UBS Group Trims Zions Bancorporation, National Association (NASDAQ:ZION) Target Price to $45.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target decreased by UBS Group from $47.00 to $45.00 in a research report released on Tuesday, Benzinga reports. UBS Group currently has a neutral rating on the bank’s stock.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a sector perform rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a hold rating and a $47.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a neutral rating in a report on Thursday, April 4th. TheStreet raised shares of Zions Bancorporation, National Association from a c+ rating to a b- rating in a report on Wednesday, January 3rd. Finally, Jefferies Financial Group cut their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a hold rating on the stock in a report on Monday, April 8th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $43.15.

Zions Bancorporation, National Association Stock Up 1.0 %

ZION stock opened at $41.75 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15. The company’s 50 day moving average is $40.83 and its two-hundred day moving average is $39.26. The stock has a market cap of $6.16 billion, a P/E ratio of 9.60 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, April 22nd. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $747.21 million. During the same period in the previous year, the business posted $1.33 EPS. Research analysts expect that Zions Bancorporation, National Association will post 4.27 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were given a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 3.93%. Zions Bancorporation, National Association’s dividend payout ratio is presently 37.70%.

Insider Buying and Selling

In related news, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the sale, the executive vice president now directly owns 44,056 shares in the company, valued at approximately $1,797,925.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP A Scott Anderson sold 4,093 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the transaction, the vice president now owns 14,665 shares of the company’s stock, valued at approximately $648,926.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the completion of the transaction, the executive vice president now directly owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The disclosure for this sale can be found here. Insiders have sold 18,022 shares of company stock worth $744,893 in the last three months. Corporate insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. increased its stake in shares of Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after acquiring an additional 331 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Zions Bancorporation, National Association during the 4th quarter valued at about $29,000. Quarry LP acquired a new position in shares of Zions Bancorporation, National Association during the 4th quarter valued at about $49,000. Ronald Blue Trust Inc. increased its stake in shares of Zions Bancorporation, National Association by 274.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank’s stock valued at $73,000 after acquiring an additional 1,538 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Zions Bancorporation, National Association by 4,613.3% during the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,076 shares during the last quarter. 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.