Zions Bancorporation, National Association (NASDAQ:ZION) Given Average Recommendation of “Hold” by Analysts

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have earned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $53.59.

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Truist Financial increased their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Wedbush increased their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price target on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock opened at $58.83 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $50.98 and a 200 day moving average price of $47.35. The company has a market cap of $8.69 billion, a P/E ratio of 13.40, a PEG ratio of 5.27 and a beta of 1.07. Zions Bancorporation, National Association has a 12 month low of $33.66 and a 12 month high of $61.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share. Sell-side analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.92%. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 39.18%.

Insider Transactions at Zions Bancorporation, National Association

In related news, VP Eric Ellingsen sold 1,238 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the sale, the vice president now owns 35,878 shares in the company, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,321,210.44. This trade represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,228 shares of company stock valued at $519,048 in the last ninety days. Corporate insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

Hedge funds have recently bought and sold shares of the company. Comerica Bank boosted its position in Zions Bancorporation, National Association by 331.1% during the first quarter. Comerica Bank now owns 118,861 shares of the bank’s stock worth $5,159,000 after acquiring an additional 91,289 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Zions Bancorporation, National Association in the 1st quarter valued at $1,959,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Zions Bancorporation, National Association by 71.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 118,248 shares of the bank’s stock valued at $5,136,000 after purchasing an additional 49,213 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Zions Bancorporation, National Association in the 1st quarter valued at $878,000. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Zions Bancorporation, National Association by 223.4% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 41,401 shares of the bank’s stock valued at $1,797,000 after purchasing an additional 28,600 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.