Zions Bancorporation, N.A. (NASDAQ:ZION) Downgraded to Neutral Rating by Robert W. Baird

Robert W. Baird lowered shares of Zions Bancorporation, N.A. (NASDAQ:ZION) from an outperform rating to a neutral rating in a report issued on Monday, MarketBeat Ratings reports. The firm currently has $65.00 price target on the bank’s stock.

ZION has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Barclays boosted their price objective on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a research note on Monday, January 5th. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and raised their target price for the company from $55.00 to $60.00 in a research report on Wednesday, November 19th. Evercore boosted their price target on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada increased their price objective on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.32.

Zions Bancorporation, N.A. Trading Down 0.2%

Shares of ZION stock opened at $65.16 on Monday. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $66.18. The company has a market cap of $9.62 billion, a price-to-earnings ratio of 10.86 and a beta of 0.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a 50 day simple moving average of $59.49 and a 200-day simple moving average of $56.08.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio is presently 30.00%.

Insider Buying and Selling at Zions Bancorporation, N.A.

In other news, EVP Derek Steward sold 769 shares of Zions Bancorporation, N.A. stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $60.46, for a total transaction of $46,493.74. Following the transaction, the executive vice president owned 14,307 shares in the company, valued at $865,001.22. The trade was a 5.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric Ellingsen sold 1,519 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $61.27, for a total transaction of $93,069.13. Following the completion of the sale, the vice president directly owned 40,361 shares of the company’s stock, valued at $2,472,918.47. This represents a 3.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 53,302 shares of company stock worth $3,356,517. Corporate insiders own 1.77% of the company’s stock.

Institutional Trading of Zions Bancorporation, N.A.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Zions Bancorporation, N.A. by 17.1% in the fourth quarter. Signaturefd LLC now owns 1,192 shares of the bank’s stock valued at $70,000 after acquiring an additional 174 shares during the last quarter. DAVENPORT & Co LLC raised its position in Zions Bancorporation, N.A. by 2.7% in the third quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock valued at $424,000 after purchasing an additional 200 shares during the period. Alta Capital Management LLC lifted its stake in shares of Zions Bancorporation, N.A. by 0.7% in the 4th quarter. Alta Capital Management LLC now owns 27,838 shares of the bank’s stock valued at $1,630,000 after purchasing an additional 203 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Zions Bancorporation, N.A. by 7.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank’s stock worth $152,000 after purchasing an additional 206 shares during the period. Finally, GAMMA Investing LLC increased 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. 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.