Zions Bancorporation, N.A. (NASDAQ:ZION) Coverage Initiated by Analysts at Brean Capital

Brean Capital assumed coverage on shares of Zions Bancorporation, N.A. (NASDAQ:ZION) in a research note issued to investors on Thursday morning. The brokerage issued a neutral rating on the bank’s stock.

A number of other equities research analysts have also weighed in on ZION. Evercore boosted their price objective 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. Weiss Ratings raised Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 3rd. TD Cowen boosted their price target on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. Royal Bank Of Canada upped 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. Finally, Citigroup raised their price objective on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.58.

Zions Bancorporation, N.A. Trading Down 1.1%

Shares of Zions Bancorporation, N.A. stock opened at $54.24 on Thursday. The firm has a market capitalization of $8.02 billion, a PE ratio of 9.04 and a beta of 0.83. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The firm’s 50 day moving average is $59.96 and its 200 day moving average is $56.99. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $66.18.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 12th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, February 12th. Zions Bancorporation, N.A.’s payout ratio is currently 30.00%.

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

In other Zions Bancorporation, N.A. news, VP Eric Ellingsen sold 1,519 shares of the stock in a transaction that occurred on 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 owned 40,361 shares of the company’s stock, valued at approximately $2,472,918.47. This represents a 3.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Dan Stephens sold 15,476 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $65.90, for a total transaction of $1,019,868.40. Following the transaction, the executive vice president owned 41,127 shares of the company’s stock, valued at approximately $2,710,269.30. The trade was a 27.34% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 55,581 shares of company stock worth $3,498,774. Company insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, N.A.

Institutional investors have recently bought and sold shares of the company. Torren Management LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 4th quarter valued at about $32,000. Leonteq Securities AG acquired a new stake in Zions Bancorporation, N.A. during the fourth quarter worth approximately $32,000. Traub Capital Management LLC bought a new stake in Zions Bancorporation, N.A. in the second quarter worth approximately $31,000. Atlas Capital Advisors Inc. acquired a new position in Zions Bancorporation, N.A. in the fourth quarter valued at approximately $36,000. Finally, Community Bank N.A. acquired a new position in Zions Bancorporation, N.A. in the third quarter valued at approximately $36,000. Institutional investors 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.