Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Cut to $52.00 by Analysts at Truist Financial

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price trimmed by Truist Financial from $54.00 to $52.00 in a report released on Friday, Benzinga reports. The firm currently has a hold rating on the bank’s stock.

A number of other analysts also recently issued reports on the company. Jefferies Financial Group reduced their price objective on Zions Bancorporation, National Association from $51.00 to $49.00 and set a hold rating on the stock in a research note on Wednesday, September 11th. Robert W. Baird boosted their price target on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a neutral rating in a research report on Tuesday, July 23rd. Argus downgraded shares of Zions Bancorporation, National Association from a buy rating to a hold rating in a research note on Thursday, July 25th. Morgan Stanley lifted their price objective on shares of Zions Bancorporation, National Association from $42.00 to $54.00 and gave the stock an underweight rating in a research note on Monday, August 5th. Finally, StockNews.com upgraded shares of Zions Bancorporation, National Association from a sell rating to a hold rating in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $48.72.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $47.30 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50-day simple moving average of $47.98 and a two-hundred day simple moving average of $44.33. The firm has a market capitalization of $6.98 billion, a PE ratio of 11.88, a P/E/G ratio of 2.83 and a beta of 1.09. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.18. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The company had revenue of $776.00 million during the quarter, compared to the consensus estimate of $761.61 million. During the same quarter in the prior year, the firm posted $1.11 EPS. Zions Bancorporation, National Association’s quarterly revenue was down .5% compared to the same quarter last year. Analysts forecast that Zions Bancorporation, National Association will post 4.52 EPS 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. This represents a $1.64 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Insider Transactions at Zions Bancorporation, National Association

In other news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the sale, the vice president now directly owns 17,857 shares in the company, valued at $925,528.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock valued at $3,476,298 over the last ninety days. Insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently modified their holdings of ZION. Fidelis Capital Partners LLC acquired a new position in shares of Zions Bancorporation, National Association during the first quarter worth about $27,000. Jones Financial Companies Lllp acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth approximately $29,000. ORG Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at $34,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth $39,000. 76.84% of the stock is owned by institutional investors and hedge funds.

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.