First Trust Advisors LP Has $43.01 Million Stock Holdings in Zions Bancorporation, N.A. $ZION

First Trust Advisors LP lifted its position in Zions Bancorporation, N.A. (NASDAQ:ZION) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 828,155 shares of the bank’s stock after purchasing an additional 76,100 shares during the quarter. First Trust Advisors LP’s holdings in Zions Bancorporation, N.A. were worth $43,014,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ZION. Vanguard Group Inc. boosted its position in Zions Bancorporation, N.A. by 3.1% in the second quarter. Vanguard Group Inc. now owns 19,308,327 shares of the bank’s stock valued at $1,002,875,000 after buying an additional 582,392 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Zions Bancorporation, N.A. by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank’s stock valued at $351,027,000 after acquiring an additional 233,252 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Zions Bancorporation, N.A. by 4.5% in the 2nd quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock worth $205,689,000 after acquiring an additional 169,085 shares in the last quarter. AQR Capital Management LLC grew its position in Zions Bancorporation, N.A. by 326.4% during the 1st quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank’s stock worth $139,927,000 after acquiring an additional 2,194,514 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in Zions Bancorporation, N.A. by 9.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,834,949 shares of the bank’s stock worth $147,247,000 after acquiring an additional 240,329 shares during the last quarter. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. Stock Up 0.3%

Shares of NASDAQ ZION opened at $55.63 on Tuesday. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $59.89. The firm’s 50-day moving average is $53.00 and its 200-day moving average is $53.37. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $8.21 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 0.91 and a beta of 0.88.

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

Zions Bancorporation, N.A. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a $0.45 dividend. 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 is 32.26%.

Insider Activity

In related news, EVP Jennifer Anne Smith sold 2,458 shares of Zions Bancorporation, N.A. stock in a transaction on 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 sale, the executive vice president directly owned 27,133 shares of the company’s stock, valued at $1,441,033.63. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ZION has been the subject of several research analyst reports. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $60.00 in a research report on Wednesday, November 19th. Robert W. Baird raised Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Friday, October 17th. TD Cowen started coverage on shares of Zions Bancorporation, N.A. in a report on Thursday, September 25th. They set a “hold” rating and a $64.00 price objective on the stock. Morgan Stanley boosted their target price on shares of Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Finally, Baird R W upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Zions Bancorporation, N.A. currently has an average rating of “Hold” and a consensus price target of $61.29.

About Zions Bancorporation, N.A.

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.