Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Cut to $54.00 by Analysts at JPMorgan Chase & Co.

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price reduced by JPMorgan Chase & Co. from $58.00 to $54.00 in a report released on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the bank’s stock.

ZION has been the topic of a number of other research reports. Keefe, Bruyette & Woods lifted their target price on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a market perform rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group upped their target price on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the company a neutral rating in a research report on Tuesday, July 23rd. Evercore ISI dropped their price target on shares of Zions Bancorporation, National Association from $58.00 to $56.00 and set an outperform rating for the company in a research report on Wednesday, October 2nd. Argus lowered shares of Zions Bancorporation, National Association from a buy rating to a hold rating in a report on Thursday, July 25th. 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 for the company in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of Hold and a consensus target price of $49.28.

Zions Bancorporation, National Association Stock Up 3.5 %

Shares of ZION opened at $49.97 on Wednesday. The stock has a fifty day simple moving average of $47.02 and a two-hundred day simple moving average of $44.89. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $7.38 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 1.80 and a beta of 1.09. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. The business had revenue of $776.00 million during 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 business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 EPS. As a group, equities analysts forecast that Zions Bancorporation, National Association will post 4.53 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.28%. Zions Bancorporation, National Association’s payout ratio is 39.52%.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the sale, the president now owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,073 shares of company stock valued at $3,476,298 over the last 90 days. 2.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several large investors have recently bought and sold shares of the stock. ORG Wealth Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter valued at about $28,000. Fidelis Capital Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the 1st quarter valued at $27,000. ORG Partners LLC purchased a new stake in Zions Bancorporation, National Association in the 2nd quarter valued at $33,000. International Assets Investment Management LLC acquired a new stake in Zions Bancorporation, National Association during the 2nd quarter worth $34,000. Finally, Rothschild Investment LLC purchased a new position in Zions Bancorporation, National Association during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Company Profile

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.