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

Shares of Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) have been given an average rating of "Hold" by the nineteen brokerages that are currently covering the company, Marketbeat.com reports. One research 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 twelve-month price target among analysts that have updated their coverage on the stock in the last year is $60.94.

Several analysts have recently commented on ZION shares. JPMorgan Chase & Co. reduced their target price on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. UBS Group began coverage on shares of Zions Bancorporation, National Association in a report on Tuesday, December 17th. They set a "neutral" rating and a $64.00 price target for the company. Stephens reaffirmed an "equal weight" rating and issued a $64.00 price objective on shares of Zions Bancorporation, National Association in a report on Wednesday, March 5th. DA Davidson increased their target price on 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. Finally, Wells Fargo & Company decreased their price target on Zions Bancorporation, National Association from $62.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Friday.

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Zions Bancorporation, National Association Stock Performance

Shares of ZION stock traded down $0.79 during trading hours on Tuesday, hitting $49.47. The stock had a trading volume of 1,478,901 shares, compared to its average volume of 1,550,049. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $7.30 billion, a PE ratio of 9.99, a PEG ratio of 1.61 and a beta of 1.10. The stock's 50 day moving average is $53.66 and its 200 day moving average is $53.65. Zions Bancorporation, National Association has a twelve month low of $39.05 and a twelve month high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.08. The firm had revenue of $820.00 million during the quarter, compared to analysts' expectations of $787.70 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. Zions Bancorporation, National Association's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. As a group, research analysts forecast that Zions Bancorporation, National Association will post 5.39 earnings per share for the current fiscal year.

Zions Bancorporation, National Association announced that its board has initiated a stock buyback program on Monday, February 24th that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the bank to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Thursday, February 13th. Zions Bancorporation, National Association's dividend payout ratio is currently 34.75%.

Insider Activity 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 that occurred 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 completion of the sale, the executive vice president now directly owns 45,847 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jennifer Anne Smith sold 22,673 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the completion of the transaction, the executive vice president now directly owns 29,313 shares in the company, valued at approximately $1,655,305.11. This represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,713 shares of company stock worth $1,839,686. 2.22% of the stock is owned by company insiders.

Institutional Trading of Zions Bancorporation, National Association

A number of institutional investors have recently added to or reduced their stakes in ZION. Vanguard Group Inc. lifted its stake in shares of Zions Bancorporation, National Association by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock worth $1,032,775,000 after purchasing an additional 285,588 shares in the last quarter. State Street Corp lifted its position in Zions Bancorporation, National Association by 14.6% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in Zions Bancorporation, National Association by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,807,221 shares of the bank's stock worth $369,295,000 after acquiring an additional 175,656 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Zions Bancorporation, National Association by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank's stock worth $264,902,000 after acquiring an additional 194,995 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in Zions Bancorporation, National Association by 0.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,698,530 shares of the bank's stock valued at $146,396,000 after acquiring an additional 14,070 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.