Vaughan Nelson Investment Management L.P. Has $183.55 Million Holdings in Zions Bancorporation, N.A. $ZION

Vaughan Nelson Investment Management L.P. increased its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 14.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,244,014 shares of the bank’s stock after purchasing an additional 409,065 shares during the period. Zions Bancorporation, N.A. comprises about 1.7% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 13th largest position. Vaughan Nelson Investment Management L.P. owned about 2.20% of Zions Bancorporation, N.A. worth $183,546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZION. Byrne Asset Management LLC bought a new stake in Zions Bancorporation, N.A. in the 3rd quarter valued at $48,000. Gateway Investment Advisers LLC boosted its position in shares of Zions Bancorporation, N.A. by 156.5% during the 3rd quarter. Gateway Investment Advisers LLC now owns 85,848 shares of the bank’s stock valued at $4,857,000 after acquiring an additional 52,381 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in Zions Bancorporation, N.A. by 3,950.0% in the third quarter. SJS Investment Consulting Inc. now owns 810 shares of the bank’s stock valued at $46,000 after acquiring an additional 790 shares during the period. Salomon & Ludwin LLC acquired a new position in Zions Bancorporation, N.A. in the third quarter worth about $37,000. Finally, Merit Financial Group LLC lifted its stake in Zions Bancorporation, N.A. by 33.1% during the third quarter. Merit Financial Group LLC now owns 10,103 shares of the bank’s stock worth $572,000 after purchasing an additional 2,511 shares during the period. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. Trading Up 1.1%

Shares of ZION opened at $60.96 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.97 and a beta of 0.85. The stock has a fifty day moving average price of $55.27 and a two-hundred day moving average price of $55.04. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $61.20.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its earnings results on Monday, June 12th. The bank reported $1.32 EPS for the quarter. Zions Bancorporation, N.A. had a return on equity of 13.56% and a net margin of 17.22%.The company had revenue of $705.00 million for the quarter. Analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, November 13th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 32.26%.

Insider Buying and Selling at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 2,458 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $53.11, for a total value of $130,544.38. Following the completion of the transaction, the executive vice president directly owned 27,133 shares of the company’s stock, valued at approximately $1,441,033.63. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.77% of the company’s stock.

Analyst Ratings Changes

ZION has been the topic of several analyst reports. TD Cowen initiated coverage on Zions Bancorporation, N.A. in a research note on Thursday, September 25th. They issued a “hold” rating and a $64.00 price objective on the stock. Bank of America raised Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $59.00 to $62.00 in a research note on Thursday, October 23rd. JPMorgan Chase & Co. increased their price objective on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Zions Bancorporation, N.A. in a report on Monday, December 29th. Finally, Robert W. Baird raised shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Zions Bancorporation, N.A. presently has an average rating of “Hold” and an average target price of $61.21.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.