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

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) 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 0.06% of Zions Bancorporation, National Association as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC acquired a new stake in Zions Bancorporation, National Association in the fourth quarter valued at $389,000. Strategic Financial Concepts LLC purchased a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at $2,538,000. Polymer Capital Management US LLC purchased a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at $229,000. Proficio Capital Partners LLC purchased a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at $4,237,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at $651,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Analyst Upgrades and Downgrades

ZION has been the subject of a number of research analyst reports. Wall Street Zen cut Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Royal Bank of Canada dropped their price target on Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on Zions Bancorporation, National Association in a research report on Wednesday, May 21st. They set an "underperform" rating and a $40.00 price objective for the company. Wells Fargo & Company dropped their price objective on Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Argus upgraded Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research report on Monday, April 28th. Three 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 company has a consensus rating of "Hold" and an average target price of $57.94.

Zions Bancorporation, National Association Trading Up 0.2%

ZION traded up $0.10 during midday trading on Thursday, hitting $47.68. The company's stock had a trading volume of 827,668 shares, compared to its average volume of 1,578,397. 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 cap of $7.04 billion, a P/E ratio of 9.63, a PEG ratio of 1.61 and a beta of 0.88. The firm has a 50-day moving average price of $45.95 and a two-hundred day moving average price of $51.98. Zions Bancorporation, National Association has a 52-week low of $39.32 and a 52-week high of $63.22.

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

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio is currently 33.59%.

Zions Bancorporation, National Association declared that its board has authorized a stock repurchase plan on Monday, February 24th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the bank to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Zions Bancorporation, National Association 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.