Barclays Issues Positive Forecast for Zions Bancorporation, National Association (NASDAQ:ZION) Stock Price

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target increased by Barclays from $52.00 to $59.00 in a report published on Monday,Benzinga reports. Barclays currently has an underweight rating on the bank’s stock.

A number of other research analysts also recently weighed in on the company. Stephens lifted their price target on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Evercore ISI upped their target price on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Wedbush increased their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. One investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $57.50.

Zions Bancorporation, National Association Stock Up 0.2 %

ZION opened at $55.02 on Monday. The stock’s 50 day moving average price is $57.00 and its 200 day moving average price is $50.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $8.13 billion, a P/E ratio of 12.53, a P/E/G ratio of 5.10 and a beta of 1.12. Zions Bancorporation, National Association has a 12 month low of $37.76 and a 12 month high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same period last year, the firm posted $1.13 earnings per share. As a group, research analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Thursday, November 14th. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio is presently 39.18%.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the sale, the executive vice president now directly owns 86,232 shares in the company, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the transaction, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,321,210.44. The trade was a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,881 shares of company stock worth $1,108,184. 2.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Zions Bancorporation, National Association

Several institutional investors and hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association in the third quarter valued at about $28,000. Allspring Global Investments Holdings LLC boosted its stake in Zions Bancorporation, National Association by 68.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,289 shares of the bank’s stock worth $56,000 after acquiring an additional 526 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in Zions Bancorporation, National Association by 26.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after purchasing an additional 296 shares during the period. Larson Financial Group LLC increased its stake in Zions Bancorporation, National Association by 33,980.0% in the second quarter. Larson Financial Group LLC now owns 1,704 shares of the bank’s stock valued at $74,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Zions Bancorporation, National Association in the second quarter worth $101,000. Institutional investors 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.