Zions Bancorporation, N.A. (NASDAQ:ZION) Given Consensus Rating of “Hold” by Analysts

Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) have been given a consensus recommendation of “Hold” by the twenty ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $71.2941.

Several research analysts have commented on ZION shares. DA Davidson lifted their price target on shares of Zions Bancorporation, N.A. from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Barclays lifted their target price on shares of Zions Bancorporation, N.A. from $68.00 to $72.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. lowered shares of Zions Bancorporation, N.A. from a “neutral” rating to an “underweight” rating and set a $75.00 price target for the company. in a research report on Tuesday, July 21st. Royal Bank Of Canada lifted their price objective on Zions Bancorporation, N.A. from $74.00 to $76.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Finally, TD Cowen boosted their target price on Zions Bancorporation, N.A. from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st.

Zions Bancorporation, N.A. Stock Performance

Zions Bancorporation, N.A. stock opened at $70.58 on Friday. The firm’s fifty day moving average price is $68.22 and its 200-day moving average price is $62.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $10.38 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 1.71 and a beta of 0.81. Zions Bancorporation, N.A. has a fifty-two week low of $46.19 and a fifty-two week high of $73.34.

Zions Bancorporation, N.A. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 13th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. Zions Bancorporation, N.A.’s dividend payout ratio is presently 22.93%.

Zions Bancorporation, N.A. declared that its Board of Directors has approved a stock repurchase plan on Saturday, May 2nd that permits the company to buyback $225.00 million in shares. This buyback authorization permits the bank to purchase up to 2.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Zions Bancorporation, N.A.

In related news, EVP Scott A. Law sold 4,608 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $72.42, for a total value of $333,711.36. Following the sale, the executive vice president directly owned 32,890 shares of the company’s stock, valued at $2,381,893.80. This trade represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Derek Steward sold 894 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $69.65, for a total value of $62,267.10. Following the transaction, the executive vice president owned 17,449 shares in the company, valued at approximately $1,215,322.85. This represents a 4.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 88,787 shares of company stock worth $6,283,858. Company insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. increased its position in shares of Zions Bancorporation, N.A. by 5.2% during the first quarter. Bessemer Group Inc. now owns 3,159 shares of the bank’s stock valued at $182,000 after acquiring an additional 157 shares in the last quarter. Signaturefd LLC boosted its stake in Zions Bancorporation, N.A. by 17.1% during the 4th quarter. Signaturefd LLC now owns 1,192 shares of the bank’s stock valued at $70,000 after purchasing an additional 174 shares during the last quarter. C M Bidwell & Associates Ltd. increased its holdings in shares of Zions Bancorporation, N.A. by 13.5% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the bank’s stock worth $91,000 after purchasing an additional 185 shares in the last quarter. Michels Family Financial LLC lifted its holdings in shares of Zions Bancorporation, N.A. by 1.5% during the fourth quarter. Michels Family Financial LLC now owns 12,142 shares of the bank’s stock valued at $711,000 after purchasing an additional 185 shares in the last quarter. Finally, Alta Capital Management LLC lifted its stake in Zions Bancorporation, N.A. by 0.7% during the 4th quarter. Alta Capital Management LLC now owns 27,838 shares of the bank’s stock valued at $1,630,000 after acquiring an additional 203 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

More Zions Bancorporation, N.A. News

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

• Positive Sentiment: The bank raised its quarterly dividend to $0.48 per share from $0.45, implying an annualized payout of $1.92 and a yield of approximately 2.7%. The board has also authorized a $225 million share-repurchase program, which could support per-share value. Zions Bancorporation dividend and insider transaction report
• Neutral Sentiment: Analyst opinion remains mixed. ZION has a consensus rating of Hold, with an average price target of $71.29, while some firms recently raised targets and maintained positive ratings. Institutional investors own approximately 76.8% of the stock. Zions Bancorporation analyst and institutional ownership data
• Negative Sentiment: President Scott J. McLean sold a combined 83,285 shares in transactions dated August 3–4 for roughly $5.89 million. The sales reduced his holdings substantially, including decreases of 58.73%, 20.23% and 31.30% in the reported positions. Zions executive sells approximately $5.9 million in shares
• Negative Sentiment: EVP Scott Law separately sold 4,608 shares at an average price of $72.42, worth approximately $333,711, reducing his direct ownership by 12.29%. Multiple senior-executive sales in a short period may weigh on investor sentiment, even though insider sales can also reflect diversification or personal financial planning. Zions EVP Scott Law insider sale

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.