Zions Bancorporation, National Association (NASDAQ:ZION) Stock Price Expected to Rise, Barclays Analyst Says

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price boosted by Barclays from $59.00 to $61.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an underweight rating on the bank’s stock.

Several other analysts have also recently weighed in on ZION. Compass Point upped their price objective on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Stephens increased their price target on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Evercore ISI lifted their price objective on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their target price on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.71.

Zions Bancorporation, National Association Trading Down 1.6 %

Shares of ZION opened at $58.09 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a market cap of $8.58 billion, a PE ratio of 13.23, a PEG ratio of 3.11 and a beta of 1.12. Zions Bancorporation, National Association has a 1 year low of $37.76 and a 1 year high of $63.22. The stock has a 50 day simple moving average of $57.21 and a 200-day simple moving average of $51.92.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The firm had revenue of $820.00 million during the quarter, compared to analyst estimates of $787,704.90 billion. During the same period in the prior year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.43 dividend. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 annualized dividend and a yield of 2.96%. Zions Bancorporation, National Association’s dividend payout ratio is presently 34.75%.

Insiders Place Their Bets

In other news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association 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 transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,881 shares of company stock worth $1,108,184. Insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CVA Family Office LLC raised its position in shares of Zions Bancorporation, National Association by 0.9% during the third quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock worth $1,191,000 after purchasing an additional 217 shares during the period. Contravisory Investment Management Inc. raised its holdings in Zions Bancorporation, National Association by 1.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 17,263 shares of the bank’s stock worth $937,000 after buying an additional 249 shares during the period. Abich Financial Wealth Management LLC lifted its stake in Zions Bancorporation, National Association by 26.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after buying an additional 296 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in shares of Zions Bancorporation, National Association by 8.3% in the second quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock valued at $170,000 after buying an additional 299 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Zions Bancorporation, National Association by 0.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock worth $1,947,000 after acquiring an additional 348 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.

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.