Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $67.00 at The Goldman Sachs Group

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) had its price target raised by The Goldman Sachs Group from $59.00 to $67.00 in a research report report published on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the bank's stock.

Other equities analysts also recently issued reports about the company. Evercore ISI boosted their price objective on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Jefferies Financial Group lowered their price objective on Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating on the stock in a research report on Wednesday, September 11th. Wolfe Research upgraded Zions Bancorporation, National Association to a "hold" rating in a research report on Wednesday, September 18th. Compass Point lifted their target price on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Zions Bancorporation, National Association from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and a consensus target price of $55.13.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION traded down $0.62 on Tuesday, hitting $61.11. 925,251 shares of the company traded hands, compared to its average volume of 2,035,325. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 5.36 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The business's 50 day moving average price is $52.11 and its 200-day moving average price is $47.80. Zions Bancorporation, National Association has a 52-week low of $33.66 and a 52-week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period in the previous year, the business earned $1.13 earnings per share. Equities analysts expect that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a dividend of $0.43 per share. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. The ex-dividend date was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.81%. Zions Bancorporation, National Association's dividend payout ratio is currently 39.18%.

Insider Activity

In related 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 value of $209,306.30. Following the completion of the sale, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,434,894.84. The trade was a 12.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eric Ellingsen sold 1,238 shares of the business'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 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. Over the last 90 days, insiders have sold 9,375 shares of company stock valued at $527,748. 2.22% of the stock is currently owned by insiders.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds have recently bought and sold shares of ZION. ORG Wealth Partners LLC purchased a new stake in Zions Bancorporation, National Association during the third quarter worth $28,000. ORG Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $33,000. International Assets Investment Management LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $34,000. Rothschild Investment LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter valued at $39,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank's stock valued at $49,000 after purchasing an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company's stock.

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.