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

Shares of Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) have received an average rating of "Hold" from the eighteen analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $59.00.

Several research firms recently weighed in on ZION. DA Davidson increased their price target on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group raised Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price objective on the stock in a research report on Tuesday, January 7th. Barclays boosted their price objective on shares of Zions Bancorporation, National Association from $59.00 to $61.00 and gave the company an "underweight" rating in a report on Wednesday, January 22nd. Wells Fargo & Company dropped their price objective on shares of Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Stephens dropped their price target on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Tuesday.

Zions Bancorporation, National Association Stock Up 0.7 %

NASDAQ:ZION traded up $0.31 during trading hours on Friday, reaching $44.63. 394,965 shares of the company traded hands, compared to its average volume of 1,572,187. The stock has a market capitalization of $6.59 billion, a P/E ratio of 9.02, a P/E/G ratio of 1.61 and a beta of 0.92. The business's 50-day moving average price is $48.47 and its two-hundred day moving average price is $53.30. Zions Bancorporation, National Association has a 1 year low of $39.32 and a 1 year high of $63.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $795.00 million during the quarter, compared to analyst estimates of $792.49 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. During the same quarter in the previous year, the company posted $0.96 earnings per share. Analysts predict that Zions Bancorporation, National Association will post 5.39 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were given a $0.43 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.72 annualized dividend and a dividend yield of 3.85%. Zions Bancorporation, National Association's dividend payout ratio is presently 34.75%.

Zions Bancorporation, National Association announced that its board has approved a stock repurchase plan on Monday, February 24th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the bank to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $55.71, for a total transaction of $557,100.00. Following the sale, the executive vice president now owns 45,847 shares of the company's stock, valued at approximately $2,554,136.37. The trade was a 17.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the transaction, the executive vice president now directly owns 29,313 shares of the company's stock, valued at approximately $1,655,305.11. The trade was a 43.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,029 shares of company stock worth $1,855,321 in the last ninety days. Insiders own 2.22% of the company's stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of hedge funds have recently added to or reduced their stakes in ZION. Curat Global LLC bought a new stake in shares of Zions Bancorporation, National Association during the first quarter worth about $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Zions Bancorporation, National Association by 51.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock worth $29,000 after purchasing an additional 183 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Zions Bancorporation, National Association by 128.1% in the fourth quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after purchasing an additional 479 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Zions Bancorporation, National Association by 120.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank's stock valued at $49,000 after buying an additional 493 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in Zions Bancorporation, National Association during the first quarter worth $50,000. 76.84% of the stock is currently 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.