Zions Bancorporation, National Association (NASDAQ:ZION) Given Consensus Rating of “Hold” by Brokerages

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have received a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $43.82.

ZION has been the topic of a number of recent research reports. Evercore ISI lifted their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. StockNews.com downgraded Zions Bancorporation, National Association from a “hold” rating to a “sell” rating in a research report on Saturday, June 8th. JPMorgan Chase & Co. boosted their price target on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Jefferies Financial Group lowered their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They set a “hold” rating and a $47.00 price target on the stock.

Insider Activity at Zions Bancorporation, National Association

In related news, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the sale, the chief executive officer now directly owns 22,181 shares in the company, valued at $968,866.08. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now directly owns 22,238 shares in the company, valued at $970,911.08. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the transaction, the chief executive officer now owns 22,181 shares of the company’s stock, valued at $968,866.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,296 shares of company stock worth $319,192. Company insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ZION. Price T Rowe Associates Inc. MD raised its position in Zions Bancorporation, National Association by 103.4% during the first 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. Norges Bank acquired a new position in Zions Bancorporation, National Association during the fourth quarter valued at approximately $67,694,000. Vaughan Nelson Investment Management L.P. raised its position in Zions Bancorporation, National Association by 119.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock valued at $101,396,000 after purchasing an additional 1,259,571 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Zions Bancorporation, National Association by 22.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank’s stock valued at $220,077,000 after purchasing an additional 927,899 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in Zions Bancorporation, National Association during the third quarter valued at approximately $28,113,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Performance

ZION opened at $41.25 on Friday. The business’s 50-day moving average price is $42.20 and its two-hundred day moving average price is $41.81. Zions Bancorporation, National Association has a 1 year low of $26.35 and a 1 year high of $46.15. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 4.73 and a beta of 1.11. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same period in the prior year, the firm posted $1.33 EPS. Equities analysts expect that Zions Bancorporation, National Association will post 4.37 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Wednesday, May 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 41.21%.

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.