Analysts Set Zions Bancorporation, National Association (NASDAQ:ZION) Price Target at $42.72

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have been given an average rating of “Hold” by the nineteen analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $43.00.

Several research analysts recently issued reports on ZION shares. Barclays lifted their target price on Zions Bancorporation, National Association from $35.00 to $47.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Zions Bancorporation, National Association in a research note on Wednesday, April 10th. They issued a “hold” rating and a $47.00 target price for the company. Evercore ISI raised their price target on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Robert W. Baird decreased their price objective on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Finally, Stephens lifted their target price on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 23rd.

Insiders Place Their Bets

In related news, CEO Harris H. Simmons acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the chief executive officer now owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Harris H. Simmons acquired 4,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the chief executive officer now owns 1,312,987 shares in the company, valued at $50,602,518.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP A Scott Anderson sold 4,093 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $44.25, for a total transaction of $181,115.25. Following the completion of the sale, the vice president now owns 14,665 shares in the company, valued at $648,926.25. The disclosure for this sale can be found here. Insiders have sold a total of 18,022 shares of company stock worth $744,893 over the last 90 days. Corporate insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its position in shares of Zions Bancorporation, National Association by 628.2% during the 2nd quarter. IFP Advisors Inc now owns 954 shares of the bank’s stock valued at $26,000 after acquiring an additional 823 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Zions Bancorporation, National Association during the third quarter valued at approximately $27,000. Federated Hermes Inc. grew its stake in Zions Bancorporation, National Association by 105.4% in the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after buying an additional 331 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Zions Bancorporation, National Association in the 4th quarter worth $29,000. Finally, Quarry LP purchased a new stake in shares of Zions Bancorporation, National Association during the 4th quarter valued at $49,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $40.41 on Tuesday. The company has a market cap of $5.96 billion, a P/E ratio of 9.29 and a beta of 1.13. The company has a fifty day simple moving average of $40.78 and a 200 day simple moving average of $38.99. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. Zions Bancorporation, National Association has a 12-month low of $18.26 and a 12-month high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $754.81 million. Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. During the same period in the previous year, the firm earned $1.84 earnings per share. Sell-side analysts predict that Zions Bancorporation, National Association will post 4.27 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.06%. The ex-dividend date was Wednesday, February 14th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 37.70%.

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.