Zions Bancorporation, N.A. (NASDAQ:ZION) Given Average Recommendation of “Hold” by Analysts

Zions Bancorporation, N.A. (NASDAQ:ZIONGet Free Report) has been assigned an average recommendation of “Hold” from the twenty-one brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $63.3158.

Several equities analysts have weighed in on the company. Citigroup raised their target price on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Barclays boosted their target price on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, January 5th. Weiss Ratings raised Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 3rd. Stephens lifted their price target on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Finally, Piper Sandler boosted their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st.

Get Our Latest Stock Report on Zions Bancorporation, N.A.

Insider Buying and Selling

In other Zions Bancorporation, N.A. news, VP Eric Ellingsen sold 1,519 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $61.27, for a total value of $93,069.13. Following the sale, the vice president owned 40,361 shares of the company’s stock, valued at $2,472,918.47. This trade represents a 3.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Derek Steward sold 769 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $60.46, for a total value of $46,493.74. Following the completion of the transaction, the executive vice president directly owned 14,307 shares in the company, valued at approximately $865,001.22. This represents a 5.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,302 shares of company stock valued at $3,356,517 in the last quarter. Insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Torren Management LLC bought a new stake in Zions Bancorporation, N.A. in the 4th quarter valued at $32,000. Leonteq Securities AG acquired a new stake in Zions Bancorporation, N.A. during the fourth quarter worth about $32,000. Traub Capital Management LLC acquired a new stake in Zions Bancorporation, N.A. during the second quarter worth about $31,000. Community Bank N.A. bought a new position in Zions Bancorporation, N.A. during the third quarter valued at about $36,000. Finally, Salomon & Ludwin LLC acquired a new position in Zions Bancorporation, N.A. in the 3rd quarter valued at approximately $37,000. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Stock Down 4.3%

ZION stock opened at $60.19 on Friday. The firm has a market cap of $8.89 billion, a PE ratio of 10.03 and a beta of 0.85. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $66.18. The company has a fifty day simple moving average of $59.94 and a 200 day simple moving average of $56.22. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

Zions Bancorporation, N.A. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 12th. 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 30.00%.

Key Zions Bancorporation, N.A. News

Here are the key news stories impacting Zions Bancorporation, N.A. this week:

About Zions Bancorporation, N.A.

(Get Free Report)

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.

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Analyst Recommendations for Zions Bancorporation, N.A. (NASDAQ:ZION)

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