Yousif Capital Management LLC Has $2.71 Million Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Yousif Capital Management LLC lowered its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 2.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 54,251 shares of the bank’s stock after selling 1,300 shares during the period. Yousif Capital Management LLC’s holdings in Zions Bancorporation, National Association were worth $2,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Curat Global LLC bought a new position in shares of Zions Bancorporation, National Association in the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its stake in Zions Bancorporation, National Association by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after acquiring an additional 183 shares in the last quarter. Covestor Ltd boosted its holdings in 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 acquiring an additional 479 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings 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 worth $49,000 after acquiring an additional 493 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Zions Bancorporation, National Association in the 1st quarter worth $50,000. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, National Association Stock Down 2.6%

Zions Bancorporation, National Association stock opened at $47.43 on Friday. The firm has a 50 day simple moving average of $46.42 and a 200 day simple moving average of $51.46. 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 1-year low of $39.32 and a 1-year high of $63.22. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 1.61 and a beta of 0.88.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share 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 company had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $792.49 million. During the same period in the previous year, the business earned $0.96 earnings per share. On average, analysts predict that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association declared that its board has approved a share repurchase plan on Monday, February 24th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits 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 management believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Saturday. Stephens reduced their target price on Zions Bancorporation, National Association from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Morgan Stanley dropped 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. Wells Fargo & Company cut their price objective on Zions Bancorporation, National Association from $58.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Argus raised Zions Bancorporation, National Association from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus price target of $57.94.

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.