Zions Bancorporation, National Association (NASDAQ:ZION) PT Raised to $54.00 at Compass Point

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target raised by Compass Point from $49.00 to $54.00 in a report issued on Wednesday, Benzinga reports. They currently have a neutral rating on the bank’s stock.

ZION has been the topic of a number of other reports. Stephens raised their price target on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada upped 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 report on Tuesday, October 22nd. Wolfe Research upgraded shares of Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Robert W. Baird boosted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Wedbush boosted their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus target price of $52.82.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION opened at $51.34 on Wednesday. Zions Bancorporation, National Association has a 1 year low of $28.98 and a 1 year high of $53.32. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.84 and a current ratio of 0.78. The company’s fifty day moving average price is $48.07 and its 200 day moving average price is $45.50. The company has a market capitalization of $7.58 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same quarter in the prior year, the business posted $1.13 earnings per share. On average, research analysts predict that Zions Bancorporation, National Association will post 4.6 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.19%. Zions Bancorporation, National Association’s dividend payout ratio is presently 41.21%.

Insiders Place Their Bets

In related news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at $925,528.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth $28,000. Fidelis Capital Partners LLC acquired a new stake in Zions Bancorporation, National Association in the first quarter valued at $27,000. ORG Partners LLC purchased a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at about $33,000. International Assets Investment Management LLC purchased a new stake in Zions Bancorporation, National Association during the second quarter worth approximately $34,000. Finally, Rothschild Investment LLC purchased a new position in Zions Bancorporation, National Association in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.