Brokerages Set Zions Bancorporation, National Association (NASDAQ:ZION) Target Price at $58.25

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) has been given an average recommendation of "Hold" by the eighteen brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $58.25.

Several research analysts have recently commented on ZION shares. Wedbush lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Stephens lifted their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. Morgan Stanley increased their target price on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price target on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Royal Bank of Canada increased their price objective on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd.

Zions Bancorporation, National Association Stock Down 1.0 %

NASDAQ ZION traded down $0.53 during mid-day trading on Thursday, reaching $54.87. 743,056 shares of the company's stock traded hands, compared to its average volume of 999,431. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a 1-year low of $37.76 and a 1-year high of $63.22. The company has a fifty day simple moving average of $57.16 and a 200-day simple moving average of $50.97. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 5.10 and a beta of 1.12.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the previous year, the firm earned $1.13 earnings per share. As a group, equities research analysts expect that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.13%. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, November 14th. Zions Bancorporation, National Association's payout ratio is 39.18%.

Insider Activity at Zions Bancorporation, National Association

In other news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares of the company's stock, valued at $5,265,325.92. The trade was a 9.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Eric Ellingsen sold 1,238 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the sale, the vice president now directly owns 35,878 shares of the company's stock, valued at approximately $2,182,817.52. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,881 shares of company stock worth $1,108,184 over the last quarter. 2.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State Street Corp grew its holdings in shares of Zions Bancorporation, National Association by 14.6% in the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank's stock worth $332,515,000 after acquiring an additional 896,889 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank's stock worth $271,003,000 after purchasing an additional 929,251 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Zions Bancorporation, National Association by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank's stock worth $221,367,000 after buying an additional 140,084 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in Zions Bancorporation, National Association by 25.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank's stock valued at $126,762,000 after buying an additional 538,049 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Zions Bancorporation, National Association by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank's stock worth $124,592,000 after buying an additional 30,030 shares during the period. Institutional investors 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.