Zions Bancorporation, National Association (NASDAQ:ZION) Receives $60.71 Consensus Target Price from Analysts

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $60.71.

A number of equities analysts have commented on the stock. Truist Financial boosted their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. DA Davidson upped their target price on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada raised their price target on Zions Bancorporation, National Association from $61.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley upped their price target on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the business’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 in the company, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in shares of Zions Bancorporation, National Association by 14.6% during the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock worth $332,515,000 after buying an additional 896,889 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Zions Bancorporation, National Association by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank’s stock worth $264,902,000 after purchasing an additional 194,995 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Zions Bancorporation, National Association by 0.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,698,530 shares of the bank’s stock worth $146,396,000 after purchasing an additional 14,070 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Zions Bancorporation, National Association by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank’s stock worth $124,592,000 after purchasing an additional 30,030 shares during the period. Finally, Artemis Investment Management LLP raised its position in shares of Zions Bancorporation, National Association by 165.0% in the third quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank’s stock valued at $42,761,000 after buying an additional 563,889 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Price Performance

NASDAQ ZION opened at $57.26 on Monday. Zions Bancorporation, National Association has a twelve month low of $38.01 and a twelve month high of $63.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $8.46 billion, a PE ratio of 11.57, a P/E/G ratio of 1.74 and a beta of 1.11. The stock has a 50-day simple moving average of $56.64 and a 200 day simple moving average of $52.75.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The firm had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. During the same quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts anticipate that Zions Bancorporation, National Association will post 5.26 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.00%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 34.75%.

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.