Robert W. Baird Raises Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $55.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price lifted by Robert W. Baird from $52.00 to $55.00 in a report issued on Tuesday, Benzinga reports. They currently have a neutral rating on the bank’s stock.

Other analysts also recently issued research reports about the stock. Argus downgraded shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Stephens raised their price target 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. JPMorgan Chase & Co. reduced their price objective on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Compass Point lifted their target price on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.82.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock opened at $51.34 on Tuesday. The stock’s 50-day moving average is $48.07 and its two-hundred day moving average is $45.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.84 and a current ratio of 0.78. Zions Bancorporation, National Association has a 1 year low of $28.98 and a 1 year high of $53.32. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 1.93 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. During the same quarter last year, the business posted $1.13 EPS. Analysts predict that Zions Bancorporation, National Association will post 4.6 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, August 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.19%. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Insider Buying and Selling

In related news, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association 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 transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZION. ORG Wealth Partners LLC purchased a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth approximately $28,000. Fidelis Capital Partners LLC acquired a new stake in Zions Bancorporation, National Association during the 1st quarter valued at $27,000. ORG Partners LLC purchased a new position in Zions Bancorporation, National Association during the second quarter worth $33,000. International Assets Investment Management LLC acquired a new position in shares of Zions Bancorporation, National Association in the second quarter worth $34,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association in the second quarter valued at $39,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Company Profile

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.