, N.A. by 326.4% during the first quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank’s stock valued at $139,927,000 after purchasing an additional 2,194,514 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Zions Bancorporation, N.A. by 57.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,133,336 shares of the bank’s stock valued at $106,368,000 after purchasing an additional 778,861 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Zions Bancorporation, N.A. by 5,690.4% during the first quarter. GAMMA Investing LLC now owns 550,903 shares of the bank’s stock valued at $27,468,000 after purchasing an additional 541,389 shares in the last quarter. FJ Capital Management LLC bought a new stake in shares of Zions Bancorporation, N.A. during the first quarter valued at about $21,361,000. Finally, MetLife Investment Management LLC raised its stake in shares of Zions Bancorporation, N.A. by 443.5% during the first quarter. MetLife Investment Management LLC now owns 452,263 shares of the bank’s stock valued at $22,550,000 after purchasing an additional 369,052 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ZION shares. Truist Financial boosted 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 report on Wednesday, July 23rd. Wells Fargo & Company boosted their price target on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 22nd. TD Cowen started coverage on shares of Zions Bancorporation, N.A. in a research report on Thursday. They issued a “hold” rating and a $64.00 price target on the stock. Robert W. Baird boosted their price target on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.10.

Zions Bancorporation, N.A. Price Performance

NASDAQ ZION opened at $57.54 on Friday. The stock’s 50-day moving average price is $55.66 and its two-hundred day moving average price is $50.94. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The company has a market cap of $8.49 billion, a PE ratio of 10.52, a PEG ratio of 1.49 and a beta of 0.97. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings data on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.27. The firm had revenue of $838.00 million for 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 previous year, the company earned $1.28 EPS. On average, analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued a $0.45 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.1%. 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%.

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.