Zions Bancorporation, National Association (NASDAQ:ZION) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC increased its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,161 shares of the bank’s stock after buying an additional 310 shares during the period. Yousif Capital Management LLC’s holdings in Zions Bancorporation, National Association were worth $1,148,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ZION. Treasurer of the State of North Carolina lifted its stake in shares of Zions Bancorporation, National Association by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock worth $2,229,000 after acquiring an additional 330 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after buying an additional 331 shares during the last quarter. New Mexico Educational Retirement Board grew its position in shares of Zions Bancorporation, National Association by 5.5% during the third quarter. New Mexico Educational Retirement Board now owns 7,672 shares of the bank’s stock worth $268,000 after buying an additional 400 shares in the last quarter. Xponance Inc. grew its position in shares of Zions Bancorporation, National Association by 1.8% during the third quarter. Xponance Inc. now owns 25,164 shares of the bank’s stock worth $878,000 after buying an additional 454 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Zions Bancorporation, National Association by 2.0% in the fourth quarter. Fifth Third Bancorp now owns 23,523 shares of the bank’s stock worth $1,032,000 after buying an additional 462 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

ZION opened at $43.62 on Friday. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15. The stock has a market cap of $6.44 billion, a PE ratio of 10.96 and a beta of 1.13. The business’s 50 day moving average is $41.01 and its 200-day moving average is $39.53. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $747.21 million. During the same quarter last year, the firm posted $1.33 EPS. On average, analysts predict that Zions Bancorporation, National Association will post 4.38 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.41 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.64 annualized dividend and a yield of 3.76%. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ZION shares. JPMorgan Chase & Co. raised their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Robert W. Baird decreased their price target on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Morgan Stanley upped their price objective on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, February 7th. Evercore ISI lifted their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, UBS Group dropped their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $43.16.

Insiders Place Their Bets

In other news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the transaction, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the sale, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of Zions Bancorporation, National Association stock in a transaction on Friday, February 16th. The stock was sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the transaction, the executive vice president now owns 44,056 shares in the company, valued at $1,797,925.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,429 shares of company stock worth $629,298. 2.22% of the stock is owned by corporate insiders.

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.