Zions Bancorporation, National Association (NASDAQ:ZION) PT Lowered to $54.00 at JPMorgan Chase & Co.

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target decreased by JPMorgan Chase & Co. from $58.00 to $54.00 in a research report released on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the bank’s stock.

A number of other analysts have also commented on ZION. StockNews.com raised Zions Bancorporation, National Association from a sell rating to a hold rating in a report on Tuesday, July 30th. Stephens lifted their target price on Zions Bancorporation, National Association from $48.00 to $51.00 and gave the stock an equal weight rating in a report on Tuesday, July 23rd. Wells Fargo & Company reduced their target price on Zions Bancorporation, National Association from $52.00 to $50.00 and set an equal weight rating for the company in a report on Wednesday, August 21st. Robert W. Baird lifted their target price on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a neutral rating in a report on Tuesday, July 23rd. Finally, Morgan Stanley raised Zions Bancorporation, National Association from an underweight rating to an equal weight rating and set a $54.00 target price for the company in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $49.28.

Zions Bancorporation, National Association Stock Up 3.5 %

ZION stock opened at $49.97 on Wednesday. Zions Bancorporation, National Association has a twelve month low of $28.90 and a twelve month high of $53.32. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The firm has a market cap of $7.38 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 1.80 and a beta of 1.09. The business has a 50 day moving average of $47.02 and a 200 day moving average of $44.91.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The company had revenue of $776.00 million during the quarter, compared to analyst estimates of $761.61 million. During the same quarter last year, the company earned $1.11 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts forecast that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors 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 yield of 3.28%. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 39.52%.

Insider Activity at Zions Bancorporation, National Association

In related news, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the transaction, the president now directly owns 74,286 shares in the company, valued at approximately $3,850,243.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the sale, the president now directly owns 74,286 shares of the company’s stock, valued at $3,850,243.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the sale, the executive vice president now directly owns 24,640 shares in the company, valued at approximately $1,275,859.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,073 shares of company stock worth $3,476,298. Corporate insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank increased its holdings in shares of Zions Bancorporation, National Association by 331.1% in the first quarter. Comerica Bank now owns 118,861 shares of the bank’s stock worth $5,159,000 after purchasing an additional 91,289 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Zions Bancorporation, National Association in the first quarter worth about $1,959,000. Retirement Systems of Alabama increased its holdings in shares of Zions Bancorporation, National Association by 469.8% in the first quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock worth $8,074,000 after purchasing an additional 153,387 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Zions Bancorporation, National Association by 345.2% in the first quarter. Mutual of America Capital Management LLC now owns 88,271 shares of the bank’s stock worth $3,831,000 after purchasing an additional 68,445 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Zions Bancorporation, National Association by 71.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 118,248 shares of the bank’s stock worth $5,136,000 after purchasing an additional 49,213 shares during the last quarter. 76.84% of the stock is owned by 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.