Zions Bancorporation, National Association (NASDAQ:ZION) PT Raised to $52.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective raised by Barclays from $47.00 to $52.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an underweight rating on the bank’s stock.

A number of other brokerages also recently weighed in on ZION. Wedbush lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Compass Point boosted their target price on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Argus downgraded Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group raised their price objective on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.82.

Zions Bancorporation, National Association Stock Down 1.6 %

Shares of NASDAQ ZION opened at $51.34 on Tuesday. The company’s 50 day moving average price is $48.07 and its 200-day moving average price is $45.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.84 and a current ratio of 0.78. Zions Bancorporation, National Association has a 52-week low of $28.98 and a 52-week high of $53.32. The company has a market capitalization of $7.58 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $781.63 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share. Equities analysts forecast that Zions Bancorporation, National Association will post 4.6 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Insider Buying and Selling

In other news, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the sale, the vice president now directly owns 17,857 shares in the company, valued at $925,528.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of hedge funds have recently modified their holdings of ZION. Fidelis Capital Partners LLC bought a new position in Zions Bancorporation, National Association during the first quarter valued at $27,000. ORG Wealth Partners LLC bought a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth $28,000. ORG Partners LLC purchased a new stake in Zions Bancorporation, National Association in the 2nd quarter worth about $33,000. International Assets Investment Management LLC purchased a new stake in Zions Bancorporation, National Association in the 2nd quarter worth about $34,000. Finally, Rothschild Investment LLC bought a new stake in Zions Bancorporation, National Association in the 2nd quarter valued at about $39,000. Institutional investors own 76.84% of the company’s stock.

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.