Brandywine Global Investment Management LLC lifted its holdings in Zions Bancorporation NA (NASDAQ:ZION) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 235,026 shares of the bank’s stock after buying an additional 7,735 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.12% of Zions Bancorporation NA worth $9,575,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Zions Bancorporation NA by 0.9% in the 4th quarter. BlackRock Inc. now owns 13,086,266 shares of the bank’s stock worth $533,134,000 after buying an additional 115,951 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in Zions Bancorporation NA by 6.4% in the third quarter. TIAA CREF Investment Management LLC now owns 3,739,554 shares of the bank’s stock valued at $187,539,000 after purchasing an additional 224,892 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Zions Bancorporation NA by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,828,645 shares of the bank’s stock valued at $115,238,000 after purchasing an additional 41,191 shares during the last quarter. LSV Asset Management lifted its stake in Zions Bancorporation NA by 10.2% in the fourth quarter. LSV Asset Management now owns 2,757,839 shares of the bank’s stock valued at $112,354,000 after purchasing an additional 255,066 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Zions Bancorporation NA by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,744,047 shares of the bank’s stock valued at $111,615,000 after purchasing an additional 76,349 shares during the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.
Several equities analysts recently commented on the company. Wedbush upped their price objective on Zions Bancorporation NA from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, January 23rd. ValuEngine upgraded Zions Bancorporation NA from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Argus assumed coverage on Zions Bancorporation NA in a research note on Monday, December 17th. They issued a “buy” rating and a $51.00 price objective on the stock. BidaskClub downgraded Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Finally, Zacks Investment Research reiterated a “hold” rating and issued a $43.00 price objective on shares of Zions Bancorporation NA in a research note on Monday, December 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $56.18.
Shares of ZION stock opened at $48.97 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.91. Zions Bancorporation NA has a 1 year low of $38.08 and a 1 year high of $59.19. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.37 and a beta of 1.51.
Zions Bancorporation NA (NASDAQ:ZION) last issued its earnings results on Tuesday, January 22nd. The bank reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. Zions Bancorporation NA had a net margin of 29.14% and a return on equity of 12.57%. The business had revenue of $716.00 million for the quarter, compared to analysts’ expectations of $712.48 million. During the same quarter in the previous year, the firm posted $0.80 EPS. As a group, sell-side analysts expect that Zions Bancorporation NA will post 4.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 21st. Shareholders of record on Thursday, February 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.45%. Zions Bancorporation NA’s payout ratio is 29.41%.
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Zions Bancorporation NA Company Profile
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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