First Trust Advisors LP Has $69.78 Million Holdings in Zions Bancorporation, N.A. $ZION

First Trust Advisors LP grew its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 48.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,233,337 shares of the bank’s stock after buying an additional 405,182 shares during the period. First Trust Advisors LP’s holdings in Zions Bancorporation, N.A. were worth $69,782,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. DAVENPORT & Co LLC lifted its holdings in shares of Zions Bancorporation, N.A. by 2.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock worth $424,000 after purchasing an additional 200 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Zions Bancorporation, N.A. by 7.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank’s stock valued at $152,000 after purchasing an additional 206 shares in the last quarter. GAMMA Investing LLC raised its holdings in Zions Bancorporation, N.A. by 2.2% during the third quarter. GAMMA Investing LLC now owns 10,567 shares of the bank’s stock worth $598,000 after buying an additional 232 shares during the last quarter. ProShare Advisors LLC raised its holdings in Zions Bancorporation, N.A. by 3.9% during the second quarter. ProShare Advisors LLC now owns 6,543 shares of the bank’s stock worth $340,000 after buying an additional 244 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Zions Bancorporation, N.A. by 1.2% in the third quarter. Crossmark Global Holdings Inc. now owns 21,548 shares of the bank’s stock valued at $1,219,000 after buying an additional 247 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.

Insider Transactions at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Derek Steward sold 769 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $60.46, for a total transaction of $46,493.74. Following the transaction, the executive vice president owned 14,307 shares of the company’s stock, valued at $865,001.22. This trade represents a 5.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer Anne Smith sold 2,089 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $62.48, for a total value of $130,520.72. Following the completion of the transaction, the executive vice president owned 22,733 shares in the company, valued at $1,420,357.84. The trade was a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 55,581 shares of company stock worth $3,498,774. Company insiders own 1.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZION. Citigroup lifted their price objective on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Evercore raised their price target on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. Barclays lifted their price target on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the company an “underweight” rating in a research note on Monday, January 5th. Morgan Stanley raised Zions Bancorporation, N.A. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $70.00 to $75.00 in a report on Monday, March 2nd. Finally, Royal Bank Of Canada increased their price objective on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $63.58.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION stock opened at $55.42 on Wednesday. The firm has a 50-day moving average of $60.12 and a 200-day moving average of $57.02. The company has a market cap of $8.20 billion, a P/E ratio of 9.24 and a beta of 0.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.86 and a quick ratio of 0.85. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $66.18.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio is presently 30.00%.

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.