Zions Bancorporation, N.A. (NASDAQ:ZION) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION) by 49.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,698 shares of the bank’s stock after purchasing an additional 5,207 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Zions Bancorporation, N.A. were worth $829,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of Zions Bancorporation, N.A. by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,807,221 shares of the bank’s stock worth $369,295,000 after buying an additional 175,656 shares during the last quarter. First Trust Advisors LP grew its position in shares of Zions Bancorporation, N.A. by 20.8% during the 4th quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank’s stock valued at $123,016,000 after buying an additional 390,601 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in Zions Bancorporation, N.A. by 249.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,624,521 shares of the bank’s stock worth $88,130,000 after acquiring an additional 1,159,888 shares during the last quarter. Northern Trust Corp lifted its holdings in Zions Bancorporation, N.A. by 23.9% in the fourth quarter. Northern Trust Corp now owns 1,473,712 shares of the bank’s stock worth $79,949,000 after acquiring an additional 284,624 shares during the last quarter. Finally, Norges Bank acquired a new position in Zions Bancorporation, N.A. in the fourth quarter valued at approximately $73,542,000. Institutional investors own 76.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price target on Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Argus raised Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Monday, April 28th. Wall Street Zen upgraded Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Morgan Stanley upped their price target on shares of Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 22nd. Finally, Citigroup lifted their price objective on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Zions Bancorporation, N.A. presently has an average rating of “Hold” and a consensus target price of $60.78.

Zions Bancorporation, N.A. Trading Down 1.1%

Shares of NASDAQ:ZION opened at $54.77 on Wednesday. The company has a 50 day moving average of $51.46 and a 200-day moving average of $50.84. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The firm has a market cap of $8.08 billion, a P/E ratio of 10.01, a P/E/G ratio of 1.57 and a beta of 0.90. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its earnings results on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.27. The firm had revenue of $838.00 million during the quarter, compared to the consensus estimate of $810.24 million. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%. During the same period in the prior year, the firm posted $1.28 earnings per share. As a group, analysts anticipate that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 annualized dividend and a dividend yield of 3.14%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 31.44%.

Zions Bancorporation, N.A. 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.