Deutsche Bank AG Has $3.47 Million Stock Holdings in Zions Bancorporation, N.A. $ZION

Key Points

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Deutsche Bank AG cut its position in shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) by 74.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,656 shares of the bank's stock after selling 205,919 shares during the quarter. Deutsche Bank AG's holdings in Zions Bancorporation, N.A. were worth $3,473,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ZION. Picton Mahoney Asset Management purchased a new stake in shares of Zions Bancorporation, N.A. in the first quarter worth approximately $25,000. Curat Global LLC purchased a new stake in shares of Zions Bancorporation, N.A. in the first quarter worth approximately $25,000. New Age Alpha Advisors LLC purchased a new stake in shares of Zions Bancorporation, N.A. in the first quarter worth approximately $40,000. Princeton Global Asset Management LLC purchased a new stake in shares of Zions Bancorporation, N.A. in the first quarter worth approximately $50,000. Finally, CX Institutional purchased a new stake in shares of Zions Bancorporation, N.A. in the first quarter worth approximately $53,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Stock Up 4.4%

ZION stock traded up $2.36 during trading hours on Friday, hitting $55.86. The company's stock had a trading volume of 1,594,505 shares, compared to its average volume of 1,402,345. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $8.25 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22. The stock has a 50 day moving average price of $53.34 and a two-hundred day moving average price of $50.27.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The bank reported $1.58 EPS for the quarter, beating the consensus estimate of $1.31 by $0.27. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%.The company had revenue of $838.00 million for the quarter, compared to the consensus estimate of $810.24 million. During the same quarter last year, the company posted $1.28 earnings per share. On average, equities research analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.2%. This is a boost from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, August 14th. Zions Bancorporation, N.A.'s dividend payout ratio is 32.91%.

Analysts Set New Price Targets

ZION has been the subject of a number of research analyst reports. Argus raised shares of Zions Bancorporation, N.A. 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. Wall Street Zen raised shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Robert W. Baird increased their price target on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Truist Financial increased their price target on shares of Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group upgraded Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and increased their price objective for the stock from $45.00 to $60.00 in a report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Zions Bancorporation, N.A. presently has an average rating of "Hold" and a consensus target price of $60.78.

About Zions Bancorporation, N.A.

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.