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

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $58.25.

A number of brokerages have recently commented on ZION. Stephens lifted their price objective on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their price target on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Barclays increased their price objective on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Robert W. Baird boosted their target price on shares of 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, Evercore ISI increased their price target on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION opened at $58.20 on Thursday. The company has a 50-day simple moving average of $57.35 and a 200-day simple moving average of $51.36. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $8.60 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 2.86 and a beta of 1.12. Zions Bancorporation, National Association has a 12 month low of $37.76 and a 12 month high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.16 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations 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 company earned $1.13 EPS. On average, equities analysts anticipate that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.43 per share. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 39.18%.

Insider Buying and Selling

In related 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 sale, the executive vice president now owns 24,714 shares of the company’s stock, valued at $1,321,210.44. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Paul E. Burdiss sold 9,506 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,881 shares of company stock valued at $1,108,184. Corporate insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in Zions Bancorporation, National Association by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after purchasing an additional 929,251 shares in the last quarter. State Street Corp boosted its stake in shares of Zions Bancorporation, National Association by 14.6% during the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock valued at $332,515,000 after buying an additional 896,889 shares during the last quarter. Artemis Investment Management LLP grew its position in shares of Zions Bancorporation, National Association by 165.0% during the third quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank’s stock worth $42,761,000 after buying an additional 563,889 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Zions Bancorporation, National Association by 25.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock worth $126,762,000 after buying an additional 538,049 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Zions Bancorporation, National Association in the third quarter worth $24,647,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.