Universal Beteiligungs und Servicegesellschaft mbH Makes New $4.60 Million Investment in Zions Bancorporation, National Association (NASDAQ:ZION)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 84,854 shares of the bank's stock, valued at approximately $4,603,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Zions Bancorporation, National Association at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ZION. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 purchasing an additional 183 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of 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 acquiring an additional 224 shares during the period. Jackson Creek Investment Advisors LLC boosted its position in shares of 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 worth $490,000 after acquiring an additional 285 shares during the last quarter. Blair William & Co. IL grew its holdings 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 during the period. Finally, Arizona State Retirement System raised its stake in Zions Bancorporation, National Association by 0.8% during the fourth quarter. Arizona State Retirement System now owns 42,839 shares of the bank's stock worth $2,324,000 after purchasing an additional 322 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Up 2.8%

ZION traded up $1.30 during trading on Tuesday, hitting $48.25. The company had a trading volume of 1,583,887 shares, compared to its average volume of 1,581,230. Zions Bancorporation, National Association has a 1-year low of $39.32 and a 1-year high of $63.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $7.12 billion, a PE ratio of 9.75, a P/E/G ratio of 1.61 and a beta of 0.88. The business has a 50-day moving average of $46.07 and a 200-day moving average of $52.12.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $795.00 million for 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 prior year, the business posted $0.96 EPS. As a group, analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 33.59%.

Zions Bancorporation, National Association announced that its board has initiated a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

ZION has been the topic of several research reports. Wells Fargo & Company cut their target price on Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group started coverage on Zions Bancorporation, National Association in a report on Wednesday, May 21st. They set an "underperform" rating and a $40.00 target price for the company. Morgan Stanley dropped their price objective 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. Wall Street Zen lowered shares of Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Truist Financial began 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 on the stock. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of "Hold" and a consensus target price of $57.94.

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.