Zions Bancorporation, National Association (NASDAQ:ZION) Receives Consensus Rating of “Hold” from Brokerages

Zions Bancorporation, National Association (NASDAQ:ZION) has been given a consensus rating of “Hold” by the nineteen brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seventeen have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $52.82.

Several research firms have weighed in on ZION. JPMorgan Chase & Co. lowered 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 report on Wednesday, October 9th. Argus lowered shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Stephens lifted their price target on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wedbush increased their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Robert W. Baird raised their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday.

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 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 completion of the transaction, the vice president now directly owns 17,857 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. 2.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Zions Bancorporation, National Association by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after purchasing an additional 929,251 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Zions Bancorporation, National Association by 1.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,146,411 shares of the bank’s stock worth $93,089,000 after buying an additional 22,123 shares during the period. Bank of New York Mellon Corp boosted its holdings in Zions Bancorporation, National Association by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock worth $74,784,000 after buying an additional 5,609 shares during the period. Wedge Capital Management L L P NC grew its stake in Zions Bancorporation, National Association by 9.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank’s stock valued at $44,202,000 after buying an additional 90,234 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Zions Bancorporation, National Association by 75.0% during the second quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock worth $43,294,000 after acquiring an additional 433,513 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Stock Performance

Shares of ZION opened at $51.34 on Friday. Zions Bancorporation, National Association has a one year low of $28.98 and a one year high of $53.32. The company has a market cap of $7.58 billion, a PE ratio of 12.90, a P/E/G ratio of 1.93 and a beta of 1.09. The stock has a 50-day moving average of $48.07 and a 200-day moving average of $45.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.84.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, October 21st. The bank reported $1.37 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 firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. On average, equities research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.41 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.19%. Zions Bancorporation, National Association’s payout ratio is currently 41.21%.

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.