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 report issued on Tuesday, Benzinga reports. They currently have a neutral rating on the bank’s stock.

Several other research firms have also commented on ZION. Evercore ISI upped 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. JPMorgan Chase & Co. boosted their price objective on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a neutral rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on Zions Bancorporation, National Association in a research note on Wednesday, April 10th. They set a hold rating and a $47.00 price objective for the company. Barclays boosted their price objective on Zions Bancorporation, National Association from $35.00 to $47.00 and gave the company an underweight rating in a research note on Tuesday, January 2nd. Finally, TheStreet upgraded Zions Bancorporation, National Association from a c+ rating to a b- rating in a research note on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $43.16.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION opened at $41.76 on Tuesday. Zions Bancorporation, National Association has a fifty-two week low of $18.26 and a fifty-two week high of $46.15. The business has a 50-day simple moving average of $40.88 and a two-hundred day simple moving average of $39.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.77. The firm 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 (NASDAQ:ZION) last issued its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $747.21 million. During the same period last year, the firm posted $1.33 EPS. On average, analysts expect that Zions Bancorporation, National Association will post 4.3 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

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

Insider Activity at Zions Bancorporation, National Association

In related news, VP A Scott Anderson sold 832 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $39.24, for a total transaction of $32,647.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 832 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $39.24, for a total value of $32,647.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark Richard Young sold 5,597 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $40.21, for a total value of $225,055.37. Following the completion of the sale, the vice president now directly owns 12,133 shares of the company’s stock, valued at approximately $487,867.93. The disclosure for this sale can be found here. Insiders have sold a total of 13,929 shares of company stock valued at $563,778 over the last quarter. 2.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. CVA Family Office LLC raised its position in Zions Bancorporation, National Association by 1.0% during the first quarter. CVA Family Office LLC now owns 24,783 shares of the bank’s stock valued at $1,076,000 after acquiring an additional 245 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Zions Bancorporation, National Association by 1.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 22,288 shares of the bank’s stock valued at $978,000 after purchasing an additional 286 shares during the period. Yousif Capital Management LLC grew its holdings in Zions Bancorporation, National Association by 1.2% in the fourth quarter. Yousif Capital Management LLC now owns 26,161 shares of the bank’s stock valued at $1,148,000 after purchasing an additional 310 shares during the period. Treasurer of the State of North Carolina grew its holdings in Zions Bancorporation, National Association by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock valued at $2,229,000 after purchasing an additional 330 shares during the period. Finally, Federated Hermes Inc. grew its holdings in 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 purchasing an additional 331 shares during the period. 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.