Zions Bancorporation, National Association (NASDAQ:ZION) Receives Average Rating of “Hold” from Analysts

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have received a consensus rating of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $43.16.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Wedbush reduced their target price on Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Morgan Stanley increased their price target on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, February 7th. Stephens lifted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 23rd. Finally, Robert W. Baird decreased their price objective on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, CEO Harris H. Simmons bought 3,600 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of $38.99 per share, with a total value of $140,364.00. Following the acquisition, the chief executive officer now owns 1,261,866 shares in the company, valued at approximately $49,200,155.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zions Bancorporation, National Association news, CEO Harris H. Simmons bought 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,312,987 shares of the company’s stock, valued at $50,602,518.98. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Harris H. Simmons bought 3,600 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 6th. The stock was acquired at an average cost of $38.99 per share, for a total transaction of $140,364.00. Following the acquisition, the chief executive officer now owns 1,261,866 shares in the company, valued at approximately $49,200,155.34. The disclosure for this purchase can be found here. Insiders sold 15,429 shares of company stock valued at $629,298 in the last three months. Corporate insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

Several institutional investors and hedge funds have recently modified their holdings of the business. Fidelis Capital Partners LLC bought a new position in Zions Bancorporation, National Association in the first quarter valued at about $27,000. Federated Hermes Inc. boosted its stake in shares of Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after purchasing an additional 331 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Zions Bancorporation, National Association during the 4th quarter valued at approximately $29,000. Quarry LP acquired a new position in Zions Bancorporation, National Association during the 4th quarter worth approximately $49,000. Finally, American Capital Advisory LLC lifted its stake in Zions Bancorporation, National Association by 58.5% in the 1st quarter. American Capital Advisory LLC now owns 1,328 shares of the bank’s stock valued at $58,000 after purchasing an additional 490 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, National Association Trading Up 2.1 %

NASDAQ ZION opened at $43.62 on Friday. Zions Bancorporation, National Association has a 12 month low of $18.26 and a 12 month high of $46.15. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $41.01 and a 200-day moving average of $39.53. The company has a market cap of $6.44 billion, a PE ratio of 10.96 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. During the same quarter in the prior year, the business earned $1.33 EPS. On average, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.38 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

About Zions Bancorporation, National Association

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.