Zions Bancorporation, National Association (NASDAQ:ZION) Upgraded by Wolfe Research to Hold

Wolfe Research upgraded shares of Zions Bancorporation, National Association (NASDAQ:ZION) to a hold rating in a report published on Wednesday morning, Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Stephens raised their target price on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an equal weight rating in a research note on Tuesday, July 23rd. Wells Fargo & Company reduced their price target on shares of Zions Bancorporation, National Association from $52.00 to $50.00 and set an equal weight rating on the stock in a research report on Wednesday, August 21st. Jefferies Financial Group reduced their price target on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a hold rating on the stock in a research report on Wednesday, September 11th. Robert W. Baird increased their price target on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a neutral rating in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Zions Bancorporation, National Association from $47.00 to $54.00 and gave the company a neutral rating in a research report on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $48.72.

Zions Bancorporation, National Association Trading Down 0.9 %

Shares of Zions Bancorporation, National Association stock opened at $47.99 on Wednesday. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 2.83 and a beta of 1.09. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $48.00 and its 200-day moving average price is $44.24.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. The business had revenue of $776.00 million for the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. Zions Bancorporation, National Association’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. On average, equities analysts expect that Zions Bancorporation, National Association will post 4.52 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed 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. This represents a $1.64 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Scott J. Mclean sold 60,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the completion of the transaction, the president now directly owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. The disclosure for this sale can be found here. Insiders sold a total of 67,073 shares of company stock valued at $3,476,298 in the last quarter. 2.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of large investors have recently made changes to their positions in ZION. Price T Rowe Associates Inc. MD grew its stake in shares of Zions Bancorporation, National Association by 103.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock valued at $7,163,000 after purchasing an additional 4,993,164 shares during the period. Norges Bank bought a new position in shares of Zions Bancorporation, National Association during the 4th quarter valued at approximately $67,694,000. Dimensional Fund Advisors LP grew its stake in shares of Zions Bancorporation, National Association by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after acquiring an additional 929,251 shares during the period. AQR Capital Management LLC grew its stake in shares of Zions Bancorporation, National Association by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after acquiring an additional 433,513 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Zions Bancorporation, National Association by 197.5% during the 1st quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock valued at $24,616,000 after acquiring an additional 376,549 shares during the period. 76.84% of the stock is currently owned by institutional investors.

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.