Zions Bancorporation, National Association (NASDAQ:ZION) Receives $58.25 Consensus Price Target from Analysts

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have been assigned an average rating of “Hold” from the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $58.25.

Several brokerages have recently weighed in on ZION. Barclays lifted their target price on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group upgraded shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company boosted their price target on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Royal Bank of Canada boosted their price target on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Wedbush boosted their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the business’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 value of $234,422.10. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,321,210.44. The trade was a 15.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president now owns 86,232 shares of the company’s stock, valued at $5,265,325.92. The trade was a 9.93 % 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 owned by insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently made changes to their positions in ZION. ORG Wealth Partners LLC bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter valued at $28,000. Abich Financial Wealth Management LLC grew its stake in shares of Zions Bancorporation, National Association by 26.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after acquiring an additional 296 shares in the last quarter. Acadian Asset Management LLC bought a new position in Zions Bancorporation, National Association during the second quarter valued at about $101,000. Venturi Wealth Management LLC boosted its position in Zions Bancorporation, National Association by 209.1% during the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after purchasing an additional 1,671 shares during the period. Finally, Brooklyn Investment Group bought a new position in Zions Bancorporation, National Association during the third quarter worth about $119,000. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, National Association Stock Performance

Shares of ZION opened at $53.34 on Thursday. The company has a market capitalization of $7.88 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 5.10 and a beta of 1.12. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22. 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 company’s fifty day moving average price is $57.20 and its 200 day moving average price is $51.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $781.63 million. During the same quarter in the previous year, the firm posted $1.13 EPS. As a group, analysts expect that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.22%. 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 (DPR) is currently 39.18%.

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.