Mizuho Securities Co. Ltd. reduced its position in Zions Bancorporation NA (NASDAQ:ZION) by 46.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 800 shares of the bank’s stock after selling 700 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in Zions Bancorporation NA were worth $37,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Zions Bancorporation NA by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,828,645 shares of the bank’s stock worth $115,238,000 after purchasing an additional 41,191 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Zions Bancorporation NA by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,744,047 shares of the bank’s stock valued at $111,615,000 after buying an additional 76,349 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of Zions Bancorporation NA by 158.2% in the first quarter. DNB Asset Management AS now owns 46,988 shares of the bank’s stock valued at $2,134,000 after buying an additional 28,788 shares in the last quarter. Paragon Capital Management LLC increased its holdings in shares of Zions Bancorporation NA by 41.3% in the first quarter. Paragon Capital Management LLC now owns 113,237 shares of the bank’s stock valued at $5,142,000 after buying an additional 33,082 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Zions Bancorporation NA by 5.2% in the first quarter. Meeder Asset Management Inc. now owns 16,440 shares of the bank’s stock valued at $746,000 after buying an additional 818 shares in the last quarter. 95.25% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on ZION shares. Zacks Investment Research cut Zions Bancorporation NA from a “buy” rating to a “hold” rating and set a $46.00 price target on the stock. in a report on Thursday, June 27th. Keefe, Bruyette & Woods cut Zions Bancorporation NA from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $53.00 to $47.00 in a report on Tuesday, July 23rd. Barclays dropped their price target on Zions Bancorporation NA from $60.00 to $56.00 and set an “overweight” rating on the stock in a report on Tuesday, July 23rd. SunTrust Banks dropped their price target on Zions Bancorporation NA to $52.00 and set a “reduce” rating on the stock in a report on Tuesday, July 23rd. They noted that the move was a valuation call. Finally, BMO Capital Markets dropped their price target on Zions Bancorporation NA to $47.00 and set a “market perform” rating on the stock in a report on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Zions Bancorporation NA has an average rating of “Hold” and an average target price of $52.56.
Shares of Zions Bancorporation NA stock traded up $0.44 on Tuesday, hitting $41.47. 117,288 shares of the company traded hands, compared to its average volume of 2,959,986. The stock’s 50-day moving average is $44.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 0.83. Zions Bancorporation NA has a 12-month low of $38.08 and a 12-month high of $54.76. The company has a market cap of $7.41 billion, a P/E ratio of 10.18, a PEG ratio of 1.23 and a beta of 1.49.
Zions Bancorporation NA (NASDAQ:ZION) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $0.99 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.10). Zions Bancorporation NA had a net margin of 26.99% and a return on equity of 12.26%. The company had revenue of $701.00 million for the quarter, compared to analysts’ expectations of $723.21 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Equities analysts expect that Zions Bancorporation NA will post 4.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.34 per share. This is a boost from Zions Bancorporation NA’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Wednesday, August 14th. Zions Bancorporation NA’s payout ratio is currently 29.41%.
Zions Bancorporation NA Company Profile
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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