Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $67.00 at The Goldman Sachs Group

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price upped by The Goldman Sachs Group from $59.00 to $67.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the bank’s stock.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group lowered their price target on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. StockNews.com raised Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Robert W. Baird increased their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Finally, Compass Point boosted their price target on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association presently has an average rating of “Hold” and an average target price of $55.13.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION opened at $61.11 on Tuesday. The company has a market cap of $9.03 billion, a PE ratio of 13.92, a P/E/G ratio of 5.36 and a beta of 1.07. Zions Bancorporation, National Association has a fifty-two week low of $33.66 and a fifty-two week high of $63.22. The firm has a 50-day simple moving average of $52.11 and a 200 day simple moving average of $47.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.

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 analysts’ consensus estimates of $1.16 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $1.13 EPS. On average, sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio is 39.18%.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction 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 transaction, the executive vice president now owns 24,714 shares in the company, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of 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 sold a total of 9,375 shares of company stock valued at $527,748 in the last three months. 2.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in Zions Bancorporation, National Association during the 3rd quarter valued at $226,000. Virtu Financial LLC purchased a new position in shares of Zions Bancorporation, National Association during the third quarter valued at $583,000. TD Private Client Wealth LLC raised its position in Zions Bancorporation, National Association by 15.2% during the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock valued at $134,000 after buying an additional 375 shares during the period. Coldstream Capital Management Inc. lifted its stake in Zions Bancorporation, National Association by 9.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,802 shares of the bank’s stock worth $426,000 after acquiring an additional 768 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Zions Bancorporation, National Association by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank’s stock worth $124,592,000 after acquiring an additional 30,030 shares during the period. Hedge funds and other 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.