Barclays Issues Positive Forecast for Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price

Zions Bancorporation, N.A. (NASDAQ:ZION) had its price target increased by Barclays from $61.00 to $68.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an underweight rating on the bank’s stock.

ZION has been the topic of a number of other reports. Bank of America upgraded Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and upped their price target for the company from $59.00 to $62.00 in a research report on Thursday, October 23rd. TD Cowen initiated coverage on shares of Zions Bancorporation, N.A. in a report on Thursday, September 25th. They issued a “hold” rating and a $64.00 target price on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Zions Bancorporation, N.A. in a report on Monday, December 29th. Zacks Research lowered shares of Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Morgan Stanley raised their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $61.70.

Zions Bancorporation, N.A. Stock Performance

NASDAQ ZION opened at $60.31 on Monday. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $60.85. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a market cap of $8.90 billion, a P/E ratio of 10.81, a PEG ratio of 0.95 and a beta of 0.85. The company’s 50-day simple moving average is $55.10 and its 200 day simple moving average is $54.95.

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

Zions Bancorporation, N.A. Dividend Announcement

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

Insider Activity at Zions Bancorporation, N.A.

In other news, EVP Jennifer Anne Smith sold 2,458 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $53.11, for a total transaction of $130,544.38. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.77% of the stock is owned by company insiders.

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

Several institutional investors have recently modified their holdings of ZION. Traub Capital Management LLC acquired a new position in Zions Bancorporation, N.A. in the second quarter valued at approximately $31,000. Assetmark Inc. raised its position in shares of Zions Bancorporation, N.A. by 75.3% during the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after acquiring an additional 289 shares during the last quarter. Community Bank N.A. bought a new stake in shares of Zions Bancorporation, N.A. during the 3rd quarter valued at $36,000. Steph & Co. acquired a new position in shares of Zions Bancorporation, N.A. in the 3rd quarter valued at $37,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Zions Bancorporation, N.A. in the 3rd quarter worth $37,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Company Profile

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.