Zions Bancorporation, National Association (NASDAQ:ZION) Receives Consensus Recommendation of “Hold” from Brokerages

Zions Bancorporation, National Association (NASDAQ:ZION) has been given an average rating of “Hold” by the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $60.71.

A number of equities research analysts have weighed in on ZION shares. DA Davidson lifted their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Stephens lifted their price objective on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. Morgan Stanley increased their target price on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Truist Financial boosted their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, 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 objective on the stock in a research note on Tuesday, January 7th.

Insider Activity at Zions Bancorporation, National Association

In related news, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the transaction, the vice president now directly owns 35,878 shares of the company’s stock, valued at $2,182,817.52. This represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 3,605 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $209,306.30. Following the sale, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at approximately $1,434,894.84. This represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,496 shares of company stock valued at $873,762 in the last three months. 2.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association in the 3rd quarter worth approximately $28,000. Venturi Wealth Management LLC increased its stake in shares of Zions Bancorporation, National Association by 209.1% in the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after acquiring an additional 1,671 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Zions Bancorporation, National Association in the third quarter worth $119,000. TD Private Client Wealth LLC raised its holdings in shares of Zions Bancorporation, National Association by 15.2% during the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after purchasing an additional 375 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its position in Zions Bancorporation, National Association by 8.3% during the second quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock valued at $170,000 after purchasing an additional 299 shares during the period. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Down 0.7 %

Shares of ZION opened at $57.86 on Monday. The firm has a fifty day moving average price of $57.01 and a 200-day moving average price of $52.50. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $8.55 billion, a P/E ratio of 11.69, a P/E/G ratio of 2.92 and a beta of 1.12. Zions Bancorporation, National Association has a 12-month low of $37.76 and a 12-month high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The business had revenue of $820.00 million for the quarter, compared to the consensus estimate of $787.70 million. During the same period in the prior year, the firm earned $0.78 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts expect that Zions Bancorporation, National Association will post 5.23 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.97%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 34.75%.

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.