Zions Bancorporation, National Association (NASDAQ:ZION) Given Consensus Recommendation of “Hold” by Analysts

Shares of Zions Bancorporation, National Association (NASDAQ:ZION) have earned an average recommendation of “Hold” from the eighteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $58.47.

A number of analysts have weighed in on the stock. Argus raised shares of Zions Bancorporation, National Association from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Monday, April 28th. DA Davidson upped their price target on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Morgan Stanley lowered their price target on shares of Zions Bancorporation, National Association from $71.00 to $64.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Stephens lowered their price target on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Zions Bancorporation, National Association from $65.00 to $58.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $56.47, for a total value of $1,280,344.31. Following the completion of the sale, the executive vice president now directly owns 29,313 shares of the company’s stock, valued at approximately $1,655,305.11. This represents a 43.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors and hedge funds have recently bought and sold shares of ZION. Norges Bank acquired a new stake in Zions Bancorporation, National Association in the 4th quarter valued at about $73,542,000. Balyasny Asset Management L.P. lifted its holdings in Zions Bancorporation, National Association by 249.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,624,521 shares of the bank’s stock valued at $88,130,000 after acquiring an additional 1,159,888 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in Zions Bancorporation, National Association in the 4th quarter valued at about $51,116,000. Boston Partners acquired a new stake in Zions Bancorporation, National Association in the 4th quarter valued at about $33,961,000. Finally, GAMMA Investing LLC lifted its holdings in Zions Bancorporation, National Association by 5,690.4% in the 1st quarter. GAMMA Investing LLC now owns 550,903 shares of the bank’s stock valued at $27,468,000 after acquiring an additional 541,389 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Stock Up 0.9%

Shares of NASDAQ:ZION opened at $49.92 on Wednesday. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. Zions Bancorporation, National Association has a 1-year low of $39.32 and a 1-year high of $63.22. The company’s fifty day moving average is $46.42 and its two-hundred day moving average is $52.94. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The company had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $792.49 million. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. During the same period in the prior year, the company earned $0.96 earnings per share. Equities analysts anticipate that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be given a $0.43 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a yield of 3.45%. Zions Bancorporation, National Association’s dividend payout ratio is presently 33.59%.

Zions Bancorporation, National Association declared that its Board of Directors has initiated a share buyback plan on Monday, February 24th that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the bank to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.