4,360 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC bought a new position in Zions Bancorporation, National Association (NASDAQ:ZION) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,360 shares of the bank’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC boosted its stake in shares of Zions Bancorporation, National Association by 0.9% during the 3rd quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock worth $1,191,000 after buying an additional 217 shares during the last quarter. Strategic Advocates LLC boosted its stake in shares of Zions Bancorporation, National Association by 6.1% during the 2nd quarter. Strategic Advocates LLC now owns 5,149 shares of the bank’s stock worth $223,000 after buying an additional 296 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Zions Bancorporation, National Association by 26.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after buying an additional 296 shares during the last quarter. Centaurus Financial Inc. boosted its stake in shares of Zions Bancorporation, National Association by 8.3% during the 2nd quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock worth $170,000 after buying an additional 299 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Zions Bancorporation, National Association by 1.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,063 shares of the bank’s stock worth $1,174,000 after buying an additional 327 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Performance

ZION opened at $51.34 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.84 and a current ratio of 0.78. Zions Bancorporation, National Association has a 52-week low of $28.98 and a 52-week high of $53.32. The firm has a market cap of $7.58 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The business’s fifty day moving average is $48.07 and its 200-day moving average is $45.53.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $781.63 million. During the same quarter last year, the business earned $1.13 earnings per share. Sell-side analysts expect that Zions Bancorporation, National Association will post 4.6 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is currently 41.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Robert W. Baird increased their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley upped their target price on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. Keefe, Bruyette & Woods upped their target price on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their target price on shares of Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an “underweight” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.82.

Zions Bancorporation, National Association Company Profile

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.