Truist Financial Trims Zions Bancorporation, National Association (NASDAQ:ZION) Target Price to $52.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price decreased by Truist Financial from $54.00 to $52.00 in a report issued on Friday morning, Benzinga reports. Truist Financial currently has a hold rating on the bank’s stock.

Several other equities analysts also recently weighed in on ZION. Wedbush lifted their target price on Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a neutral rating in a research report on Tuesday, July 23rd. Robert W. Baird lifted their target price on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a neutral rating in a research report on Tuesday, July 23rd. Compass Point raised their price target on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a neutral rating in a report on Wednesday, July 24th. Morgan Stanley raised their price target on Zions Bancorporation, National Association from $42.00 to $54.00 and gave the company an underweight rating in a report on Monday, August 5th. Finally, Wells Fargo & Company decreased their price target on Zions Bancorporation, National Association from $52.00 to $50.00 and set an equal weight rating on the stock in a report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Zions Bancorporation, National Association currently has an average rating of Hold and an average price target of $48.72.

Zions Bancorporation, National Association Stock Performance

ZION stock opened at $47.99 on Friday. The company has a market cap of $7.09 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 2.83 and a beta of 1.09. Zions Bancorporation, National Association has a 1 year low of $28.90 and a 1 year high of $53.32. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s fifty day moving average price is $48.00 and its 200-day moving average price is $44.29.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its 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. The company had revenue of $776.00 million for the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. Zions Bancorporation, National Association’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share. On average, equities analysts forecast that Zions Bancorporation, National Association will post 4.52 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a dividend of $0.41 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.42%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the sale, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the sale, the vice president now owns 17,857 shares in the company, valued at $925,528.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the sale, the executive vice president now owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. The disclosure for this sale can be found here. Insiders sold 67,073 shares of company stock worth $3,476,298 over the last 90 days. Company insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Large investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC acquired a new position in shares of Zions Bancorporation, National Association during the first quarter worth $27,000. Jones Financial Companies Lllp acquired a new position in shares of Zions Bancorporation, National Association in the 4th quarter valued at $29,000. ORG Partners LLC acquired a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at $33,000. International Assets Investment Management LLC acquired a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at $34,000. Finally, Rothschild Investment LLC acquired a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at $39,000. 76.84% of the stock is owned by institutional investors and hedge funds.

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.