Zions Bancorporation, National Association (NASDAQ:ZION) Receives Average Recommendation of “Hold” from Analysts

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have been given an average rating of “Hold” by the eighteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $59.00.

ZION has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Tuesday, January 7th. Morgan Stanley reduced their target price on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Barclays upped their price target on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an “underweight” rating in a report on Wednesday, January 22nd. Royal Bank of Canada reduced their price objective on Zions Bancorporation, National Association from $63.00 to $53.00 and set a “sector perform” rating for the company in a research note on Tuesday. Finally, Keefe, Bruyette & Woods dropped their target price on Zions Bancorporation, National Association from $65.00 to $58.00 and set a “market perform” rating on the stock in a report on Tuesday.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Steven Dan Stephens sold 10,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total value of $557,100.00. Following the completion of the transaction, the executive vice president now directly owns 45,847 shares of the company’s stock, valued at approximately $2,554,136.37. This represents a 17.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the transaction, the executive vice president now owns 29,313 shares in the company, valued at $1,655,305.11. The trade was a 43.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,029 shares of company stock valued at $1,855,321 over the last quarter. 2.22% of the stock is currently owned by insiders.

Institutional Trading of Zions Bancorporation, National Association

Several large investors have recently bought and sold shares of ZION. Curat Global LLC acquired a new position in shares of Zions Bancorporation, National Association during the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in Zions Bancorporation, National Association by 51.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after buying an additional 183 shares in the last quarter. Covestor Ltd increased its stake in shares of Zions Bancorporation, National Association by 128.1% in the 4th quarter. Covestor Ltd now owns 853 shares of the bank’s stock worth $46,000 after acquiring an additional 479 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Zions Bancorporation, National Association by 120.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock worth $49,000 after acquiring an additional 493 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Zions Bancorporation, National Association during the 1st quarter valued at about $50,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Trading Down 0.9 %

Shares of Zions Bancorporation, National Association stock opened at $44.84 on Friday. The firm’s 50 day simple moving average is $48.02 and its two-hundred day simple moving average is $53.27. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.61 and a beta of 0.92. Zions Bancorporation, National Association has a 12-month low of $39.32 and a 12-month high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The company had revenue of $795.00 million during the quarter, compared to analyst estimates of $792.49 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. During the same quarter last year, the business posted $0.96 EPS. Analysts predict that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association announced that its board has approved a stock buyback program on Monday, February 24th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the bank to repurchase up to 0.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Thursday, February 13th. Zions Bancorporation, National Association’s dividend payout ratio is presently 33.59%.

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.