Zions Bancorporation, National Association (NASDAQ:ZION) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have been given an average recommendation of “Reduce” by the nineteen research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $48.72.

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. StockNews.com raised Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Wedbush raised their price objective on Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Robert W. Baird lifted their price objective on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Stephens upped their target price on Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd.

Zions Bancorporation, National Association Stock Up 1.0 %

ZION opened at $46.59 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. Zions Bancorporation, National Association has a 12 month low of $28.90 and a 12 month high of $53.32. The stock has a market capitalization of $6.88 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.74 and a beta of 1.11. The business has a 50 day simple moving average of $45.64 and a 200-day simple moving average of $42.93.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.18. The firm had revenue of $776.00 million during the quarter, compared to analysts’ expectations of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. Zions Bancorporation, National Association’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, equities analysts anticipate that Zions Bancorporation, National Association will post 4.53 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.41 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.52%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the sale, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the sale, 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. Over the last 90 days, insiders have sold 67,073 shares of company stock valued at $3,476,298. Company insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in Zions Bancorporation, National Association by 4,136.7% in the fourth quarter. International Assets Investment Management LLC now owns 34,826 shares of the bank’s stock valued at $1,528,000 after acquiring an additional 34,004 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Zions Bancorporation, National Association by 55.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock valued at $2,644,000 after purchasing an additional 21,551 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 4th quarter worth about $1,336,000. Louisiana State Employees Retirement System acquired a new stake in Zions Bancorporation, National Association during the 4th quarter worth approximately $395,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Zions Bancorporation, National Association in the fourth quarter valued at approximately $1,268,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.