U.S. Capital Wealth Advisors LLC Has $2.19 Million Stake in Zions Bancorporation, N.A. $ZION

U.S. Capital Wealth Advisors LLC raised its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION) by 729.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,631 shares of the bank’s stock after buying an additional 33,973 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Zions Bancorporation, N.A. were worth $2,186,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB grew its stake in Zions Bancorporation, N.A. by 15.0% in the second quarter. Nordea Investment Management AB now owns 256,710 shares of the bank’s stock valued at $13,349,000 after purchasing an additional 33,449 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Zions Bancorporation, N.A. in the 2nd quarter valued at approximately $814,000. LSV Asset Management grew its stake in shares of Zions Bancorporation, N.A. by 4.5% in the second quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock valued at $205,689,000 after buying an additional 169,085 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Zions Bancorporation, N.A. by 7.7% during the first quarter. Russell Investments Group Ltd. now owns 68,516 shares of the bank’s stock worth $3,416,000 after buying an additional 4,876 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Zions Bancorporation, N.A. during the second quarter worth $452,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jennifer Anne Smith sold 2,458 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $53.11, for a total value of $130,544.38. Following the transaction, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, N.A. Stock Up 0.6%

ZION stock opened at $59.94 on Monday. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $60.41. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.99 and a beta of 0.88. The business’s fifty day moving average price is $53.53 and its two-hundred day moving average price is $54.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.81.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings data 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 firm had revenue of $705.00 million during the quarter. On average, equities analysts anticipate that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current 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 issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 annualized dividend and a yield of 3.0%. Zions Bancorporation, N.A.’s payout ratio is currently 32.26%.

Analyst Ratings Changes

Several research firms have recently weighed in on ZION. Piper Sandler lowered their price objective on shares of Zions Bancorporation, N.A. from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. Cantor Fitzgerald began coverage on Zions Bancorporation, N.A. in a research report on Wednesday, September 10th. They set an “overweight” rating and a $64.00 price target on the stock. UBS Group cut their price objective on Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Zacks Research lowered Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Baird R W upgraded Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.35.

About Zions Bancorporation, N.A.

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.