Zions Bancorporation, N.A. (NASDAQ:ZION) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Zions Bancorporation, N.A. (NASDAQ:ZION) from a neutral rating to an outperform rating in a report released on Monday, Marketbeat Ratings reports. They currently have $65.00 target price on the bank’s stock.

Several other analysts have also weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 21st. Morgan Stanley upgraded shares of Zions Bancorporation, N.A. from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $70.00 to $75.00 in a research report on Monday, March 2nd. TD Cowen lifted their price target on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Truist Financial boosted their price objective on shares of Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Finally, Barclays raised their target price on shares of Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Zions Bancorporation, N.A. presently has an average rating of “Hold” and a consensus price target of $63.58.

Zions Bancorporation, N.A. Trading Down 1.0%

NASDAQ:ZION opened at $54.85 on Monday. The company has a market cap of $8.11 billion, a PE ratio of 9.14 and a beta of 0.83. The business’s 50 day moving average is $60.05 and its two-hundred day moving average is $57.01. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.64. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $66.18.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 12th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 30.00%.

Insider Transactions at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Steven Dan Stephens sold 15,476 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $65.90, for a total transaction of $1,019,868.40. Following the completion of the transaction, the executive vice president directly owned 41,127 shares of the company’s stock, valued at $2,710,269.30. The trade was a 27.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Harris H. Simmons bought 4,500 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average price of $59.03 per share, with a total value of $265,635.00. Following the transaction, the chief executive officer owned 1,317,493 shares in the company, valued at $77,771,611.79. The trade was a 0.34% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 55,581 shares of company stock worth $3,498,774 over the last 90 days. Corporate insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, N.A.

Several hedge funds have recently added to or reduced their stakes in ZION. Vanguard Group Inc. grew its stake in shares of Zions Bancorporation, N.A. by 3.1% in the second quarter. Vanguard Group Inc. now owns 19,308,327 shares of the bank’s stock worth $1,002,875,000 after purchasing an additional 582,392 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Zions Bancorporation, N.A. by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,420,688 shares of the bank’s stock valued at $434,407,000 after purchasing an additional 77,612 shares in the last quarter. LSV Asset Management lifted its holdings in Zions Bancorporation, N.A. by 4.5% in the second quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock worth $205,689,000 after purchasing an additional 169,085 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in Zions Bancorporation, N.A. by 14.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,244,014 shares of the bank’s stock worth $183,546,000 after purchasing an additional 409,065 shares during the period. Finally, Morgan Stanley grew its position in Zions Bancorporation, N.A. by 10.8% in the 4th quarter. Morgan Stanley now owns 3,151,319 shares of the bank’s stock valued at $184,478,000 after buying an additional 306,717 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.