Zions Bancorporation, N.A. (NASDAQ:ZION) Receives $63.32 Consensus Price Target from Brokerages

Zions Bancorporation, N.A. (NASDAQ:ZION) has earned an average rating of “Hold” from the twenty-one analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $63.3158.

Several brokerages recently commented on ZION. UBS Group cut their price target on shares of Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Bank of America raised Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and upped their target price for the company from $59.00 to $62.00 in a research note on Thursday, October 23rd. JPMorgan Chase & Co. increased their price target on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $60.00 in a report on Wednesday, November 19th. Finally, Weiss Ratings upgraded Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 3rd.

Zions Bancorporation, N.A. Price Performance

Shares of Zions Bancorporation, N.A. stock opened at $61.26 on Friday. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 10.21 and a beta of 0.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day moving average price of $60.06 and a 200-day moving average price of $56.28. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $66.18.

Zions Bancorporation, N.A. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 12th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 30.00%.

Insider Activity

In other news, VP Eric Ellingsen sold 1,519 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $61.27, for a total value of $93,069.13. Following the completion of the sale, the vice president owned 40,361 shares in the company, valued at approximately $2,472,918.47. The trade was a 3.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Scott J. Mclean sold 28,980 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $61.15, for a total transaction of $1,772,127.00. Following the transaction, the president directly owned 82,250 shares in the company, valued at approximately $5,029,587.50. The trade was a 26.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 53,302 shares of company stock valued at $3,356,517. Insiders own 1.77% of the company’s stock.

Institutional Trading of Zions Bancorporation, N.A.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in Zions Bancorporation, N.A. by 76.3% in the first quarter. Royal Bank of Canada now owns 137,434 shares of the bank’s stock valued at $6,853,000 after acquiring an additional 59,483 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Zions Bancorporation, N.A. by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,960 shares of the bank’s stock valued at $2,042,000 after purchasing an additional 6,393 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Zions Bancorporation, N.A. by 0.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 504,860 shares of the bank’s stock worth $25,172,000 after purchasing an additional 2,659 shares in the last quarter. Focus Partners Wealth boosted its holdings in Zions Bancorporation, N.A. by 91.7% in the first quarter. Focus Partners Wealth now owns 21,502 shares of the bank’s stock worth $1,072,000 after acquiring an additional 10,283 shares in the last quarter. Finally, Callan Family Office LLC purchased a new stake in shares of Zions Bancorporation, N.A. during the second quarter worth about $235,000. Institutional investors own 76.84% of the company’s stock.

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.