Brokerages Set Zions Bancorporation, N.A. (NASDAQ:ZION) Target Price at $65.53

Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) have received an average rating of “Hold” from the twenty analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $65.5294.

ZION has been the subject of several recent research reports. Robert W. Baird upped their price target on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of Zions Bancorporation, N.A. from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Citigroup upped their price target on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Brean Capital initiated coverage on shares of Zions Bancorporation, N.A. in a research report on Thursday, March 12th. They issued a “neutral” rating for the company. Finally, TD Cowen upped their price target on shares of Zions Bancorporation, N.A. from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st.

Insider Buying and Selling at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Steven Dan Stephens sold 15,476 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $65.90, for a total value of $1,019,868.40. Following the completion of the transaction, the executive vice president directly owned 41,127 shares in the company, valued at approximately $2,710,269.30. This represents a 27.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 6,558 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $64.80, for a total transaction of $424,958.40. Following the sale, the executive vice president owned 18,761 shares of the company’s stock, valued at approximately $1,215,712.80. This trade represents a 25.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 24,313 shares of company stock worth $1,587,084. 1.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

Several large investors have recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Zions Bancorporation, N.A. by 17.1% during the fourth quarter. Signaturefd LLC now owns 1,192 shares of the bank’s stock worth $70,000 after buying an additional 174 shares during the period. Michels Family Financial LLC increased its position in shares of Zions Bancorporation, N.A. by 1.5% during the fourth quarter. Michels Family Financial LLC now owns 12,142 shares of the bank’s stock worth $711,000 after buying an additional 185 shares during the period. C M Bidwell & Associates Ltd. increased its position in shares of Zions Bancorporation, N.A. by 13.5% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the bank’s stock worth $91,000 after buying an additional 185 shares during the period. DAVENPORT & Co LLC increased its position in shares of Zions Bancorporation, N.A. by 2.7% during the third quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock worth $424,000 after buying an additional 200 shares during the period. Finally, Alta Capital Management LLC increased its position in shares of Zions Bancorporation, N.A. by 0.7% during the fourth quarter. Alta Capital Management LLC now owns 27,838 shares of the bank’s stock worth $1,630,000 after buying an additional 203 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Stock Performance

Shares of Zions Bancorporation, N.A. stock opened at $63.13 on Wednesday. The company has a 50 day moving average of $58.68 and a 200-day moving average of $57.55. Zions Bancorporation, N.A. has a 1-year low of $45.24 and a 1-year high of $66.18. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The company has a market cap of $9.28 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 2.13 and a beta of 0.83.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its quarterly earnings data on Monday, April 20th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. The business had revenue of $859.00 million during the quarter, compared to analysts’ expectations of $853.73 million. Zions Bancorporation, N.A. had a net margin of 19.53% and a return on equity of 13.90%. During the same period in the prior year, the company earned $1.13 EPS. As a group, equities research analysts forecast that Zions Bancorporation, N.A. will post 6.4 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. declared that its Board of Directors has initiated a stock buyback plan on Saturday, May 2nd that allows the company to repurchase $225.00 million in shares. This repurchase authorization allows the bank to purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Zions Bancorporation, N.A. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, May 14th. Zions Bancorporation, N.A.’s dividend payout ratio is 27.99%.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle?market firms and high?net?worth clients. Its service portfolio includes deposit accounts, cash?management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.