UBS Group Cuts Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $45.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price reduced by UBS Group from $47.00 to $45.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the bank’s stock.

Several other equities research analysts have also recently commented on ZION. Wedbush cut their price objective on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a neutral rating on the stock in a research report on Tuesday, January 23rd. Compass Point reissued a neutral rating on shares of Zions Bancorporation, National Association in a research report on Monday, January 8th. Robert W. Baird cut their price target on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a neutral rating on the stock in a research report on Tuesday, January 23rd. Evercore ISI boosted their price target on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Finally, Stephens boosted their price target 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. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $43.16.

Zions Bancorporation, National Association Trading Up 1.2 %

Shares of NASDAQ ZION opened at $41.76 on Tuesday. The company’s fifty day moving average is $40.88 and its 200-day moving average is $39.35. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 10.49 and a beta of 1.13. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.04). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same period in the prior year, the firm posted $1.33 earnings per share. Equities research analysts predict that Zions Bancorporation, National Association will post 4.3 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 16th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.93%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is currently 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Steven Dan Stephens sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the completion of the sale, the executive vice president now owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the transaction, the executive vice president now owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Harris H. Simmons purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the chief executive officer now owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The disclosure for this purchase can be found here. Insiders sold 13,929 shares of company stock valued at $563,778 in the last quarter. Company insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Securian Asset Management Inc. increased its position in shares of Zions Bancorporation, National Association by 30.3% during the first quarter. Securian Asset Management Inc. now owns 12,183 shares of the bank’s stock worth $529,000 after buying an additional 2,836 shares during the period. Yousif Capital Management LLC grew its holdings in Zions Bancorporation, National Association by 173.7% in the first quarter. Yousif Capital Management LLC now owns 71,612 shares of the bank’s stock worth $3,108,000 after purchasing an additional 45,451 shares during the period. Clear Creek Financial Management LLC acquired a new stake in Zions Bancorporation, National Association in the first quarter worth $613,000. New York State Teachers Retirement System grew its holdings in Zions Bancorporation, National Association by 10.3% in the first quarter. New York State Teachers Retirement System now owns 189,151 shares of the bank’s stock worth $8,209,000 after purchasing an additional 17,629 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Zions Bancorporation, National Association by 85.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,990 shares of the bank’s stock worth $2,690,000 after purchasing an additional 28,501 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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.