Zions Bancorporation, National Association (NASDAQ:ZION) Receives Consensus Recommendation of “Hold” from Brokerages

Zions Bancorporation, National Association (NASDAQ:ZION) has earned a consensus rating of “Hold” from the eighteen brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $43.82.

Several research firms have recently weighed in on ZION. JPMorgan Chase & Co. raised their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Royal Bank of Canada raised their price objective on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group lowered their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. StockNews.com cut shares of Zions Bancorporation, National Association from a “hold” rating to a “sell” rating in a research report on Saturday, June 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective on the stock.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the transaction, the executive vice president now owns 22,238 shares in the company, valued at $970,911.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction dated 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 of the company’s stock, valued at approximately $970,911.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the chief executive officer now directly 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 quarter, insiders have sold 7,296 shares of company stock worth $319,192. 2.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its stake in Zions Bancorporation, National Association by 103.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock worth $7,163,000 after acquiring an additional 4,993,164 shares in the last quarter. Norges Bank bought a new stake in Zions Bancorporation, National Association during the fourth quarter worth about $67,694,000. Vaughan Nelson Investment Management L.P. boosted its stake in Zions Bancorporation, National Association by 119.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after acquiring an additional 1,259,571 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Zions Bancorporation, National Association by 22.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank’s stock worth $220,077,000 after acquiring an additional 927,899 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in Zions Bancorporation, National Association during the third quarter worth about $28,113,000. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $42.06 on Friday. Zions Bancorporation, National Association has a 1 year low of $26.56 and a 1 year high of $46.15. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $6.21 billion, a PE ratio of 10.57, a P/E/G ratio of 4.83 and a beta of 1.11. The company’s 50 day simple moving average is $42.40 and its two-hundred day simple moving average is $41.89.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $1.33 earnings per share. Analysts predict that Zions Bancorporation, National Association will post 4.37 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Wednesday, May 15th. 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.