Dimensional Fund Advisors LP Raises Holdings in Zions Bancorporation, N.A. $ZION

Dimensional Fund Advisors LP raised its stake in Zions Bancorporation, N.A. (NASDAQ:ZION) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,343,076 shares of the bank’s stock after acquiring an additional 30,552 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Zions Bancorporation, N.A. were worth $415,474,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Zions Bancorporation, N.A. by 3.1% in the second quarter. Vanguard Group Inc. now owns 19,308,327 shares of the bank’s stock valued at $1,002,875,000 after purchasing an additional 582,392 shares during the last quarter. LSV Asset Management raised its holdings in shares of Zions Bancorporation, N.A. by 4.5% during the 2nd quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock valued at $205,689,000 after buying an additional 169,085 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Zions Bancorporation, N.A. by 14.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,244,014 shares of the bank’s stock valued at $183,546,000 after purchasing an additional 409,065 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Zions Bancorporation, N.A. by 6.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,041,063 shares of the bank’s stock worth $115,483,000 after buying an additional 122,815 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Zions Bancorporation, N.A. by 4.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,820,454 shares of the bank’s stock worth $94,554,000 after acquiring an additional 84,424 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price objective on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th. TD Cowen raised their price target on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “hold” rating in a research note on Wednesday, January 21st. Piper Sandler lifted their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Finally, Stephens upped their target price on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zions Bancorporation, N.A. presently has an average rating of “Hold” and a consensus target price of $63.58.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION opened at $58.22 on Thursday. The company has a market capitalization of $8.61 billion, a PE ratio of 9.70 and a beta of 0.83. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $66.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 0.86. The company’s 50 day moving average price is $60.37 and its 200 day moving average price is $56.94.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 12th were issued a $0.45 dividend. The ex-dividend date was Thursday, February 12th. This represents a $1.80 dividend on an annualized basis and a yield of 3.1%. Zions Bancorporation, N.A.’s dividend payout ratio is currently 30.00%.

Insider Buying and Selling at Zions Bancorporation, N.A.

In related news, EVP Jennifer Anne Smith sold 6,558 shares of Zions Bancorporation, N.A. stock in a transaction on Friday, February 6th. The shares were sold at an average price of $64.80, for a total value of $424,958.40. Following the completion of the sale, the executive vice president owned 18,761 shares of the company’s stock, valued at approximately $1,215,712.80. The trade was a 25.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric Ellingsen sold 1,519 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $61.27, for a total value of $93,069.13. Following the completion of the sale, the vice president directly owned 40,361 shares of the company’s stock, valued at $2,472,918.47. This represents a 3.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 55,581 shares of company stock worth $3,498,774 in the last ninety days. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, N.A. Company 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.