Deutsche Bank AG Purchases 213,405 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

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

Several other institutional investors and hedge funds also recently modified their holdings of ZION. EverSource Wealth Advisors LLC lifted its holdings in Zions Bancorporation, National Association by 51.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock valued at $29,000 after acquiring an additional 183 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Zions Bancorporation, National Association by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 4,511 shares of the bank's stock worth $245,000 after acquiring an additional 224 shares in the last quarter. Contravisory Investment Management Inc. boosted 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 acquiring an additional 249 shares during the period. Jackson Creek Investment Advisors LLC grew its stake 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 valued at $490,000 after acquiring an additional 285 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of Zions Bancorporation, National Association by 4.7% in the 4th 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 during the period. Institutional investors own 76.84% of the company's stock.

Analysts Set New Price Targets

ZION has been the subject of several analyst reports. Stephens reduced their price objective on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on Zions Bancorporation, National Association in a research note on Wednesday. They issued an "underperform" rating and a $40.00 price objective on the stock. 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. Truist Financial started coverage on Zions Bancorporation, National Association in a research report on Tuesday, May 13th. They issued a "hold" rating and a $52.00 price objective for the company. Finally, Morgan Stanley lowered their target price on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $57.94.

Zions Bancorporation, National Association Trading Down 1.3%

Shares of NASDAQ:ZION traded down $0.63 during midday trading on Wednesday, hitting $48.00. 146,623 shares of the stock traded hands, compared to its average volume of 1,572,886. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a one year low of $39.32 and a one year high of $63.22. The business's 50 day moving average is $46.54 and its two-hundred day moving average is $52.83. The stock has a market capitalization of $7.08 billion, a PE ratio of 9.69, a P/E/G ratio of 1.61 and a beta of 0.88.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 13.65% and a net margin of 15.70%. During the same quarter last year, the company earned $0.96 EPS. As a group, research analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association declared that its Board of Directors has authorized a share buyback program on Monday, February 24th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the bank to buy 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.58%. Zions Bancorporation, National Association's payout ratio is currently 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.