Stephens Raises Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $55.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price increased by Stephens from $53.00 to $55.00 in a research report released on Tuesday, Benzinga reports. The firm currently has an equal weight rating on the bank’s stock.

Other research analysts have also issued reports about the company. Robert W. Baird upped their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday. Royal Bank of Canada upped their target price on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 23rd. Morgan Stanley raised Zions Bancorporation, National Association from an “underweight” rating to an “equal weight” rating and set a $54.00 target price on the stock in a research report on Monday, September 30th. Wolfe Research raised Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Finally, Wedbush increased their price objective on Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $52.82.

Zions Bancorporation, National Association Trading Up 0.6 %

Shares of NASDAQ ZION opened at $52.18 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.84. The stock has a market capitalization of $7.71 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. Zions Bancorporation, National Association has a 1-year low of $28.90 and a 1-year high of $53.32. The business has a fifty day moving average price of $47.97 and a 200 day moving average price of $45.42.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. During the same period in the prior year, the company posted $1.13 EPS. Equities research analysts expect that Zions Bancorporation, National Association will post 4.6 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.14%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 37.36%.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the transaction, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its position in Zions Bancorporation, National Association by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 17,158 shares of the bank’s stock worth $810,000 after purchasing an additional 1,160 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Zions Bancorporation, National Association by 0.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock worth $1,947,000 after purchasing an additional 348 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Zions Bancorporation, National Association by 11.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,035 shares of the bank’s stock worth $4,183,000 after purchasing an additional 9,393 shares in the last quarter. Lake Street Advisors Group LLC purchased a new position in Zions Bancorporation, National Association during the third quarter worth approximately $206,000. Finally, Assenagon Asset Management S.A. boosted its position in Zions Bancorporation, National Association by 124.9% during the third quarter. Assenagon Asset Management S.A. now owns 290,165 shares of the bank’s stock worth $13,702,000 after purchasing an additional 161,118 shares in 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.