Zions Bancorporation, N.A. $ZION Holdings Reduced by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Zions Bancorporation, N.A. (NASDAQ:ZION) by 5.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,505 shares of the bank’s stock after selling 4,534 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of Zions Bancorporation, N.A. worth $4,026,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in shares of Zions Bancorporation, N.A. during the first quarter valued at approximately $25,000. Assetmark Inc. boosted its position in shares of Zions Bancorporation, N.A. by 75.3% in the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after purchasing an additional 289 shares during the period. New Age Alpha Advisors LLC purchased a new position in Zions Bancorporation, N.A. in the 1st quarter worth about $40,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Zions Bancorporation, N.A. during the 1st quarter worth about $52,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Zions Bancorporation, N.A. during the second quarter valued at about $65,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Trading Up 3.3%

Shares of NASDAQ:ZION opened at $52.12 on Friday. The firm has a fifty day moving average of $53.75 and a two-hundred day moving average of $52.88. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $63.22. The firm has a market capitalization of $7.70 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 0.85 and a beta of 0.96.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings results on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. The business had revenue of $705.00 million for the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.84%. On average, equities analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, November 13th. Zions Bancorporation, N.A.’s payout ratio is currently 32.26%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ZION shares. Robert W. Baird raised shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a research report on Friday, October 17th. Weiss Ratings lowered shares of Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. TD Cowen initiated coverage on shares of Zions Bancorporation, N.A. in a research note on Thursday, September 25th. They set a “hold” rating and a $64.00 target price on the stock. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and increased their target price for the company from $55.00 to $60.00 in a report on Wednesday. Finally, Piper Sandler lowered their price target on Zions Bancorporation, N.A. from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.29.

Insider Activity at Zions Bancorporation, N.A.

In related news, EVP Jennifer Anne Smith sold 2,458 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $53.11, for a total value of $130,544.38. Following the completion of the sale, the executive vice president owned 27,133 shares of the company’s stock, valued at approximately $1,441,033.63. The trade was a 8.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.22% of the company’s stock.

About Zions Bancorporation, N.A.

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.