Brokerages Set Zions Bancorporation, National Association (NASDAQ:ZION) Target Price at $58.66

Shares of Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) have been given a consensus recommendation of “Hold” by the nineteen analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $58.66.

Several research analysts have recently weighed in on the company. Truist Financial boosted their price target on Zions Bancorporation, National Association from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. JPMorgan Chase & Co. lowered Zions Bancorporation, National Association from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $49.00 to $46.00 in a report on Wednesday, January 25th. Morgan Stanley cut their price objective on Zions Bancorporation, National Association from $65.00 to $59.00 and set an “equal weight” rating for the company in a report on Tuesday, January 24th. UBS Group lifted their price objective on Zions Bancorporation, National Association to $65.00 in a report on Wednesday, November 16th. Finally, DA Davidson raised Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Tuesday, December 20th. They noted that the move was a valuation call.

Zions Bancorporation, National Association Price Performance

ZION opened at $46.68 on Monday. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.31 and a beta of 1.17. Zions Bancorporation, National Association has a 1 year low of $45.21 and a 1 year high of $71.25. The stock’s 50 day simple moving average is $51.06 and its 200 day simple moving average is $51.64. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.84 and a quick ratio of 0.84.

Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) last released its quarterly earnings results on Monday, January 23rd. The bank reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.18. Zions Bancorporation, National Association had a return on equity of 18.36% and a net margin of 27.18%. The company had revenue of $988.00 million for the quarter, compared to analyst estimates of $873.05 million. During the same period in the previous year, the company posted $1.34 earnings per share. As a group, analysts predict that Zions Bancorporation, National Association will post 6.4 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 23rd. Stockholders of record on Thursday, February 16th were given a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, February 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.51%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 28.28%.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 2,248 shares of the company’s stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $52.84, for a total transaction of $118,784.32. Following the transaction, the executive vice president now directly owns 19,221 shares in the company, valued at $1,015,637.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Steven Dan Stephens sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $54.42, for a total value of $326,520.00. Following the completion of the sale, the executive vice president now owns 38,509 shares in the company, valued at $2,095,659.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Terry Alan Shirey sold 2,248 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $52.84, for a total transaction of $118,784.32. Following the sale, the executive vice president now owns 19,221 shares of the company’s stock, valued at $1,015,637.64. The disclosure for this sale can be found here. Insiders sold 12,932 shares of company stock worth $693,458 over the last ninety days. Corporate insiders own 1.81% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Zions Bancorporation, National Association by 50.3% during the 1st quarter. American Century Companies Inc. now owns 33,685 shares of the bank’s stock valued at $2,209,000 after acquiring an additional 11,267 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Zions Bancorporation, National Association by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,168 shares of the bank’s stock valued at $1,060,000 after acquiring an additional 341 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Zions Bancorporation, National Association by 2.7% during the 1st quarter. HighTower Advisors LLC now owns 17,117 shares of the bank’s stock valued at $1,120,000 after acquiring an additional 448 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Zions Bancorporation, National Association during the 1st quarter valued at $267,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 453.6% during the 1st quarter. Acadian Asset Management LLC now owns 4,235 shares of the bank’s stock valued at $277,000 after acquiring an additional 3,470 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Company Profile

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Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington.