Zions Bancorporation, N.A. (NASDAQ:ZION) Price Target Raised to $67.00

Zions Bancorporation, N.A. (NASDAQ:ZION) had its target price upped by JPMorgan Chase & Co. from $62.00 to $67.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the bank’s stock.

Other equities research analysts also recently issued reports about the company. Robert W. Baird increased their price target on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday. Brean Capital began coverage on Zions Bancorporation, N.A. in a report on Thursday, March 12th. They issued a “neutral” rating for the company. TD Cowen increased their price target on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. Royal Bank Of Canada increased their price target on Zions Bancorporation, N.A. from $64.00 to $68.00 and gave the stock a “sector perform” rating in a report on Tuesday. Finally, Weiss Ratings upgraded Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.94.

Zions Bancorporation, N.A. Trading Up 1.1%

NASDAQ:ZION opened at $62.63 on Tuesday. Zions Bancorporation, N.A. has a 1-year low of $43.64 and a 1-year high of $66.18. The business’s 50-day moving average price is $58.55 and its two-hundred day moving average price is $57.20. The company has a current ratio of 0.83, a quick ratio of 0.85 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 2.05 and a beta of 0.81.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its earnings results on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.13. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.The firm had revenue of $849.00 million for the quarter, compared to analyst estimates of $853.73 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share. On average, equities analysts expect that Zions Bancorporation, N.A. will post 6.37 earnings per share for the current year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio is 27.99%.

Insider Buying and Selling

In other news, CEO Harris H. Simmons acquired 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average cost of $59.03 per share, for a total transaction of $265,635.00. Following the completion of the acquisition, the chief executive officer owned 1,317,493 shares in the company, valued at $77,771,611.79. This represents a 0.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Dan Stephens sold 15,476 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $65.90, for a total value of $1,019,868.40. Following the transaction, the executive vice president owned 41,127 shares of the company’s stock, valued at approximately $2,710,269.30. The trade was a 27.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 55,581 shares of company stock valued at $3,498,774. 1.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ZION. Torren Management LLC bought a new position in shares of Zions Bancorporation, N.A. during the fourth quarter worth about $32,000. Leonteq Securities AG bought a new position in shares of Zions Bancorporation, N.A. during the fourth quarter worth about $32,000. Community Bank N.A. bought a new position in shares of Zions Bancorporation, N.A. during the third quarter worth about $36,000. Atlas Capital Advisors Inc. bought a new position in shares of Zions Bancorporation, N.A. during the fourth quarter worth about $36,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Zions Bancorporation, N.A. during the third quarter worth about $37,000. 76.84% of the stock is currently owned by institutional investors.

Trending Headlines about Zions Bancorporation, N.A.

Here are the key news stories impacting Zions Bancorporation, N.A. this week:

• Positive Sentiment: DA Davidson raised its price target to $78 and kept a buy rating, signaling a sizable upside view and driving buying interest. DA Davidson raises PT to $78
• Positive Sentiment: Royal Bank of Canada lifted its price target to $68, reflecting increased conviction in ZION’s outlook. Royal Bank Of Canada Raises Zions Bancorporation, N.A. Price Target to $68.00
• Positive Sentiment: TD Cowen boosted its price target to $65, adding to the wave of analyst upgrades supporting the stock. TD Cowen Boosts Zions Bancorporation, N.A. Price Target to $65.00
• Positive Sentiment: JPMorgan published a bullish forecast for strong price appreciation in ZION, reinforcing institutional confidence. JPMorgan Forecasts Strong Price Appreciation for Zions
• Positive Sentiment: Robert W. Baird said ZION’s stock price is expected to rise, adding another favorable analyst voice. Robert W. Baird Analyst Says ZION Expected to Rise
• Positive Sentiment: Two Zacks pieces highlight ZION as both a top momentum and a top value stock for longer-term investors, supporting buy-side interest from style-focused funds. Why Zions (ZION) is a Top Momentum Stock for the Long-Term Why Zions (ZION) is a Top Value Stock for the Long-Term
• Neutral Sentiment: Citigroup raised its price target to $66 but maintained a neutral rating, a mixed signal that tempers upside expectations. Citigroup raises PT to $66
• Neutral Sentiment: Barclays increased its target to $72 yet kept an underweight stance—higher target but cautious rating introduces some analyst disagreement. Barclays raises PT to $72 (underweight)

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.