Zions Bancorporation, National Association (NASDAQ:ZION) Given New $59.00 Price Target at Barclays

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target upped by Barclays from $52.00 to $59.00 in a research note published on Monday,Benzinga reports. They currently have an underweight rating on the bank’s stock.

Several other equities analysts have also recently issued reports on the company. Wedbush boosted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Wolfe Research raised Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group decreased their target price on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, September 11th. JPMorgan Chase & Co. dropped their price target on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada increased their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of “Hold” and a consensus price target of $58.25.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $54.87 on Monday. The company’s 50 day simple moving average is $57.10 and its two-hundred day simple moving average is $50.95. The stock has a market capitalization of $8.10 billion, a PE ratio of 12.50, a P/E/G ratio of 5.10 and a beta of 1.12. 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 has a 1 year low of $37.76 and a 1 year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued 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. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. During the same quarter in the prior year, the firm earned $1.13 EPS. Analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.13%. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 39.18%.

Insider Activity at Zions Bancorporation, National Association

In other news, EVP Paul E. Burdiss sold 9,506 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value 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 $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eric Ellingsen sold 1,238 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the transaction, the vice president now directly owns 35,878 shares in the company, valued at approximately $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,881 shares of company stock valued at $1,108,184 in the last ninety days. Company insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association in the third quarter worth approximately $28,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Zions Bancorporation, National Association by 68.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,289 shares of the bank’s stock worth $56,000 after purchasing an additional 526 shares during the period. Abich Financial Wealth Management LLC increased its stake 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 buying an additional 296 shares during the period. Larson Financial Group LLC raised its holdings in Zions Bancorporation, National Association by 33,980.0% during the second quarter. Larson Financial Group LLC now owns 1,704 shares of the bank’s stock worth $74,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at approximately $101,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.