Zions Bancorporation, National Association (NASDAQ:ZION) Given Average Rating of "Hold" by Analysts

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nineteen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $52.82.

Several research analysts recently issued reports on the stock. Stephens upped their target price on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Wedbush lifted their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday. Royal Bank of Canada increased their price objective on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a "sector perform" rating in a research report on Tuesday. Barclays boosted their target price on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an "underweight" rating in a research report on Tuesday. Finally, Wells Fargo & Company lifted their price target on shares of Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Tuesday.

Insider Buying and Selling

In related news, VP Bruce K. Alexander sold 5,156 shares of the business's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the sale, the vice president now owns 17,857 shares of the company's stock, valued at $925,528.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

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

Zions Bancorporation, National Association Price Performance

Shares of ZION traded down $0.84 during trading hours on Friday, reaching $51.34. 1,003,597 shares of the company's stock traded hands, compared to its average volume of 2,114,059. Zions Bancorporation, National Association has a 12 month low of $28.98 and a 12 month high of $53.32. The company has a current ratio of 0.78, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09. The stock has a market cap of $7.58 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The firm's 50 day simple moving average is $48.07 and its 200-day simple moving average is $45.48.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. During the same period in the previous year, the business posted $1.13 earnings per share. Equities analysts expect that Zions Bancorporation, National Association will post 4.6 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed 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. This represents a $1.64 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association's dividend payout ratio is currently 41.21%.

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.