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

Zions Bancorporation, National Association (NASDAQ:ZION) has received a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $55.88.

Several analysts recently commented on ZION shares. Wolfe Research raised Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. cut their price target on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada increased their price objective on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Wedbush raised their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their target price on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, November 15th.

Zions Bancorporation, National Association Trading Down 0.8 %

Zions Bancorporation, National Association stock opened at $57.67 on Friday. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22. The business’s fifty day moving average is $55.62 and its 200 day moving average is $49.29. The stock has a market capitalization of $8.52 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 5.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly 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. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same period in the previous year, the business posted $1.13 earnings per share. On average, sell-side analysts predict that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.98%. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio is currently 39.18%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several hedge funds have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new position in shares of Zions Bancorporation, National Association during the third quarter valued at approximately $28,000. ORG Partners LLC purchased a new position in Zions Bancorporation, National Association during the 2nd quarter valued at $33,000. International Assets Investment Management LLC bought a new position in Zions Bancorporation, National Association in the 2nd quarter valued at $34,000. Rothschild Investment LLC purchased a new stake in Zions Bancorporation, National Association in the second quarter worth $39,000. Finally, New Millennium Group LLC bought a new stake in shares of Zions Bancorporation, National Association during the second quarter worth $55,000. 76.84% of the stock is currently owned by institutional investors.

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.