Zions Bancorporation, N.A. (NASDAQ:ZION) Receives $61.29 Consensus Target Price from Brokerages

Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) have been assigned a consensus rating of “Hold” from the twenty-four analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $61.2857.

A number of research firms have recently commented on ZION. UBS Group lowered their target price on Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Bank of America upgraded Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $59.00 to $62.00 in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised their price objective on Zions Bancorporation, N.A. from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Evercore ISI upped their target price on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Finally, TD Cowen began coverage on shares of Zions Bancorporation, N.A. in a research note on Thursday, September 25th. They issued a “hold” rating and a $64.00 price target for the company.

Insider Buying and Selling at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 2,458 shares of Zions Bancorporation, N.A. stock in a transaction on Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the completion of the transaction, the executive vice president owned 27,133 shares in the company, valued at approximately $1,441,033.63. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

Several institutional investors and hedge funds have recently modified their holdings of ZION. Traub Capital Management LLC bought a new position in Zions Bancorporation, N.A. in the 2nd quarter worth about $31,000. Assetmark Inc. increased its stake in Zions Bancorporation, N.A. by 75.3% during the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after purchasing an additional 289 shares in the last quarter. Community Bank N.A. purchased a new position in Zions Bancorporation, N.A. in the third quarter worth about $36,000. Steph & Co. bought a new position in shares of Zions Bancorporation, N.A. in the third quarter worth approximately $37,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Zions Bancorporation, N.A. in the third quarter worth approximately $37,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION stock opened at $55.73 on Friday. The stock has a fifty day moving average of $53.07 and a 200 day moving average of $53.19. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $60.13. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 0.90 and a beta of 0.88. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings data on Monday, June 12th. The bank reported $1.32 earnings per share (EPS) for the quarter. Zions Bancorporation, N.A. had a net margin of 17.22% and a return on equity of 13.56%. The business had revenue of $705.00 million for the quarter. As a group, research analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, November 13th. Zions Bancorporation, N.A.’s payout ratio is currently 32.26%.

About Zions Bancorporation, N.A.

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.