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

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) has been given a consensus rating of "Hold" by the eighteen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $55.88.

A number of equities research analysts have weighed in on ZION shares. Compass Point upped their target price on Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Robert W. Baird increased their target price on shares of 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. Wells Fargo & Company raised their price objective on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. The Goldman Sachs Group upped their price target on shares of Zions Bancorporation, National Association from $59.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Finally, Wolfe Research upgraded shares of Zions Bancorporation, National Association to a "hold" rating in a research note on Wednesday, September 18th.

Insider Buying and Selling

In other news, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 86,232 shares of the company's stock, valued at $5,265,325.92. This represents a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now directly owns 24,714 shares of the company's stock, valued at approximately $1,321,210.44. This trade represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,881 shares of company stock worth $1,108,184 in the last 90 days. 2.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC bought a new stake in Zions Bancorporation, National Association during the 3rd quarter valued at $28,000. ORG Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association during the second quarter worth about $33,000. International Assets Investment Management LLC purchased a new position in shares of Zions Bancorporation, National Association during the second quarter worth $34,000. Rothschild Investment LLC purchased a new position in Zions Bancorporation, National Association during the second quarter valued at approximately $39,000. Finally, New Millennium Group LLC acquired a new stake in Zions Bancorporation, National Association during the second quarter valued at $55,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Stock Performance

ZION stock traded down $0.48 during trading on Friday, hitting $57.67. 1,189,385 shares of the company's stock traded hands, compared to its average volume of 960,031. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 5.10 and a beta of 1.10. Zions Bancorporation, National Association has a 52 week low of $37.76 and a 52 week high of $63.22. The stock has a fifty day moving average price of $55.62 and a two-hundred day moving average price of $49.34. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. The business 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 quarter last year, the business posted $1.13 EPS. As a group, equities analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's dividend payout ratio is currently 39.18%.

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.