Zions Bancorporation, National Association (NASDAQ:ZION) Given Average 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 presently covering the company, Marketbeat 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 analysts that have issued ratings on the stock in the last year is $60.71.

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an “underweight” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company upped their price objective on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. UBS Group initiated coverage on Zions Bancorporation, National Association in a report on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 target price for the company. Wedbush upped their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their price objective on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a “sector perform” rating in a 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 Zions Bancorporation, National Association 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 transaction, the executive vice president now owns 86,232 shares in the company, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric Ellingsen sold 1,238 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the sale, the vice president now owns 35,878 shares of the company’s stock, valued at $2,182,817.52. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,891 shares of company stock valued at $664,456. Company insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently added to or reduced their stakes in ZION. ORG Wealth Partners LLC bought a new stake in shares of Zions Bancorporation, National Association in the third quarter worth about $28,000. SRS Capital Advisors Inc. lifted its position in Zions Bancorporation, National Association by 120.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock valued at $49,000 after purchasing an additional 493 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Zions Bancorporation, National Association during the fourth quarter valued at $115,000. Venturi Wealth Management LLC increased its holdings in shares of Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after buying an additional 1,671 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter valued at about $119,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Down 1.7 %

Shares of Zions Bancorporation, National Association stock opened at $57.26 on Monday. Zions Bancorporation, National Association has a 1 year low of $38.01 and a 1 year high of $63.22. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.74 and a beta of 1.11. The company has a 50-day moving average of $56.64 and a 200 day moving average of $52.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The firm had revenue of $820.00 million during the quarter, compared to analyst estimates of $787.70 million. During the same period last year, the business earned $0.78 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Zions Bancorporation, National Association will post 5.23 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business 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 dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.72 annualized dividend and a yield of 3.00%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 34.75%.

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.