Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $55.00 at Stephens

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price lifted by Stephens from $53.00 to $55.00 in a research note released on Tuesday, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Several other analysts have also recently issued reports on ZION. Royal Bank of Canada upped their price target on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a “sector perform” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group upped their price target on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Truist Financial cut their price target on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Robert W. Baird boosted their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a “market perform” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $52.82.

Zions Bancorporation, National Association Trading Down 1.6 %

Shares of ZION stock opened at $51.34 on Tuesday. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The company has a quick ratio of 0.84, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. Zions Bancorporation, National Association has a fifty-two week low of $28.98 and a fifty-two week high of $53.32. The firm’s 50 day moving average price is $48.07 and its two-hundred day moving average price is $45.48.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $781.63 million. During the same period in the previous year, the company posted $1.13 earnings per share. On average, analysts anticipate that Zions Bancorporation, National Association will post 4.6 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.19%. Zions Bancorporation, National Association’s dividend payout ratio is presently 37.36%.

Insider Activity at Zions Bancorporation, National Association

In related news, VP Bruce K. Alexander sold 5,156 shares of the 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 completion of the transaction, the vice president now owns 17,857 shares in the company, valued at $925,528.31. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CVA Family Office LLC lifted its holdings in Zions Bancorporation, National Association by 0.9% in the 3rd quarter. CVA Family Office LLC now owns 25,223 shares of the bank’s stock valued at $1,191,000 after acquiring an additional 217 shares during the last quarter. Strategic Advocates LLC lifted its holdings in Zions Bancorporation, National Association by 6.1% in the 2nd quarter. Strategic Advocates LLC now owns 5,149 shares of the bank’s stock valued at $223,000 after acquiring an additional 296 shares during the last quarter. Abich Financial Wealth Management LLC lifted its holdings in Zions Bancorporation, National Association by 26.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after acquiring an additional 296 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in Zions Bancorporation, National Association by 8.3% in the 2nd quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank’s stock valued at $170,000 after acquiring an additional 299 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Zions Bancorporation, National Association by 1.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,063 shares of the bank’s stock valued at $1,174,000 after acquiring an additional 327 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

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.