Wells Fargo & Company Issues Positive Forecast for Zions Bancorporation, National Association (NASDAQ:ZION) Stock Price

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective raised by Wells Fargo & Company from $54.00 to $62.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group reduced their target price on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, September 11th. StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods increased their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Truist Financial increased their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their price objective on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $53.59.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock opened at $59.19 on Friday. The firm has a fifty day moving average of $50.72 and a two-hundred day moving average of $47.24. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 5.27 and a beta of 1.07. Zions Bancorporation, National Association has a 52 week low of $33.66 and a 52 week high of $61.80. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $781.63 million. During the same quarter in the prior year, the company earned $1.13 EPS. As a group, equities research analysts predict that Zions Bancorporation, National Association will post 4.85 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 paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.91%. This is a positive change from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 39.18%.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 3,605 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $58.06, for a total transaction of $209,306.30. Following the transaction, the executive vice president now owns 24,714 shares of the company’s stock, valued at $1,434,894.84. The trade was a 12.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the transaction, the vice president now directly owns 35,878 shares in the company, valued at $2,182,817.52. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,228 shares of company stock valued at $519,048 in the last 90 days. 2.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Large investors have recently bought and sold shares of the business. ORG Wealth Partners LLC bought a new stake in Zions Bancorporation, National Association in the third quarter worth $28,000. ORG Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at $33,000. International Assets Investment Management LLC purchased a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at $34,000. Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at $39,000. Finally, Abich Financial Wealth Management LLC raised its stake in shares of Zions Bancorporation, National Association by 49.7% in the first quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock valued at $49,000 after acquiring an additional 372 shares during the period. 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.