Zions Bancorporation, N.A. (NASDAQ:ZION) Receives Average Recommendation of “Hold” from Brokerages

Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) have been assigned a consensus rating of “Hold” from the twenty-three ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $61.35.

A number of research firms have weighed in on ZION. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and raised their price target for the company from $55.00 to $60.00 in a research note on Wednesday, November 19th. Robert W. Baird raised Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a research report on Friday, October 17th. Cantor Fitzgerald initiated coverage on Zions Bancorporation, N.A. in a research note on Wednesday, September 10th. They set an “overweight” rating and a $64.00 target price for the company. UBS Group dropped their price target on shares of Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Baird R W upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th.

Zions Bancorporation, N.A. Stock Up 0.5%

Shares of Zions Bancorporation, N.A. stock opened at $59.55 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $60.77. The company has a market capitalization of $8.79 billion, a P/E ratio of 10.67, a P/E/G ratio of 0.98 and a beta of 0.88. The company has a 50 day moving average of $53.84 and a 200 day moving average of $54.30.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings data on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. The business had revenue of $705.00 million for the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.56%. As a group, research analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a $0.45 dividend. The ex-dividend date was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a yield of 3.0%. Zions Bancorporation, N.A.’s payout ratio is currently 32.26%.

Insider Buying and Selling

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 2,458 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the completion of the sale, the executive vice president directly owned 27,133 shares of the company’s stock, valued at $1,441,033.63. This represents a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

Several institutional investors have recently modified their holdings of the company. DAVENPORT & Co LLC boosted its position in shares of Zions Bancorporation, N.A. by 2.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock worth $424,000 after buying an additional 200 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Zions Bancorporation, N.A. by 7.6% in the second quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank’s stock valued at $152,000 after purchasing an additional 206 shares during the last quarter. Lynx Investment Advisory grew its position in shares of Zions Bancorporation, N.A. by 3.5% in the second quarter. Lynx Investment Advisory now owns 6,371 shares of the bank’s stock valued at $331,000 after purchasing an additional 213 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Zions Bancorporation, N.A. by 2.2% during the 3rd quarter. GAMMA Investing LLC now owns 10,567 shares of the bank’s stock worth $598,000 after purchasing an additional 232 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Zions Bancorporation, N.A. by 3.9% during the 2nd quarter. ProShare Advisors LLC now owns 6,543 shares of the bank’s stock worth $340,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.