Zions Bancorporation, National Association (NASDAQ:ZION) Receives $52.82 Consensus Price Target from Analysts

Zions Bancorporation, National Association (NASDAQ:ZION) has earned a consensus recommendation of “Hold” from the nineteen research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $53.12.

Several brokerages recently weighed in on ZION. Stephens lifted their price target on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their target price on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Barclays increased their price target on shares of Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a report on Tuesday, October 22nd. Evercore ISI lifted their price objective on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Argus lowered shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

Insiders Place Their Bets

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the sale, the executive vice president now directly owns 24,714 shares in the company, valued at $1,321,210.44. This 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 is available at this link. Corporate insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Hedge funds have recently modified their holdings of the company. Avid Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association in the 3rd quarter valued at about $217,000. Easterly Investment Partners LLC lifted its holdings in Zions Bancorporation, National Association by 82.5% in the third quarter. Easterly Investment Partners LLC now owns 69,179 shares of the bank’s stock valued at $3,267,000 after acquiring an additional 31,265 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in Zions Bancorporation, National Association by 10.1% in the third quarter. Chicago Partners Investment Group LLC now owns 4,909 shares of the bank’s stock worth $255,000 after acquiring an additional 450 shares during the period. US Bancorp DE increased its stake in Zions Bancorporation, National Association by 4.1% during the third quarter. US Bancorp DE now owns 16,350 shares of the bank’s stock worth $772,000 after acquiring an additional 649 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Zions Bancorporation, National Association by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 17,158 shares of the bank’s stock valued at $810,000 after purchasing an additional 1,160 shares during the period. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Down 1.2 %

NASDAQ:ZION opened at $51.44 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.78. The company’s fifty day moving average price is $48.53 and its 200-day moving average price is $45.86. Zions Bancorporation, National Association has a 1-year low of $31.63 and a 1-year high of $53.85. The firm has a market capitalization of $7.60 billion, a P/E ratio of 11.72, a PEG ratio of 1.84 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period last year, the firm earned $1.13 EPS. As a group, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.79 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be given a dividend of $0.43 per share. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 3.34%. Zions Bancorporation, National Association’s payout ratio is presently 37.36%.

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.