Vanguard Group Inc. reduced its stake in Zions Bancorporation, N.A. by 1.6%, selling 311,388 shares in the first quarter, leaving them with approximately $933.7 million worth of stock. The firm owned 18,725,935 shares of the bank's stock after the sale, representing about 12.69% of Zions Bancorporation, N.A. worth $933,675,000 at the end of the reporting period.\n\nZions Bancorporation recently increased its quarterly dividend from $0.43 to $0.45, resulting in an annual yield of 3.5% for shareholders. The company reported $1.58 earnings per share for the last quarter, exceeding analysts' expectations, with revenue of $838 million against a forecast of $810 million. The company also reported a return on equity of 13.76% and a net margin of 16.98%. During the same quarter last year, the company earned $1.28 earnings per share.\n\nResearch analysts have provided various ratings and price targets for Zions Bancorporation, N.A.: Jefferies Financial Group raised its rating from 'underperform' to 'hold' and increased its target price from $45.00 to $60.00; Stephens lowered its target from $54.00 to $52.00 and set an 'equal weight' rating; Truist Financial raised its target from $57.00 to $59.00 and maintained a 'hold' rating; Robert W. Baird raised its target from $60.00 to $65.00 and gave a 'neutral' rating; and Morgan Stanley raised its target from $60.00 to $66.00 and assigned an 'equal weight' rating. One analyst has issued a sell rating, fifteen have given a hold rating, and four have assigned a buy rating. The average rating is 'Hold' with an average price target of $60.78.\n\nThe stock has a market cap of $7.64 billion, a P/E ratio of 9.47, a PEG ratio of 1.37, and a beta of 0.93. It has a debt-to-equity ratio of 0.15, a current ratio of 0.80, and a quick ratio of 0.80. The stock opened at $51.78 on Tuesday, with a 1-year low of $39.32 and a 1-year high of $63.22. The 50-day moving average is $52.42 and the 200-day moving average is $50.46.\n\nZions Bancorporation declared a quarterly dividend of $0.45, payable on Thursday, August 21st, to shareholders of record on Thursday, August 14th. This results in an annualized dividend of $1.80 and a yield of 3.5%. The dividend payout ratio is 31.44%. Analysts predict the company will post 5.39 earnings per share for the current fiscal year.\n\nOther institutional investors also made changes to their positions in Zions Bancorporation, N.A.: Wells Fargo & Company MN boosted its stake by 73.2%, now owning 116,191 shares worth $6.3 million; Invesco Ltd. increased its holdings by 9.8%, now owning 949,575 shares worth $51.5 million; Advisory Services Network LLC grew its holdings by 15.0%, now owning 17,146 shares worth $930,000; Raymond James Financial Inc. purchased a new position valued at $7.739 million; and the Treasurer of the State of North Carolina increased its holdings by 0.6%, now owning 63,586 shares worth $3.45 million.\n\n76.84% of the stock is currently owned by institutional investors.

Vanguard Group Inc. Sells 311,388 Shares of Zions Bancorporation, N.A. (NASDAQ:ZION)

Vanguard Group Inc. reduced its stake in Zions Bancorporation, N.A. by 1.6% in the first quarter, selling 311,388 shares and now holding approximately $933.7 million worth of stock, representing 12.69% of the company. Zions Bancorporation reported strong financial results, including $1.58 earnings per share and $838 million in revenue, exceeding expectations. The company increased its quarterly dividend to $0.45, resulting in an annual yield of 3.5%. Analysts have adjusted price targets and ratings, with an average rating of 'Hold' and an average price target of $60.78. The stock has a market cap of $7.64 billion, a P/E ratio of 9.47, and a debt-to-equity ratio of 0.15. Other institutional investors also adjusted their positions, with Wells Fargo & Company MN, Invesco Ltd., Advisory Services Network LLC, Raymond James Financial Inc., and the Treasurer of the State of North Carolina increasing or establishing new holdings.