Zions Bancorporation, National Association (NASDAQ:ZION) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. lessened its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 30.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,892 shares of the bank's stock after selling 6,871 shares during the quarter. Thompson Investment Management Inc.'s holdings in Zions Bancorporation, National Association were worth $792,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 183 shares during the period. CIBC Asset Management Inc raised its holdings in shares of 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 valued at $245,000 after buying an additional 224 shares during the period. Jackson Creek Investment Advisors LLC raised its holdings in shares of Zions Bancorporation, National Association by 3.3% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank's stock valued at $490,000 after buying an additional 285 shares during the period. Blair William & Co. IL raised 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 buying an additional 303 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Zions Bancorporation, National Association by 0.8% in the 4th quarter. Arizona State Retirement System now owns 42,839 shares of the bank's stock valued at $2,324,000 after buying an additional 322 shares during the period. Hedge funds and other institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION traded down $1.29 during trading hours on Friday, reaching $47.43. The stock had a trading volume of 1,093,084 shares, compared to its average volume of 1,570,220. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 1.61 and a beta of 0.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. The firm has a 50-day moving average of $46.42 and a 200-day moving average of $51.46.

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, topping analysts' consensus estimates 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 company 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. Equities research analysts predict 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 authorized a share repurchase program on Monday, February 24th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the bank to purchase up to 0.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a yield of 3.63%. Zions Bancorporation, National Association's payout ratio is 33.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ZION shares. Keefe, Bruyette & Woods cut their price target on Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Truist Financial started coverage on Zions Bancorporation, National Association in a report on Tuesday, May 13th. They set a "hold" rating and a $52.00 price target on the stock. Robert W. Baird cut their price target on Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada cut their price target on Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley cut their price target on Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $57.94.

About Zions Bancorporation, National Association

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.