Paragon Capital Management Ltd Purchases Shares of 9,481 Zions Bancorporation, National Association (NASDAQ:ZION)

Paragon Capital Management Ltd acquired a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,481 shares of the bank’s stock, valued at approximately $255,000.

Several other hedge funds have also modified their holdings of ZION. BlackRock Inc. boosted its holdings in shares of Zions Bancorporation, National Association by 5.4% in the 1st quarter. BlackRock Inc. now owns 10,413,388 shares of the bank’s stock valued at $311,673,000 after purchasing an additional 533,520 shares during the last quarter. State Street Corp grew its position in Zions Bancorporation, National Association by 14.9% during the first quarter. State Street Corp now owns 8,262,892 shares of the bank’s stock valued at $247,308,000 after acquiring an additional 1,069,816 shares during the period. EP Wealth Advisors LLC acquired a new stake in Zions Bancorporation, National Association during the first quarter worth about $59,714,000. FMR LLC raised its holdings in shares of Zions Bancorporation, National Association by 433.6% in the 1st quarter. FMR LLC now owns 4,412,983 shares of the bank’s stock worth $132,081,000 after purchasing an additional 3,586,023 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Zions Bancorporation, National Association by 9.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,606,226 shares of the bank’s stock valued at $177,282,000 after purchasing an additional 323,345 shares in the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Down 0.4 %

Shares of ZION stock traded down $0.16 during trading hours on Friday, hitting $36.92. 5,451,238 shares of the company were exchanged, compared to its average volume of 2,491,089. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 6.50, a P/E/G ratio of 8.05 and a beta of 1.14. The business’s 50-day simple moving average is $35.48 and its two-hundred day simple moving average is $31.79. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, National Association has a one year low of $18.26 and a one year high of $58.88.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.03. Zions Bancorporation, National Association had a return on equity of 19.24% and a net margin of 21.43%. The firm had revenue of $1.17 million for the quarter, compared to analysts’ expectations of $750.34 million. During the same period last year, the business posted $1.29 earnings per share. The firm’s revenue for the quarter was down 99.9% on a year-over-year basis. Sell-side analysts predict that Zions Bancorporation, National Association will post 4.56 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 17th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Wednesday, August 16th. Zions Bancorporation, National Association’s dividend payout ratio is presently 28.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ZION. The Goldman Sachs Group increased their target price on shares of Zions Bancorporation, National Association from $30.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Wells Fargo & Company reduced their target price on shares of Zions Bancorporation, National Association from $38.00 to $32.00 in a report on Thursday, July 6th. JPMorgan Chase & Co. downgraded Zions Bancorporation, National Association from an “overweight” rating to a “neutral” rating and set a $39.00 price target for the company. in a report on Monday, July 24th. Barclays reduced their price objective on Zions Bancorporation, National Association from $37.00 to $35.00 in a research note on Tuesday, June 27th. Finally, Morgan Stanley increased their target price on Zions Bancorporation, National Association from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.74.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.