Charles Schwab Investment Management Inc. Purchases 173,631 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Charles Schwab Investment Management Inc. raised its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 5.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,619,531 shares of the bank’s stock after acquiring an additional 173,631 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.44% of Zions Bancorporation, National Association worth $97,221,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc increased its position in Zions Bancorporation, National Association by 628.2% in the second quarter. IFP Advisors Inc now owns 954 shares of the bank’s stock worth $53,000 after buying an additional 823 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Zions Bancorporation, National Association during the first quarter worth about $30,000. Spire Wealth Management purchased a new stake in shares of Zions Bancorporation, National Association during the first quarter worth about $31,000. Sentry Investment Management LLC purchased a new stake in shares of Zions Bancorporation, National Association during the second quarter worth about $29,000. Finally, Albion Financial Group UT grew its position in shares of Zions Bancorporation, National Association by 130.2% during the second quarter. Albion Financial Group UT now owns 1,105 shares of the bank’s stock worth $30,000 after purchasing an additional 625 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ZION. Morgan Stanley cut Zions Bancorporation, National Association from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $27.00 to $32.00 in a research report on Wednesday, September 27th. JPMorgan Chase & Co. dropped their price target on Zions Bancorporation, National Association from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. DA Davidson increased their price target on Zions Bancorporation, National Association from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, July 24th. Truist Financial increased their price target on Zions Bancorporation, National Association from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Monday. Finally, StockNews.com assumed coverage on Zions Bancorporation, National Association in a research note on Thursday, October 5th. They set a “sell” rating for the company. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.21.

Zions Bancorporation, National Association Trading Down 0.8 %

ZION opened at $35.78 on Tuesday. The stock’s fifty day moving average is $33.88 and its two-hundred day moving average is $32.31. The company has a market capitalization of $5.30 billion, a P/E ratio of 6.61, a PEG ratio of 7.59 and a beta of 1.15. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $55.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.00.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. The company had revenue of $776.00 million for the quarter, compared to the consensus estimate of $764.26 million. Zions Bancorporation, National Association had a return on equity of 17.72% and a net margin of 18.94%. Zions Bancorporation, National Association’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the business posted $1.40 EPS. Analysts forecast that Zions Bancorporation, National Association will post 4.66 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 9th were issued a $0.41 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.58%. Zions Bancorporation, National Association’s dividend payout ratio is presently 30.31%.

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.