Wedbush Boosts Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $55.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective increased by Wedbush from $52.00 to $55.00 in a research note published on Tuesday morning, Benzinga reports. Wedbush currently has a neutral rating on the bank’s stock. Wedbush also issued estimates for Zions Bancorporation, National Association’s Q4 2024 earnings at $1.14 EPS, FY2024 earnings at $4.75 EPS, Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.17 EPS, Q4 2025 earnings at $1.19 EPS, FY2025 earnings at $4.40 EPS and FY2026 earnings at $4.70 EPS.

Other equities analysts have also recently issued research reports about the company. Argus cut Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Evercore ISI dropped their target price on Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Morgan Stanley upgraded 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. JPMorgan Chase & Co. dropped their target price on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada boosted their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $52.82.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $52.18 on Tuesday. The stock has a fifty day moving average price of $47.97 and a 200 day moving average price of $45.42. Zions Bancorporation, National Association has a 1-year low of $28.90 and a 1-year high of $53.32. 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 company has a market cap of $7.71 billion, a PE ratio of 11.89, a P/E/G ratio of 1.93 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Sell-side analysts forecast that Zions Bancorporation, National Association will post 4.6 EPS for the current 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 paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is currently 37.36%.

Insider Activity at Zions Bancorporation, National Association

In related news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the sale, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank lifted its stake in shares of Zions Bancorporation, National Association by 331.1% during the 1st quarter. Comerica Bank now owns 118,861 shares of the bank’s stock worth $5,159,000 after purchasing an additional 91,289 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Zions Bancorporation, National Association during the 1st quarter worth $1,959,000. Retirement Systems of Alabama lifted its stake in shares of Zions Bancorporation, National Association by 469.8% during the 1st quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock worth $8,074,000 after purchasing an additional 153,387 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Zions Bancorporation, National Association by 345.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 88,271 shares of the bank’s stock worth $3,831,000 after purchasing an additional 68,445 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Zions Bancorporation, National Association by 71.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 118,248 shares of the bank’s stock worth $5,136,000 after purchasing an additional 49,213 shares during the period. 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.