Zions Bancorporation, National Association (NASDAQ:ZION) Given Consensus Rating of “Hold” by Analysts

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have received an average recommendation of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $60.71.

Several research analysts recently weighed in on ZION shares. Royal Bank of Canada boosted their price target on shares of 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. Stephens upped their target price on Zions Bancorporation, National Association from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, January 22nd. Robert W. Baird raised their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction 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 transaction, the executive vice president now owns 86,232 shares of the company’s stock, valued at $5,265,325.92. This represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in Zions Bancorporation, National Association in the third quarter worth approximately $28,000. SRS Capital Advisors Inc. boosted its stake in shares of Zions Bancorporation, National Association by 120.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock valued at $49,000 after purchasing an additional 493 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Zions Bancorporation, National Association during the 4th quarter valued at $115,000. Venturi Wealth Management LLC raised its position in 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 purchasing an additional 1,671 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Zions Bancorporation, National Association during the third quarter valued at about $119,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Trading Down 1.7 %

ZION opened at $57.26 on Monday. Zions Bancorporation, National Association has a fifty-two week low of $38.01 and a fifty-two week high of $63.22. The firm has a market capitalization of $8.46 billion, a PE ratio of 11.57, a P/E/G ratio of 1.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50-day moving average is $56.64 and its 200 day moving average is $52.75.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $820.00 million during the quarter, compared to the consensus estimate of $787.70 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. Zions Bancorporation, National Association’s revenue was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Zions Bancorporation, National Association will post 5.26 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a dividend 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.