Zions Bancorporation, N.A. (NASDAQ:ZION) Given Average Rating of “Hold” by Analysts

Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) have been given a consensus rating of “Hold” by the twenty brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $65.5294.

A number of equities analysts have recently weighed in on the company. TD Cowen upped their target price on Zions Bancorporation, N.A. from $64.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Piper Sandler lowered their target price on Zions Bancorporation, N.A. from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Evercore upped their target price on Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. Truist Financial upped their price target on Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Finally, Morgan Stanley decreased their price target on Zions Bancorporation, N.A. from $75.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st.

Insider Transactions at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 4,209 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $62.50, for a total value of $263,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Torren Management LLC bought a new position in shares of Zions Bancorporation, N.A. during the 4th quarter worth $32,000. Leonteq Securities AG purchased a new stake in Zions Bancorporation, N.A. during the 4th quarter worth about $32,000. Community Bank N.A. purchased a new stake in Zions Bancorporation, N.A. during the 3rd quarter worth about $36,000. Atlas Capital Advisors Inc. purchased a new stake in Zions Bancorporation, N.A. during the 4th quarter worth about $36,000. Finally, V Square Quantitative Management LLC purchased a new stake in Zions Bancorporation, N.A. during the 4th quarter worth about $42,000. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Price Performance

Shares of ZION opened at $62.45 on Friday. Zions Bancorporation, N.A. has a 52-week low of $46.09 and a 52-week high of $66.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.83. The business’s 50 day moving average price is $60.45 and its two-hundred day moving average price is $58.77. The firm has a market cap of $9.19 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 2.07 and a beta of 0.83.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings results on Monday, April 20th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.13. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.The firm had revenue of $859.00 million for the quarter, compared to analyst estimates of $853.73 million. During the same period in the previous year, the firm earned $1.13 earnings per share. On average, equities analysts anticipate that Zions Bancorporation, N.A. will post 6.44 EPS for the current year.

Zions Bancorporation, N.A. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.80 annualized dividend and a yield of 2.9%. Zions Bancorporation, N.A.’s dividend payout ratio is 27.99%.

Zions Bancorporation, N.A. declared that its Board of Directors has initiated a share repurchase plan on Saturday, May 2nd that allows the company to repurchase $225.00 million in shares. This repurchase authorization allows the bank to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Zions Bancorporation, N.A.

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.