Zions Bancorporation, National Association (NASDAQ:ZION) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,201 shares of the bank's stock after purchasing an additional 71,795 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.34% of Zions Bancorporation, National Association worth $27,244,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ZION. EverSource Wealth Advisors LLC increased its stake in shares of Zions Bancorporation, National Association by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after purchasing an additional 183 shares in the last quarter. Covestor Ltd increased its stake in shares of Zions Bancorporation, National Association by 128.1% during the 4th quarter. Covestor Ltd now owns 853 shares of the bank's stock worth $46,000 after purchasing an additional 479 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Zions Bancorporation, National Association by 120.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock worth $49,000 after purchasing an additional 493 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Zions Bancorporation, National Association during the 4th quarter worth approximately $62,000. Finally, Natixis purchased a new position in shares of Zions Bancorporation, National Association during the 4th quarter worth approximately $102,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZION has been the topic of a number of analyst reports. Royal Bank of Canada decreased their target price on shares of Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley decreased 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 report on Thursday, March 13th. Jefferies Financial Group initiated coverage on shares of Zions Bancorporation, National Association in a research report on Wednesday, May 21st. They set an "underperform" rating and a $40.00 target price on the stock. Stephens decreased their target price on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Truist Financial began coverage on shares of Zions Bancorporation, National Association in a report on Tuesday, May 13th. They issued a "hold" rating and a $52.00 price target on the stock. 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $57.94.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock traded down $0.21 during midday trading on Friday, reaching $47.52. 1,410,872 shares of the stock traded hands, compared to its average volume of 1,582,140. 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 fifty day moving average price of $46.15 and a two-hundred day moving average price of $52.26. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.61 and a beta of 0.88. Zions Bancorporation, National Association has a fifty-two week low of $39.32 and a fifty-two week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted 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 firm had revenue of $795.00 million during 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 period in the previous year, the business posted $0.96 EPS. On average, equities research analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio is currently 33.59%.

Zions Bancorporation, National Association announced that its Board of Directors has authorized a share repurchase program on Monday, February 24th that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the bank to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

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.