Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $69.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target increased by DA Davidson from $66.00 to $69.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the bank’s stock. DA Davidson also issued estimates for Zions Bancorporation, National Association’s Q1 2025 earnings at $1.19 EPS and FY2025 earnings at $5.74 EPS.

A number of other brokerages have also recently issued reports on ZION. Morgan Stanley lifted their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Stephens upped their price target on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Truist Financial raised their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group upgraded shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Tuesday, January 7th. Finally, UBS Group initiated coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They set a “neutral” rating and a $64.00 price target for the company. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $60.71.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock opened at $58.64 on Wednesday. The company’s fifty day moving average price is $57.16 and its 200-day moving average price is $52.07. The stock has a market cap of $8.66 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 3.10 and a beta of 1.12. The company has a current ratio of 0.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.16. 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 posted its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business had revenue of $820.00 million for the quarter, compared to analyst estimates of $787,704.90 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Zions Bancorporation, National Association’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts expect that Zions Bancorporation, National Association will post 4.96 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.93%. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 34.75%.

Insider Activity

In related news, EVP Paul E. Burdiss sold 9,506 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction 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 approximately $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock valued at $1,108,184 in the last quarter. 2.22% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Institutional investors and hedge funds have recently bought and sold shares of the stock. ORG Wealth Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the third quarter worth about $28,000. Abich Financial Wealth Management LLC grew its stake in shares of Zions Bancorporation, National Association by 26.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after acquiring an additional 296 shares during the period. Venturi Wealth Management LLC increased its holdings in Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after acquiring an additional 1,671 shares in the last quarter. Brooklyn Investment Group bought a new stake in Zions Bancorporation, National Association during the 3rd quarter worth approximately $119,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Zions Bancorporation, National Association by 15.2% in the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after purchasing an additional 375 shares in the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

About Zions Bancorporation, National Association

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.