Zions Bancorporation ZION announced that its board of directors authorized additional share repurchases worth up to $200 million for the third quarter of this year. Notably, in July, the company announced third-quarter repurchase authorization worth up to $125 million.Thus, now, the total buyback authorization for the third quarter is $325 million or 3.5% of the company’s current market capitalization.As of Aug 24, 2021, Zions repurchased shares worth $98 million as part of its third-quarter buyback authorization.The company has an efficient capital deployment plan in place. In addition to share repurchases, it pays regular quarterly dividends.In fact, last month, it announced a quarterly cash dividend of 38 cents per share, representing a hike of 11.7% from the prior payout. The dividend was paid out on Aug 19 to shareholders of record as of Aug 12.Considering yesterday’s closing price of $55.75 per share, the company’s dividend yield currently stands at 2.73%.Supported by a robust capital position and lower dividend payout ratio compared with peers, Zions is expected to sustain efficient capital deployment activities in the future, thereby, continuing to enhance shareholder value.So far this year, shares of Zions have rallied 28.3% compared with 34.6% growth recorded by the industry it belongs to. Image Source: Zacks Investment Research Currently, the company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Capital Deployment Activities by Other Finance CompaniesIn the past few months, several firms have announced new share-repurchase programs.A couple of days ago, Civista Bancshares, Inc. CIVB announced a share-repurchase plan to buy back up to an aggregate $13.5 million of its outstanding shares. The plan will expire on Aug 10, 2022.Likewise, PNC Financial PNC said that its board of directors authorized the repurchase of up to $2.9 billion worth of its common stock for the four-quarter period beginning in the third quarter of 2021.Huntington Bancshares Incorporated’s HBAN board authorized an $800-MILLION share repurchase program for the four quarters beginning July 2021. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The PNC Financial Services Group, Inc (PNC): Free Stock Analysis Report Huntington Bancshares Incorporated (HBAN): Free Stock Analysis Report Zions Bancorporation, N.A. (ZION): Free Stock Analysis Report Civista Bancshares, Inc. (CIVB): Free Stock Analysis Report To read this article on Zacks.com click here.