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

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have earned an average rating of “Hold” from the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $43.00.

Several research analysts have issued reports on the company. Jefferies Financial Group dropped their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Truist Financial restated a “hold” rating and set a $46.00 target price on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Stephens increased 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. TheStreet raised shares of Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Finally, Compass Point reaffirmed a “neutral” rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th.

Zions Bancorporation, National Association Stock Down 0.6 %

Shares of Zions Bancorporation, National Association stock opened at $40.41 on Tuesday. 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 0.80 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average is $40.78 and its 200 day moving average is $38.99. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 9.29 and a beta of 1.13.

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

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 15th were issued a $0.41 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 dividend on an annualized basis and a yield of 4.06%. Zions Bancorporation, National Association’s dividend payout ratio is currently 37.70%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, VP A Scott Anderson sold 4,093 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the sale, the vice president now directly owns 14,665 shares of the company’s stock, valued at $648,926.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP A Scott Anderson sold 4,093 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the transaction, the vice president now directly owns 14,665 shares of the company’s stock, valued at $648,926.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Harris H. Simmons purchased 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average cost of $38.99 per share, for a total transaction of $140,364.00. Following the purchase, the chief executive officer now owns 1,261,866 shares of the company’s stock, valued at $49,200,155.34. The disclosure for this purchase can be found here. Insiders sold 18,022 shares of company stock valued at $744,893 in the last 90 days. Insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

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

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.