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

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) has earned an average recommendation of "Hold" from the nineteen research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $60.71.

Several research firms have weighed in on ZION. Robert W. Baird upped their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. UBS Group started coverage on shares of Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $64.00 price objective on the stock. Royal Bank of Canada raised their target price on shares of Zions Bancorporation, National Association from $61.00 to $63.00 and gave the company a "sector perform" rating in a report on Wednesday, January 22nd. Wells Fargo & Company upped their price target on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, November 15th. Finally, DA Davidson raised their price objective on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd.

Insiders Place Their Bets

In other news, EVP Paul E. Burdiss sold 9,506 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now directly owns 86,232 shares in the company, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Eric Ellingsen sold 1,238 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total value of $75,319.92. Following the sale, the vice president now owns 35,878 shares of the company's stock, valued at $2,182,817.52. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,496 shares of company stock valued at $873,762 over the last quarter. Company insiders own 2.22% of the company's stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently made changes to their positions in ZION. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association in the 3rd quarter worth approximately $28,000. SRS Capital Advisors Inc. lifted 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 worth $49,000 after purchasing an additional 493 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at $115,000. Venturi Wealth Management LLC grew its holdings in Zions Bancorporation, National Association by 209.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank's stock valued at $117,000 after purchasing an additional 1,671 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Zions Bancorporation, National Association during the 3rd quarter worth $119,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION traded up $0.84 during midday trading on Monday, hitting $58.27. The company had a trading volume of 1,170,337 shares, compared to its average volume of 1,221,981. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.74 and a beta of 1.11. Zions Bancorporation, National Association has a twelve month low of $38.01 and a twelve month high of $63.22. The business has a 50-day simple moving average of $56.71 and a two-hundred day simple moving average of $52.68. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping the consensus estimate of $1.26 by $0.08. The business had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 EPS. Equities research analysts anticipate that Zions Bancorporation, National Association will post 5.23 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 13th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, February 13th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 34.75%.

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.