Zions Bancorporation, National Association (NASDAQ:ZION) Given Consensus Recommendation of “Reduce” by Analysts

Zions Bancorporation, National Association (NASDAQ:ZION) has been assigned an average recommendation of “Reduce” from the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $48.06.

Several equities analysts have recently commented on the company. Jefferies Financial Group decreased their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. JPMorgan Chase & Co. raised their target price 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. Deutsche Bank Aktiengesellschaft assumed coverage on Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective for the company. StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada boosted their target price on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a “sector perform” rating in a report on Tuesday.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total transaction of $231,005.06. Following the completion of the transaction, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total transaction of $231,005.06. Following the sale, the executive vice president now owns 22,238 shares in the company, valued at $970,911.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares in the company, valued at approximately $968,866.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,296 shares of company stock valued at $319,192. Insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently added to or reduced their stakes in ZION. Deutsche Bank AG raised its holdings in Zions Bancorporation, National Association by 22.1% in the third quarter. Deutsche Bank AG now owns 389,686 shares of the bank’s stock valued at $13,596,000 after buying an additional 70,461 shares during the period. American Century Companies Inc. grew its holdings in Zions Bancorporation, National Association by 18.8% during the 3rd quarter. American Century Companies Inc. now owns 355,622 shares of the bank’s stock valued at $12,408,000 after purchasing an additional 56,190 shares in the last quarter. Wedmont Private Capital purchased a new stake in Zions Bancorporation, National Association during the 4th quarter worth $320,000. Nordea Investment Management AB grew its stake in shares of Zions Bancorporation, National Association by 55.2% during the fourth 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 in the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in shares of Zions Bancorporation, National Association during the fourth quarter worth about $224,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $50.98 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s fifty day moving average is $43.89 and its two-hundred day moving average is $42.35. The firm has a market capitalization of $7.53 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 5.36 and a beta of 1.11. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 14.13%. The firm had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. During the same quarter in the previous year, the company posted $1.11 EPS. The company’s revenue was down .5% compared to the same quarter last year. On average, research analysts anticipate that Zions Bancorporation, National Association will post 4.36 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were given 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 3.22%. Zions Bancorporation, National Association’s payout ratio is 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.