Vise Technologies Inc. Makes New $311,000 Investment in Zions Bancorporation, National Association (NASDAQ:ZION)

Vise Technologies Inc. purchased a new position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,724 shares of the bank's stock, valued at approximately $311,000.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Zions Bancorporation, National Association by 51.1% in 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 grew its stake in Zions Bancorporation, National Association by 128.1% during the 4th quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after acquiring an additional 479 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in Zions Bancorporation, National Association by 120.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock valued at $49,000 after acquiring an additional 493 shares in the last quarter. Millstone Evans Group LLC purchased a new position in Zions Bancorporation, National Association during the 4th quarter valued at about $62,000. Finally, Natixis purchased a new position in Zions Bancorporation, National Association during the 4th quarter valued at about $102,000. Hedge funds and other institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Price Performance

Shares of ZION stock traded down $0.21 during trading hours on Friday, hitting $47.52. 1,410,872 shares of the company's stock were exchanged, compared to its average volume of 1,582,140. The stock's 50-day moving average is $46.15 and its 200-day moving average is $52.21. 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 stock has a market cap of $7.01 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. 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 posted its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $795.00 million for the quarter, compared to analysts' expectations of $792.49 million. During the same quarter last year, the business earned $0.96 earnings per share. As a group, research analysts forecast that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association announced that its board has initiated a share buyback plan on Monday, February 24th that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the bank to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, National Association's dividend payout ratio is currently 33.59%.

Analysts Set New Price Targets

Several equities analysts have weighed in on ZION shares. Keefe, Bruyette & Woods lowered their target price on Zions Bancorporation, National Association from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial initiated coverage on Zions Bancorporation, National Association in a research note on Tuesday, May 13th. They issued a "hold" rating and a $52.00 price target for the company. Robert W. Baird lowered their price target on Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley reduced their target price on Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Jefferies Financial Group assumed coverage on Zions Bancorporation, National Association in a report on Wednesday, May 21st. They issued an "underperform" rating and a $40.00 target price for the company. Three equities 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 data from MarketBeat.com, the company presently has a consensus 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.