LSV Asset Management Has $227.61 Million Stock Position in Zions Bancorporation, N.A. $ZION

LSV Asset Management grew its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION) by 1.3% in the fourth quarter, HoldingsChannel reports. The fund owned 3,888,064 shares of the bank’s stock after acquiring an additional 48,346 shares during the period. LSV Asset Management’s holdings in Zions Bancorporation, N.A. were worth $227,607,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Torren Management LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter valued at approximately $32,000. Leonteq Securities AG acquired a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter valued at approximately $32,000. Community Bank N.A. acquired a new stake in shares of Zions Bancorporation, N.A. in the 3rd quarter valued at approximately $36,000. V Square Quantitative Management LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter valued at approximately $42,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Stock Up 0.5%

ZION stock opened at $62.12 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 2.04 and a beta of 0.83. The business’s fifty day moving average price is $59.58 and its two-hundred day moving average price is $58.39. Zions Bancorporation, N.A. has a fifty-two week low of $45.52 and a fifty-two week high of $66.18.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.13. The firm had revenue of $859.00 million for the quarter, compared to analysts’ expectations of $853.73 million. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.During the same quarter last year, the business earned $1.13 EPS. On average, equities analysts anticipate that Zions Bancorporation, N.A. will post 6.44 earnings per share for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.80 annualized dividend and a yield of 2.9%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is presently 27.99%.

Zions Bancorporation, N.A. declared that its board has authorized a stock repurchase program on Saturday, May 2nd that permits the company to buyback $225.00 million in outstanding shares. This buyback authorization permits the bank to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

ZION has been the subject of several recent analyst reports. Citigroup increased their price objective on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. DA Davidson increased their price objective on Zions Bancorporation, N.A. from $75.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Morgan Stanley cut their price objective on Zions Bancorporation, N.A. from $75.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Brean Capital initiated coverage on Zions Bancorporation, N.A. in a report on Thursday, March 12th. They issued a “neutral” rating for the company. Finally, Barclays increased their price objective on Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the company an “underweight” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, N.A. currently has a consensus rating of “Hold” and an average price target of $65.53.

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

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 4,209 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $62.50, for a total transaction of $263,062.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Harris H. Simmons acquired 4,500 shares of the stock in a transaction on Tuesday, February 24th. The shares were purchased at an average price of $59.03 per share, for a total transaction of $265,635.00. Following the transaction, the chief executive officer directly owned 1,317,493 shares in the company, valued at approximately $77,771,611.79. This trade represents a 0.34% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.43% of the stock is owned by company insiders.

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.