Zions Bancorporation, N.A. (NASDAQ:ZION) Receives Consensus Rating of “Hold” from Analysts

Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) have earned a consensus rating of “Hold” from the twenty-two ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $61.1579.

A number of equities research analysts have issued reports on the company. Baird R W upgraded Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Weiss Ratings downgraded shares of Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. UBS Group decreased their target price on shares of Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Morgan Stanley lifted their price target on Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, Zacks Research downgraded Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th.

Insiders Place Their Bets

In related news, EVP Jennifer Anne Smith sold 2,458 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $53.11, for a total value of $130,544.38. Following the completion of the transaction, the executive vice president owned 27,133 shares in the company, valued at $1,441,033.63. This represents a 8.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Traub Capital Management LLC acquired a new stake in Zions Bancorporation, N.A. in the second quarter worth approximately $31,000. Assetmark Inc. raised its stake in shares of Zions Bancorporation, N.A. by 75.3% in the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after buying an additional 289 shares in the last quarter. Community Bank N.A. acquired a new stake in shares of Zions Bancorporation, N.A. in the third quarter valued at $36,000. Steph & Co. bought a new position in Zions Bancorporation, N.A. during the third quarter valued at about $37,000. Finally, Salomon & Ludwin LLC acquired a new position in Zions Bancorporation, N.A. during the third quarter worth about $37,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ:ZION opened at $59.62 on Monday. 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 firm has a 50-day simple moving average of $56.53 and a 200 day simple moving average of $55.49. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $61.57. The company has a market cap of $8.80 billion, a PE ratio of 10.68, a P/E/G ratio of 1.29 and a beta of 0.85.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings results on Monday, October 20th. The bank reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.29. Zions Bancorporation, N.A. had a return on equity of 13.56% and a net margin of 17.22%.The business had revenue of $872.00 million for the quarter, compared to analysts’ expectations of $842.68 million. During the same period in the prior year, the firm earned $1.37 EPS. On average, sell-side analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued 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 of this dividend was Thursday, November 13th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 32.26%.

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.