Zions Bancorporation, National Association (NASDAQ:ZION) Receives Average Recommendation of “Hold” from Brokerages

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have been given an average recommendation of “Hold” by the twenty research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $49.17.

A number of brokerages have weighed in on ZION. Morgan Stanley raised shares of Zions Bancorporation, National Association from an “underweight” rating to an “equal weight” rating and set a $54.00 target price on the stock in a report on Monday, September 30th. Truist Financial dropped their target price on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Friday, September 20th. StockNews.com raised shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Royal Bank of Canada increased their target price on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company dropped their target price on shares of Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 21st.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at $925,528.31. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,073 shares of company stock worth $3,476,298 in the last 90 days. Corporate insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several large investors have recently made changes to their positions in ZION. Price T Rowe Associates Inc. MD boosted its position in shares of Zions Bancorporation, National Association by 103.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock valued at $7,163,000 after purchasing an additional 4,993,164 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Zions Bancorporation, National Association by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after purchasing an additional 929,251 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Zions Bancorporation, National Association by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after purchasing an additional 433,513 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Zions Bancorporation, National Association by 197.5% during the 1st quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock valued at $24,616,000 after purchasing an additional 376,549 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of Zions Bancorporation, National Association by 93.1% during the 4th quarter. Rafferty Asset Management LLC now owns 683,552 shares of the bank’s stock valued at $29,987,000 after purchasing an additional 329,550 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.9 %

ZION opened at $47.44 on Tuesday. The stock has a market capitalization of $7.01 billion, a PE ratio of 11.92, a P/E/G ratio of 2.89 and a beta of 1.09. The firm’s fifty day moving average price is $47.13 and its 200 day moving average price is $44.73. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 earnings per share. As a group, research analysts expect that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.41 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.46%. Zions Bancorporation, National Association’s dividend payout ratio is presently 41.21%.

About Zions Bancorporation, National Association

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.