Zions Bancorporation, National Association (NASDAQ:ZION) Receives $43.16 Consensus PT from Analysts

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have earned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $43.16.

ZION has been the subject of several research analyst reports. Robert W. Baird cut their target price 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. Evercore ISI lifted their price objective on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Stephens lifted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Finally, UBS Group cut their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 23rd.

Insider Transactions at Zions Bancorporation, National Association

In related news, CEO Harris H. Simmons bought 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the transaction, the chief executive officer now owns 1,312,987 shares in the company, valued at $50,602,518.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Harris H. Simmons bought 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the transaction, the chief executive officer now owns 1,312,987 shares in the company, valued at $50,602,518.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $40.81, for a total transaction of $306,075.00. Following the sale, the executive vice president now directly owns 44,056 shares in the company, valued at approximately $1,797,925.36. The disclosure for this sale can be found here. Insiders have sold a total of 19,888 shares of company stock valued at $827,655 in the last 90 days. Insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

Institutional investors and hedge funds have recently bought and sold shares of the business. Deutsche Bank AG lifted its stake in Zions Bancorporation, National Association by 22.1% during the 3rd quarter. Deutsche Bank AG now owns 389,686 shares of the bank’s stock valued at $13,596,000 after acquiring an additional 70,461 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Zions Bancorporation, National Association by 55.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock valued at $2,644,000 after acquiring an additional 21,551 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in Zions Bancorporation, National Association by 119.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock valued at $101,396,000 after acquiring an additional 1,259,571 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Zions Bancorporation, National Association during the 4th quarter valued at approximately $1,268,000. Finally, Nordea Investment Management AB lifted its stake in Zions Bancorporation, National Association by 55.2% during the 4th quarter. Nordea Investment Management AB now owns 264,384 shares of the bank’s stock valued at $11,678,000 after acquiring an additional 94,077 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION opened at $44.13 on Friday. The firm has a fifty day moving average price of $41.43 and a 200-day moving average price of $39.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $6.51 billion, a PE ratio of 11.09 and a beta of 1.13. Zions Bancorporation, National Association has a 1 year low of $21.96 and a 1 year high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same period last year, the company earned $1.33 earnings per share. Equities analysts anticipate that Zions Bancorporation, National Association will post 4.38 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Wednesday, May 15th. Zions Bancorporation, National Association’s payout ratio is currently 41.21%.

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.