Zions Bancorporation, National Association (NASDAQ:ZION) Upgraded at StockNews.com

StockNews.com upgraded shares of Zions Bancorporation, National Association (NASDAQ:ZION) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

A number of other equities analysts have also issued reports on ZION. UBS Group decreased their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a neutral rating for the company in a research report on Tuesday, April 23rd. Jefferies Financial Group cut their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a hold rating for the company in a report on Monday, April 8th. JPMorgan Chase & Co. upped their price target 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. Truist Financial reissued a hold rating and issued a $46.00 price target on shares of Zions Bancorporation, National Association in a report on Monday, April 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a hold rating and a $47.00 price target for the company. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of Hold and a consensus target price of $43.82.

Zions Bancorporation, National Association Trading Up 3.1 %

ZION opened at $43.37 on Friday. The stock has a market capitalization of $6.40 billion, a PE ratio of 10.90, a P/E/G ratio of 4.98 and a beta of 1.11. The firm’s fifty day moving average price is $42.47 and its 200 day moving average price is $41.95. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. Zions Bancorporation, National Association has a 12-month low of $26.69 and a 12-month high of $46.15.

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 $0.98 by ($0.02). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates 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 posted $1.33 earnings per share. As a group, research analysts expect that Zions Bancorporation, National Association will post 4.37 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th were issued a dividend of $0.41 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.78%. Zions Bancorporation, National Association’s payout ratio is presently 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the transaction, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at $968,866.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the sale, the chief executive officer now directly owns 22,181 shares in the company, valued at $968,866.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares of the company’s stock, valued at $970,911.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,296 shares of company stock valued at $319,192. 2.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several institutional investors have recently modified their holdings of ZION. Fidelis Capital Partners LLC bought a new stake in Zions Bancorporation, National Association in the 1st quarter valued at approximately $27,000. Federated Hermes Inc. increased its holdings in shares of Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after acquiring an additional 331 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Zions Bancorporation, National Association during the 4th quarter worth approximately $29,000. Quarry LP acquired a new position in shares of Zions Bancorporation, National Association during the 4th quarter worth approximately $49,000. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of Zions Bancorporation, National Association by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock worth $49,000 after acquiring an additional 372 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

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.