84,854 Shares in Zions Bancorporation, National Association (NASDAQ:ZION) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 84,854 shares of the bank’s stock, valued at approximately $4,603,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Zions Bancorporation, National Association as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in Zions Bancorporation, National Association by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock worth $29,000 after buying an additional 183 shares during the last quarter. CIBC Asset Management Inc increased its stake in Zions Bancorporation, National Association by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank’s stock valued at $245,000 after purchasing an additional 224 shares in the last quarter. Jackson Creek Investment Advisors LLC increased its stake in Zions Bancorporation, National Association by 3.3% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank’s stock valued at $490,000 after purchasing an additional 285 shares in the last quarter. Blair William & Co. IL increased its stake in Zions Bancorporation, National Association by 4.7% in the fourth quarter. Blair William & Co. IL now owns 6,713 shares of the bank’s stock valued at $364,000 after purchasing an additional 303 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Zions Bancorporation, National Association by 0.8% in the fourth quarter. Arizona State Retirement System now owns 42,839 shares of the bank’s stock valued at $2,324,000 after purchasing an additional 322 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Zions Bancorporation, National Association from $58.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price target on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Keefe, Bruyette & Woods decreased their price target on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group assumed coverage on shares of Zions Bancorporation, National Association in a research note on Wednesday, May 21st. They issued an “underperform” rating and a $40.00 price target for the company. Finally, Truist Financial assumed coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, May 13th. They set a “hold” rating and a $52.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $57.94.

Zions Bancorporation, National Association Stock Down 0.4%

Zions Bancorporation, National Association stock opened at $47.52 on Monday. Zions Bancorporation, National Association has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. The stock has a market cap of $7.01 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. The firm’s 50-day simple moving average is $46.15 and its 200 day simple moving average is $52.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $792.49 million. During the same period in the previous year, the company earned $0.96 earnings per share. Research analysts predict that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, National Association declared that its board has authorized a stock repurchase program on Monday, February 24th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the bank to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 33.59%.

About Zions Bancorporation, National Association

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.