Zions Bancorporation, National Association (NASDAQ:ZION) Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 11.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,035 shares of the bank’s stock after buying an additional 9,393 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Zions Bancorporation, National Association were worth $4,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in shares of Zions Bancorporation, National Association during the 1st quarter worth about $27,000. ORG Wealth Partners LLC bought a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth about $28,000. ORG Partners LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth about $33,000. International Assets Investment Management LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth about $34,000. Finally, Rothschild Investment LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth about $39,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Stock Performance

ZION stock opened at $52.13 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.82 and a beta of 1.09. Zions Bancorporation, National Association has a 12 month low of $29.32 and a 12 month high of $53.32. The firm has a 50 day moving average of $48.29 and a two-hundred day moving average of $45.69.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same period in the previous year, the firm posted $1.13 earnings per share. As a group, equities analysts anticipate that Zions Bancorporation, National Association will post 4.75 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 37.36%.

Analyst Ratings Changes

A number of research firms recently commented on ZION. Royal Bank of Canada boosted their target price on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on shares of Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Truist Financial boosted their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $52.82.

Zions Bancorporation, National Association Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.