GAMMA 投资有限责任公司收购了齐昂银行国家协会（NASDAQ:ZION）的 541,389 股股票

GAMMA Investing LLC lifted its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 5,690.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 550,903 shares of the bank's stock after purchasing an additional 541,389 shares during the quarter. GAMMA Investing LLC owned 0.37% of Zions Bancorporation, National Association worth $27,468,000 as of its most recent SEC filing.

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Several other hedge funds also recently made changes to their positions in ZION. EverSource Wealth Advisors LLC increased its holdings in shares of Zions Bancorporation, National Association by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after purchasing an additional 183 shares during the period. Covestor Ltd increased its holdings in shares of Zions Bancorporation, National Association by 128.1% during the fourth quarter. Covestor Ltd now owns 853 shares of the bank's stock worth $46,000 after purchasing an additional 479 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Zions Bancorporation, National Association by 120.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock worth $49,000 after purchasing an additional 493 shares during the period. Millstone Evans Group LLC bought a new position in shares of Zions Bancorporation, National Association during the fourth quarter worth approximately $62,000. Finally, Natixis bought a new position in shares of Zions Bancorporation, National Association during the fourth quarter worth approximately $102,000. 76.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ZION has been the topic of several recent research reports. Wall Street Zen cut shares of Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Royal Bank of Canada decreased their price objective on shares of Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird decreased their price objective on shares of Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Truist Financial initiated coverage on shares of Zions Bancorporation, National Association in a research note on Tuesday, May 13th. They issued a "hold" rating and a $52.00 price objective on the stock. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $57.94.

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Read Our Latest Stock Analysis on Zions Bancorporation, National Association

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock opened at $47.58 on Thursday. Zions Bancorporation, National Association has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. 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 firm has a market capitalization of $7.02 billion, a P/E ratio of 9.61, a P/E/G ratio of 1.61 and a beta of 0.88. The company's 50 day moving average price is $46.00 and its two-hundred day moving average price is $52.06.

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Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The company had revenue of $795.00 million for the quarter, compared to analyst estimates of $792.49 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. During the same quarter in the previous year, the business earned $0.96 earnings per share. On average, equities analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.61%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 33.59%.

Zions Bancorporation, National Association declared that its Board of Directors has approved a share repurchase program on Monday, February 24th that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the bank to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

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.

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