Brokerages Set Zions Bancorporation, National Association (NASDAQ:ZION) Target Price at $58.25

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have received an average recommendation of “Hold” from the eighteen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $58.25.

Several equities analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Compass Point raised their price objective on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Wells Fargo & Company raised their price objective on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Barclays upped their price target on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Finally, Robert W. Baird raised their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Insider Transactions at Zions Bancorporation, National Association

In related news, VP Eric Ellingsen sold 1,238 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,881 shares of company stock valued at $1,108,184 over the last three months. Corporate insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

Several hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in Zions Bancorporation, National Association during the third quarter worth approximately $583,000. Cornercap Investment Counsel Inc. purchased a new stake in Zions Bancorporation, National Association during the third quarter valued at approximately $510,000. Dimensional Fund Advisors LP raised its holdings in shares of Zions Bancorporation, National Association by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock worth $271,003,000 after buying an additional 929,251 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Zions Bancorporation, National Association by 1.9% in the third quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock worth $1,302,000 after buying an additional 506 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Zions Bancorporation, National Association by 75.0% in the second quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock worth $43,294,000 after buying an additional 433,513 shares during the period. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Down 2.8 %

Shares of Zions Bancorporation, National Association stock opened at $53.34 on Thursday. 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 has a 52-week low of $37.76 and a 52-week high of $63.22. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 5.10 and a beta of 1.12. The company’s 50 day moving average price is $57.20 and its 200-day moving average price is $51.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate 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 net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the previous year, the business posted $1.13 earnings per share. Equities research analysts forecast that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.43 dividend. The ex-dividend date was Thursday, November 14th. This is a boost 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 3.22%. Zions Bancorporation, National Association’s dividend payout ratio is 39.18%.

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.