Barclays Issues Positive Forecast for Zions Bancorporation, National Association (NASDAQ:ZION) Stock Price

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) had its price objective boosted by Barclays from $52.00 to $59.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an underweight rating on the bank's stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Truist Financial raised their price objective on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group raised their price target on Zions Bancorporation, National Association from $59.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company upped their price objective on shares of 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. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $57.50.

Zions Bancorporation, National Association Price Performance

ZION stock traded up $0.13 on Monday, reaching $55.02. The company had a trading volume of 1,068,569 shares, compared to its average volume of 918,856. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The company's fifty day moving average is $57.00 and its 200 day moving average is $50.82. The company has a market cap of $8.13 billion, a P/E ratio of 12.53, a PEG ratio of 5.10 and a beta of 1.12. Zions Bancorporation, National Association has a 1 year low of $37.76 and a 1 year high of $63.22.

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

Zions Bancorporation, National Association Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.13%. This is a positive change from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 39.18%.

Insider Buying and Selling

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

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds and other institutional investors have recently made changes to their positions in ZION. CVA Family Office LLC grew its holdings in Zions Bancorporation, National Association by 0.9% during the 3rd quarter. CVA Family Office LLC now owns 25,223 shares of the bank's stock worth $1,191,000 after acquiring an additional 217 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in Zions Bancorporation, National Association by 26.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank's stock worth $61,000 after purchasing an additional 296 shares in the last quarter. Centaurus Financial Inc. increased its holdings in Zions Bancorporation, National Association by 8.3% in the second quarter. Centaurus Financial Inc. now owns 3,918 shares of the bank's stock valued at $170,000 after buying an additional 299 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Zions Bancorporation, National Association by 0.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank's stock worth $1,947,000 after buying an additional 348 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Zions Bancorporation, National Association by 1.2% in the 2nd quarter. Hsbc Holdings PLC now owns 30,247 shares of the bank's stock worth $1,312,000 after acquiring an additional 363 shares in the last quarter. 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.