Brokerages Set Zions Bancorporation, National Association (NASDAQ:ZION) Price Target at $55.88

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have received a consensus rating of “Hold” from the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $57.06.

Several equities research analysts have recently issued reports on the company. Barclays lifted their target price on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upped their price objective on Zions Bancorporation, National Association from $59.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Evercore ISI raised their target price 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, October 30th. Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. Finally, Morgan Stanley lifted their price objective on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now owns 24,714 shares of the company’s stock, valued at $1,321,210.44. The trade was a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,881 shares of company stock valued at $1,108,184. Corporate insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

Several large investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in Zions Bancorporation, National Association by 13.6% in the third quarter. Franklin Resources Inc. now owns 203,567 shares of the bank’s stock valued at $10,195,000 after acquiring an additional 24,414 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Zions Bancorporation, National Association in the 3rd quarter valued at $226,000. Virtu Financial LLC purchased a new stake in Zions Bancorporation, National Association during the third quarter worth $583,000. TD Private Client Wealth LLC boosted its holdings 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 worth $134,000 after buying an additional 375 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Zions Bancorporation, National Association by 9.6% during the third quarter. Coldstream Capital Management Inc. now owns 8,802 shares of the bank’s stock valued at $426,000 after buying an additional 768 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Down 2.5 %

Shares of ZION opened at $56.22 on Friday. The business’s 50 day moving average is $56.00 and its 200 day moving average is $49.54. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a 12-month low of $37.76 and a 12-month high of $63.22. The company has a market capitalization of $8.30 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 5.10 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued 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 firm had revenue of $1.28 billion during 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 business earned $1.13 earnings per share. Research analysts expect that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.43 dividend. 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. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.06%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 39.18%.

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.