Zions Bancorporation, National Association (NASDAQ:ZION) Given Consensus Recommendation of “Hold” by Analysts

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have received an average recommendation of “Hold” from the nineteen research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $60.71.

A number of research firms recently issued reports on ZION. Stephens raised their price objective on shares of Zions Bancorporation, National Association from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 22nd. Truist Financial upped their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada lifted their target price on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Wedbush upped their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 22nd.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jennifer Anne Smith sold 3,605 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $58.06, for a total transaction of $209,306.30. Following the completion of the sale, the executive vice president now owns 24,714 shares in the company, valued at $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 worth $873,762 in the last quarter. 2.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZION. Virtu Financial LLC bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter valued at approximately $583,000. Cornercap Investment Counsel Inc. purchased a new stake in Zions Bancorporation, National Association during the 3rd quarter valued at $510,000. Sequoia Financial Advisors LLC lifted its position in Zions Bancorporation, National Association by 1.9% in the third quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock worth $1,302,000 after buying an additional 506 shares during the last quarter. State Street Corp boosted its stake in Zions Bancorporation, National Association by 14.6% during the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock worth $332,515,000 after buying an additional 896,889 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in Zions Bancorporation, National Association by 14.2% during the third quarter. Los Angeles Capital Management LLC now owns 351,148 shares of the bank’s stock valued at $16,581,000 after acquiring an additional 43,720 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.7 %

NASDAQ:ZION opened at $57.86 on Monday. The company has a market cap of $8.55 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 2.92 and a beta of 1.12. 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 company has a 50 day simple moving average of $57.01 and a two-hundred day simple moving average of $52.50. 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 quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The company had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. Zions Bancorporation, National Association’s revenue was up 12.2% compared to the same quarter last year. Research analysts forecast that Zions Bancorporation, National Association will post 5.23 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 13th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.97%. Zions Bancorporation, National Association’s dividend payout ratio is currently 34.75%.

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.