Dimensional Fund Advisors LP Purchases 56,438 Shares of Zions Bancorporation, N.A. $ZION

Dimensional Fund Advisors LP boosted its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 0.8% in the first quarter, Holdings Channel reports. The firm owned 7,477,126 shares of the bank’s stock after purchasing an additional 56,438 shares during the period. Dimensional Fund Advisors LP owned 0.05% of Zions Bancorporation, N.A. worth $430,813,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Torren Management LLC acquired a new stake in Zions Bancorporation, N.A. in the fourth quarter worth $32,000. Leonteq Securities AG acquired a new position in shares of Zions Bancorporation, N.A. in the 4th quarter valued at $32,000. Atlas Capital Advisors Inc. acquired a new position in shares of Zions Bancorporation, N.A. in the 4th quarter valued at $36,000. V Square Quantitative Management LLC bought a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter valued at $42,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter valued at $49,000. Institutional investors own 76.84% of the company’s stock.

Insider Transactions at Zions Bancorporation, N.A.

In related news, EVP Jennifer Anne Smith sold 4,209 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $62.50, for a total transaction of $263,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.43% of the company’s stock.

Analyst Ratings Changes

ZION has been the topic of several research analyst reports. Weiss Ratings raised Zions Bancorporation, N.A. from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Piper Sandler decreased their target price on Zions Bancorporation, N.A. from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Citigroup increased their price target on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. DA Davidson raised their price target on Zions Bancorporation, N.A. from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company lifted their price objective on Zions Bancorporation, N.A. from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $69.12.

Zions Bancorporation, N.A. Stock Down 0.5%

Zions Bancorporation, N.A. stock opened at $71.89 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. Zions Bancorporation, N.A. has a 1-year low of $46.19 and a 1-year high of $73.34. The company has a fifty day simple moving average of $65.96 and a 200 day simple moving average of $61.92. The company has a market cap of $10.57 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings results on Monday, July 20th. The bank reported $1.74 EPS for the quarter, topping the consensus estimate of $1.57 by $0.17. Zions Bancorporation, N.A. had a net margin of 19.53% and a return on equity of 13.90%. The firm had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $877.44 million. During the same period in the previous year, the firm posted $1.63 EPS. Research analysts anticipate that Zions Bancorporation, N.A. will post 6.49 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. announced that its Board of Directors has initiated a share repurchase program on Saturday, May 2nd that authorizes the company to buyback $225.00 million in outstanding shares. This buyback authorization authorizes the bank to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, May 14th. Zions Bancorporation, N.A.’s dividend payout ratio is presently 27.99%.

Zions Bancorporation, N.A. 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.