Zions Bancorporation, N.A. (NASDAQ:ZION) Receives $63.58 Average Target Price from Analysts

Zions Bancorporation, N.A. (NASDAQ:ZION) has earned a consensus recommendation of “Hold” from the twenty-two brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $63.5789.

Several equities analysts have weighed in on the stock. Robert W. Baird upgraded shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Monday. Jefferies Financial Group raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and lifted their price target for the company from $55.00 to $60.00 in a research report on Wednesday, November 19th. Piper Sandler upped their price objective on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Stephens increased their price objective on Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 21st. Finally, Evercore raised their target price on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “in-line” rating in a research note on Thursday, February 5th.

Insider Transactions at Zions Bancorporation, N.A.

In related news, CEO Harris H. Simmons bought 4,500 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were bought at an average price of $59.03 per share, with a total value of $265,635.00. Following the completion of the transaction, the chief executive officer directly owned 1,317,493 shares of the company’s stock, valued at $77,771,611.79. This represents a 0.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven Dan Stephens sold 15,476 shares of the stock in a transaction dated 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 directly owned 41,127 shares of the company’s stock, valued at approximately $2,710,269.30. This trade represents a 27.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 55,581 shares of company stock worth $3,498,774 in the last 90 days. Insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, N.A.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Zions Bancorporation, N.A. by 3.1% during the second quarter. Vanguard Group Inc. now owns 19,308,327 shares of the bank’s stock worth $1,002,875,000 after purchasing an additional 582,392 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Zions Bancorporation, N.A. by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,420,688 shares of the bank’s stock valued at $434,407,000 after buying an additional 77,612 shares in the last quarter. LSV Asset Management grew its stake in shares of Zions Bancorporation, N.A. by 4.5% in the second quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock valued at $205,689,000 after buying an additional 169,085 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Zions Bancorporation, N.A. by 14.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,244,014 shares of the bank’s stock valued at $183,546,000 after buying an additional 409,065 shares during the period. Finally, Morgan Stanley lifted its stake in Zions Bancorporation, N.A. by 10.8% during the 4th quarter. Morgan Stanley now owns 3,151,319 shares of the bank’s stock worth $184,478,000 after acquiring an additional 306,717 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Trading Down 1.1%

Shares of ZION opened at $54.24 on Tuesday. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $66.18. The stock has a market cap of $8.02 billion, a PE ratio of 9.04 and a beta of 0.83. The firm’s fifty day moving average is $59.96 and its two-hundred day moving average is $56.99. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.64.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 12th were given a dividend of $0.45 per share. 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 dividend payout ratio (DPR) is presently 30.00%.

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.