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

Robert W. Baird upgraded shares of Zions Bancorporation, N.A. (NASDAQ:ZION) from a neutral rating to an outperform rating in a research report released on Monday, MarketBeat.com reports. They currently have $65.00 price target on the bank’s stock.

Other research analysts have also recently issued research reports about the company. Morgan Stanley raised Zions Bancorporation, N.A. from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $70.00 to $75.00 in a research note on Monday, March 2nd. JPMorgan Chase & Co. increased their price objective on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, December 16th. Royal Bank Of Canada boosted their target price on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 21st. TD Cowen increased their price target on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “hold” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings upgraded shares of Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $63.58.

Zions Bancorporation, N.A. Trading Up 0.1%

Shares of Zions Bancorporation, N.A. stock opened at $55.78 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.86 and a quick ratio of 0.85. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $66.18. The firm has a market cap of $8.25 billion, a PE ratio of 9.30 and a beta of 0.83. The company has a 50 day simple moving average of $60.19 and a two-hundred day simple moving average of $57.02.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were issued a $0.45 dividend. The ex-dividend date was Thursday, February 12th. This represents a $1.80 annualized dividend and a dividend yield of 3.2%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 30.00%.

Insider Buying and Selling

In other news, CEO Harris H. Simmons purchased 4,500 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were acquired at an average price of $59.03 per share, with a total value of $265,635.00. Following the acquisition, the chief executive officer directly owned 1,317,493 shares in the company, valued at approximately $77,771,611.79. The trade was a 0.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Steven Dan Stephens sold 15,476 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $65.90, for a total transaction of $1,019,868.40. Following the completion of the transaction, the executive vice president owned 41,127 shares in the company, valued at $2,710,269.30. The trade was a 27.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 55,581 shares of company stock valued at $3,498,774 over the last quarter. Company insiders own 1.77% of the company’s stock.

Institutional Trading of Zions Bancorporation, N.A.

A number of institutional investors have recently modified their holdings of ZION. Traub Capital Management LLC purchased a new position in Zions Bancorporation, N.A. during the 2nd quarter valued at about $31,000. Torren Management LLC purchased a new stake in Zions Bancorporation, N.A. in the 4th quarter worth approximately $32,000. Leonteq Securities AG bought a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter worth approximately $32,000. Assetmark Inc. grew its position 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 during the last quarter. Finally, Community Bank N.A. bought a new stake in Zions Bancorporation, N.A. in the third quarter valued at $36,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

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.