Zions Bancorporation, N.A. $ZION Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 76.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,368 shares of the bank’s stock after buying an additional 9,241 shares during the period. Vise Technologies Inc.’s holdings in Zions Bancorporation, N.A. were worth $1,339,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZION. BlackRock Inc. bought a new stake in shares of Zions Bancorporation, N.A. in the 2nd quarter valued at $982,244,000. Dimensional Fund Advisors LP boosted its stake in Zions Bancorporation, N.A. by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 7,477,126 shares of the bank’s stock worth $430,813,000 after acquiring an additional 56,438 shares in the last quarter. First Trust Advisors LP boosted its stake in Zions Bancorporation, N.A. by 28.5% during the first quarter. First Trust Advisors LP now owns 1,917,826 shares of the bank’s stock worth $110,505,000 after acquiring an additional 425,325 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Zions Bancorporation, N.A. in the second quarter worth $87,961,000. Finally, Deutsche Bank AG acquired a new stake in Zions Bancorporation, N.A. in the second quarter worth $71,767,000. 76.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Cantor Fitzgerald decreased their price target on shares of Zions Bancorporation, N.A. from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. Morgan Stanley cut their price objective on shares of Zions Bancorporation, N.A. from $78.00 to $77.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 20th. Evercore downgraded Zions Bancorporation, N.A. from an “outperform” rating to an “in-line” rating and set a $68.00 target price for the company. in a research note on Thursday, July 23rd. TD Cowen reaffirmed a “hold” rating and issued a $69.00 target price on shares of Zions Bancorporation, N.A. in a research report on Tuesday, October 20th. Finally, DA Davidson upped their price target on Zions Bancorporation, N.A. from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $73.44.

Zions Bancorporation, N.A. Price Performance

Shares of ZION opened at $64.76 on Friday. The business’s fifty day moving average is $65.13 and its 200 day moving average is $63.96. Zions Bancorporation, N.A. has a 12-month low of $48.50 and a 12-month high of $73.34. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.32. The stock has a market cap of $9.45 billion, a P/E ratio of 7.95, a P/E/G ratio of 1.07 and a beta of 0.85.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings results on Monday, October 19th. The bank reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.14. Zions Bancorporation, N.A. had a net margin of 24.81% and a return on equity of 13.77%. The business had revenue of $887.00 million during the quarter, compared to analyst estimates of $889.52 million. During the same quarter in the previous year, the business posted $1.48 EPS. Sell-side analysts anticipate that Zions Bancorporation, N.A. will post 6.70 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. announced that its board has authorized a share buyback program on Thursday, July 30th that allows the company to buy back $75 million in outstanding shares. This repurchase authorization allows the bank to purchase up to 0.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 annualized dividend and a dividend yield of 3.0%. Zions Bancorporation, N.A.’s payout ratio is presently 23.56%.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a national bank providing commercial and retail banking services to individuals, businesses, and institutions. Its offerings include business and consumer lending, deposit accounts, treasury management, and related banking services.

The bank serves customers across 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through regional banking brands, including Zions Bank, Amegy Bank, California Bank & Trust, and National Bank of Arizona.

The institution traces its history to 1873, when Zion’s Savings Bank and Trust Company was established in Salt Lake City.