Brokerages Set Zions Bancorporation, National Association (NASDAQ:ZION) Target Price at $53.59

Shares of Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) have been assigned an average rating of "Hold" from the nineteen analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seventeen have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $53.59.

ZION has been the subject of a number of research analyst reports. Truist Financial upped their price target on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Compass Point upped their price objective on shares of Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Argus cut Zions Bancorporation, National Association from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Stephens upped their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI raised their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th.

Zions Bancorporation, National Association Stock Down 0.3 %

NASDAQ ZION traded down $0.17 on Wednesday, hitting $58.66. 931,747 shares of the stock were exchanged, compared to its average volume of 2,049,911. Zions Bancorporation, National Association has a fifty-two week low of $33.66 and a fifty-two week high of $61.80. The company has a 50-day moving average price of $50.98 and a 200-day moving average price of $47.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market cap of $8.66 billion, a PE ratio of 13.40, a PEG ratio of 5.24 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating 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 company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $781.63 million. During the same period last year, the firm earned $1.13 earnings per share. Sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's dividend payout ratio is currently 39.18%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Jennifer Anne Smith sold 3,605 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $58.06, for a total transaction of $209,306.30. Following the sale, the executive vice president now owns 24,714 shares of the company's stock, valued at $1,434,894.84. The trade was a 12.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Eric Ellingsen sold 1,238 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the transaction, the vice president now directly owns 35,878 shares of the company's stock, valued at $2,182,817.52. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,228 shares of company stock valued at $519,048. 2.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. lifted its stake in Zions Bancorporation, National Association by 0.7% in the 1st quarter. Sei Investments Co. now owns 73,467 shares of the bank's stock valued at $3,188,000 after buying an additional 530 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Zions Bancorporation, National Association during the first quarter valued at $770,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Zions Bancorporation, National Association by 37.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,271 shares of the bank's stock valued at $489,000 after acquiring an additional 3,061 shares during the last quarter. Bessemer Group Inc. increased its position in Zions Bancorporation, National Association by 19.3% during the 1st quarter. Bessemer Group Inc. now owns 7,978 shares of the bank's stock worth $347,000 after purchasing an additional 1,291 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in Zions Bancorporation, National Association by 7.9% in the 1st quarter. Lake Street Advisors Group LLC now owns 5,573 shares of the bank's stock valued at $242,000 after purchasing an additional 409 shares during the last quarter. 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.