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

Deutsche Bank AG lifted its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 343.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 275,575 shares of the bank's stock after purchasing an additional 213,405 shares during the quarter. Deutsche Bank AG owned about 0.19% of Zions Bancorporation, National Association worth $14,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZION. Fisher Asset Management LLC purchased a new stake in shares of Zions Bancorporation, National Association during the fourth quarter valued at approximately $389,000. Strategic Financial Concepts LLC bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter worth approximately $2,538,000. Polymer Capital Management US LLC bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter worth $229,000. SG Americas Securities LLC boosted its stake in shares of Zions Bancorporation, National Association by 244.8% in the 4th quarter. SG Americas Securities LLC now owns 28,405 shares of the bank's stock worth $1,541,000 after buying an additional 20,167 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Zions Bancorporation, National Association in the fourth quarter worth approximately $4,237,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the transaction, the executive vice president now directly owns 29,313 shares in the company, valued at approximately $1,655,305.11. The trade was a 43.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Stock Performance

Shares of ZION traded down $0.14 during mid-day trading on Monday, hitting $49.08. 1,183,206 shares of the company's stock were exchanged, compared to its average volume of 1,580,777. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $7.24 billion, a P/E ratio of 9.92, a P/E/G ratio of 1.61 and a beta of 0.88. Zions Bancorporation, National Association has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. The business's 50 day moving average is $46.48 and its two-hundred day moving average is $52.88.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $795.00 million during the quarter, compared to analysts' expectations of $792.49 million. During the same period last year, the firm earned $0.96 EPS. On average, equities analysts expect that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

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

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be issued a $0.43 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a yield of 3.50%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 33.59%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Robert W. Baird reduced their price objective on Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Barclays boosted their target price on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an "underweight" rating in a report on Wednesday, January 22nd. Royal Bank of Canada cut their price target on shares of Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 22nd. DA Davidson boosted their price objective on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their target price 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. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of "Hold" and a consensus price target of $58.47.

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.