Soltis Investment Advisors LLC Purchases 13,404 Shares of Zions Bancorporation, N.A. $ZION

Soltis Investment Advisors LLC raised its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION) by 77.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,775 shares of the bank’s stock after purchasing an additional 13,404 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Zions Bancorporation, N.A. were worth $1,598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Picton Mahoney Asset Management bought a new position in shares of Zions Bancorporation, N.A. in the first quarter valued at about $25,000. Assetmark Inc. raised its stake in shares of Zions Bancorporation, N.A. by 75.3% in the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after acquiring an additional 289 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Zions Bancorporation, N.A. during the first quarter worth approximately $40,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Zions Bancorporation, N.A. during the first quarter valued at approximately $52,000. Finally, Bridge Generations Wealth Management LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the first quarter valued at approximately $65,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Activity

In related news, EVP Jennifer Anne Smith sold 2,458 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $53.11, for a total value of $130,544.38. Following the sale, the executive vice president owned 27,133 shares of the company’s stock, valued at approximately $1,441,033.63. This trade represents a 8.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ZION. Cantor Fitzgerald initiated coverage on Zions Bancorporation, N.A. in a research report on Wednesday, September 10th. They issued an “overweight” rating and a $64.00 price objective on the stock. Weiss Ratings lowered Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Zions Bancorporation, N.A. from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. TD Cowen assumed coverage on shares of Zions Bancorporation, N.A. in a research note on Thursday, September 25th. They set a “hold” rating and a $64.00 price target for the company. Finally, Royal Bank Of Canada lifted their target price on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.29.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION stock opened at $51.25 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22. The company’s 50 day moving average price is $55.16 and its two-hundred day moving average price is $52.35. The company has a market capitalization of $7.57 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.85 and a beta of 0.96.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings data on Monday, June 12th. The bank reported $1.32 earnings per share (EPS) for the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.84%. The company had revenue of $705.00 million during the quarter. On average, analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, November 13th. Zions Bancorporation, N.A.’s dividend payout ratio is currently 32.26%.

Zions Bancorporation, N.A. Company 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.