Schroder Investment Management Group Grows Position in Zions Bancorporation, N.A. $ZION

Schroder Investment Management Group lifted its position in Zions Bancorporation, N.A. (NASDAQ:ZION) by 405.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 34,693 shares of the bank’s stock after purchasing an additional 27,829 shares during the period. Schroder Investment Management Group’s holdings in Zions Bancorporation, N.A. were worth $1,786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZION. Norges Bank purchased a new stake in Zions Bancorporation, N.A. during the 2nd quarter valued at $80,883,000. Hsbc Holdings PLC raised its stake in shares of Zions Bancorporation, N.A. by 24.1% during the second quarter. Hsbc Holdings PLC now owns 53,470 shares of the bank’s stock valued at $2,786,000 after acquiring an additional 10,380 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Zions Bancorporation, N.A. by 0.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 165,808 shares of the bank’s stock worth $8,612,000 after purchasing an additional 1,400 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Zions Bancorporation, N.A. in the second quarter worth about $62,000. Finally, Carlson Capital L.P. purchased a new position in Zions Bancorporation, N.A. during the 2nd quarter valued at about $561,000. 76.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Jennifer Anne Smith sold 2,458 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Monday, October 27th. The shares were 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. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION stock opened at $55.45 on Friday. The company’s fifty day moving average price is $53.03 and its 200-day moving average price is $53.26. The stock has a market cap of $8.19 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 0.91 and a beta of 0.88. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $59.89.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings results on Monday, June 12th. The bank reported $1.32 earnings per share (EPS) for the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.56%. The company had revenue of $705.00 million during the quarter. On average, equities analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.2%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 32.26%.

Analysts Set New Price Targets

ZION has been the subject of several research analyst reports. Baird R W upgraded Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Piper Sandler dropped their price target on Zions Bancorporation, N.A. from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday, October 16th. UBS Group reduced their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Bank of America raised shares of Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $59.00 to $62.00 in a research report on Thursday, October 23rd. Finally, TD Cowen assumed coverage on shares of Zions Bancorporation, N.A. in a research report on Thursday, September 25th. They set a “hold” rating and a $64.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.29.

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.