Yousif Capital Management LLC Acquires 310 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Yousif Capital Management LLC grew its holdings in Zions Bancorporation, National Association (NASDAQ:ZION) by 1.2% in the 4th quarter, Holdings Channel reports. The fund owned 26,161 shares of the bank’s stock after purchasing an additional 310 shares during the quarter. Yousif Capital Management LLC’s holdings in Zions Bancorporation, National Association were worth $1,148,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ZION. Commonwealth Equity Services LLC raised its holdings in Zions Bancorporation, National Association by 3.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 53,352 shares of the bank’s stock worth $1,861,000 after buying an additional 1,762 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Zions Bancorporation, National Association by 39.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 126,893 shares of the bank’s stock worth $4,427,000 after acquiring an additional 35,815 shares during the period. Xponance Inc. lifted its position in Zions Bancorporation, National Association by 1.8% in the 3rd quarter. Xponance Inc. now owns 25,164 shares of the bank’s stock valued at $878,000 after acquiring an additional 454 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Zions Bancorporation, National Association by 4.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 31,541 shares of the bank’s stock valued at $1,100,000 after acquiring an additional 1,437 shares in the last quarter. Finally, Bailard Inc. acquired a new position in Zions Bancorporation, National Association in the 3rd quarter worth $220,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Buying and Selling

In related news, CEO Harris H. Simmons acquired 3,600 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average cost of $38.99 per share, for a total transaction of $140,364.00. Following the completion of the transaction, the chief executive officer now directly owns 1,261,866 shares of the company’s stock, valued at approximately $49,200,155.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 832 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $39.24, for a total value of $32,647.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Harris H. Simmons bought 3,600 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average cost of $38.99 per share, with a total value of $140,364.00. Following the acquisition, the chief executive officer now directly owns 1,261,866 shares of the company’s stock, valued at approximately $49,200,155.34. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 15,429 shares of company stock valued at $629,298. Company insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

ZION opened at $43.62 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. Zions Bancorporation, National Association has a 12-month low of $18.26 and a 12-month high of $46.15. The business has a 50 day moving average of $41.01 and a 200-day moving average of $39.53. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 10.96 and a beta of 1.13.

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

Zions Bancorporation, National Association Announces Dividend

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

Analyst Upgrades and Downgrades

ZION has been the topic of a number of research reports. Stephens boosted their price target on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, January 23rd. Truist Financial restated a “hold” rating and issued a $46.00 target price on shares of Zions Bancorporation, National Association in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Zions Bancorporation, National Association in a research note on Wednesday, April 10th. They set a “hold” rating and a $47.00 price target for the company. Jefferies Financial Group cut their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Finally, Evercore ISI raised their target price on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of “Hold” and an average price target of $43.16.

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.