Zions Bancorporation, National Association (NASDAQ:ZION) PT Raised to $59.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target boosted by The Goldman Sachs Group from $52.00 to $59.00 in a report published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the bank’s stock.

A number of other brokerages have also commented on ZION. Evercore ISI decreased their price target on shares of Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Royal Bank of Canada increased their price target on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price target on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday. Compass Point increased their price target on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Truist Financial decreased their price target 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. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.82.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock opened at $52.18 on Tuesday. The firm’s 50 day simple moving average is $47.97 and its 200 day simple moving average is $45.42. The company has a current ratio of 0.78, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $7.71 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. Zions Bancorporation, National Association has a 1-year low of $28.90 and a 1-year high of $53.32.

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

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 annualized dividend and a yield of 3.14%. Zions Bancorporation, National Association’s payout ratio is currently 37.36%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction on 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 sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Institutional investors and hedge funds have recently modified their holdings of the stock. Fidelis Capital Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 1st quarter worth about $27,000. ORG Wealth Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter worth about $28,000. ORG Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth about $33,000. International Assets Investment Management LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth about $34,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth about $39,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.