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

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

A number of equities research analysts have commented on the company. The Goldman Sachs Group upgraded 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 report on Tuesday, January 7th. Morgan Stanley upped their target price on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted 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 research report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company increased their price objective on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th.

Zions Bancorporation, National Association Price Performance

Zions Bancorporation, National Association stock opened at $54.35 on Thursday. The company has a fifty day simple moving average of $57.26 and a 200-day simple moving average of $51.26. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 5.10 and a beta of 1.12. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a 52-week low of $37.76 and a 52-week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. The company had revenue of $1.28 billion during 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 quarter in the prior year, the firm earned $1.13 EPS. On average, equities analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.16%. Zions Bancorporation, National Association’s payout ratio is currently 39.18%.

Insider Activity 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 transaction of $234,422.10. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,881 shares of company stock valued at $1,108,184 over the last 90 days. 2.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Hedge funds have recently made changes to their positions in the business. Neville Rodie & Shaw Inc. acquired a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at approximately $477,000. Nordea Investment Management AB boosted its position in shares of Zions Bancorporation, National Association by 6.3% during the 4th quarter. Nordea Investment Management AB now owns 225,840 shares of the bank’s stock worth $12,306,000 after purchasing an additional 13,329 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Zions Bancorporation, National Association by 4.4% during the 4th quarter. GAMMA Investing LLC now owns 9,514 shares of the bank’s stock worth $516,000 after purchasing an additional 403 shares during the period. Franklin Resources Inc. increased its holdings in shares of Zions Bancorporation, National Association by 13.6% in the 3rd quarter. Franklin Resources Inc. now owns 203,567 shares of the bank’s stock valued at $10,195,000 after purchasing an additional 24,414 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Zions Bancorporation, National Association in the third quarter valued at about $226,000. Institutional investors and hedge funds 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.