Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its stake in Zions Bancorporation, National Association (NASDAQ:ZION) by 343.3% in the fourth quarter, Holdings Channel reports. The firm owned 275,575 shares of the bank’s stock after purchasing an additional 213,405 shares during the period. Deutsche Bank AG’s holdings in Zions Bancorporation, National Association were worth $14,950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ZION. EverSource Wealth Advisors LLC raised its position in Zions Bancorporation, National Association by 51.1% during the 4th 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 raised its position in Zions Bancorporation, National Association by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank’s stock worth $245,000 after buying an additional 224 shares during the last quarter. Contravisory Investment Management Inc. raised its position in Zions Bancorporation, National Association by 1.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank’s stock worth $937,000 after buying an additional 249 shares during the last quarter. Jackson Creek Investment Advisors LLC raised its position in Zions Bancorporation, National Association by 3.3% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank’s stock worth $490,000 after buying an additional 285 shares during the last quarter. Finally, Blair William & Co. IL raised its position in Zions Bancorporation, National Association by 4.7% during the 4th quarter. Blair William & Co. IL now owns 6,713 shares of the bank’s stock worth $364,000 after buying an additional 303 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Jennifer Anne Smith sold 22,673 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the completion of the sale, the executive vice president now owns 29,313 shares of the company’s stock, valued at $1,655,305.11. This represents a 43.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.22% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on ZION shares. Argus raised shares of Zions Bancorporation, National Association from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Monday, April 28th. Morgan Stanley reduced 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 report on Thursday, March 13th. Barclays raised their price target on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 22nd. Truist Financial began coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday. They set a “hold” rating and a $52.00 price target for the company. Finally, Stephens cut their target price on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $58.47.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $49.06 on Friday. The firm has a market cap of $7.24 billion, a PE ratio of 9.91, a PEG ratio of 1.61 and a beta of 0.88. The firm has a fifty day moving average of $46.44 and a 200 day moving average of $52.89. 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 has a one year low of $39.32 and a one year high of $63.22.

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

Zions Bancorporation, National Association announced that its board has initiated a share buyback program on Monday, February 24th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the bank to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, May 15th. Zions Bancorporation, National Association’s payout ratio is presently 33.59%.

Zions Bancorporation, National Association 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.