Focus Partners Advisor Solutions LLC Sells 2,353 Shares of Zions Bancorporation, N.A. $ZION

Focus Partners Advisor Solutions LLC cut its stake in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 20.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,228 shares of the bank’s stock after selling 2,353 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Zions Bancorporation, N.A. were worth $479,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. bought a new position in shares of Zions Bancorporation, N.A. in the first quarter valued at about $224,000. Bessemer Group Inc. raised its holdings in shares of Zions Bancorporation, N.A. by 76.3% in the first quarter. Bessemer Group Inc. now owns 11,637 shares of the bank’s stock valued at $581,000 after buying an additional 5,035 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Zions Bancorporation, N.A. in the first quarter valued at about $1,261,000. New York State Teachers Retirement System raised its holdings in shares of Zions Bancorporation, N.A. by 2.5% in the first quarter. New York State Teachers Retirement System now owns 148,072 shares of the bank’s stock valued at $7,383,000 after buying an additional 3,611 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in shares of Zions Bancorporation, N.A. by 26.3% in the first quarter. DAVENPORT & Co LLC now owns 7,200 shares of the bank’s stock valued at $359,000 after buying an additional 1,500 shares during the last quarter. 76.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ZION has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Zacks Research cut Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. DA Davidson lifted their price target on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Morgan Stanley lifted their price objective on Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Finally, Robert W. Baird upgraded Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $61.62.

Insider Activity

In other news, EVP Jennifer Anne Smith sold 2,458 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the completion of the transaction, the executive vice president directly owned 27,133 shares in the company, valued at approximately $1,441,033.63. The trade was a 8.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, N.A. Price Performance

Shares of ZION stock opened at $51.51 on Thursday. The stock has a 50-day moving average price of $55.71 and a 200 day moving average price of $52.07. 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 firm has a market cap of $7.60 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.87 and a beta of 0.93. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its earnings results on Monday, June 12th. The bank reported $1.32 earnings per share (EPS) for the quarter. The company had revenue of $705.00 million during the quarter. Zions Bancorporation, N.A. had a return on equity of 13.84% and a net margin of 17.22%. Research analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, August 14th. This is an increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.’s dividend payout ratio is presently 32.26%.

Zions Bancorporation, N.A. Company 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.