Zions Bancorporation, N.A. (NASDAQ:ZION) Price Target Raised to $66.00

Zions Bancorporation, N.A. (NASDAQ:ZION) had its target price increased by Truist Financial from $64.00 to $66.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a hold rating on the bank’s stock.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Zions Bancorporation, N.A. from $68.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Stephens boosted their target price on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 21st. Brean Capital started coverage on shares of Zions Bancorporation, N.A. in a research note on Thursday, March 12th. They set a “neutral” rating on the stock. Weiss Ratings upgraded shares of Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 10th. Finally, Royal Bank Of Canada lifted their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Zions Bancorporation, N.A. has a consensus rating of “Hold” and a consensus target price of $64.94.

Zions Bancorporation, N.A. Trading Up 1.1%

Shares of NASDAQ:ZION opened at $62.63 on Tuesday. The business’s 50-day moving average is $58.55 and its 200 day moving average is $57.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.85. Zions Bancorporation, N.A. has a 1 year low of $43.64 and a 1 year high of $66.18. The firm has a market capitalization of $9.21 billion, a P/E ratio of 9.74, a P/E/G ratio of 2.05 and a beta of 0.81.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings results on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.13. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.The business had revenue of $849.00 million during the quarter, compared to the consensus estimate of $853.73 million. During the same quarter last year, the company earned $1.13 earnings per share. On average, research analysts predict that Zions Bancorporation, N.A. will post 6.37 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 12th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. Zions Bancorporation, N.A.’s payout ratio is 27.99%.

Insider Buying and Selling

In related news, President Scott J. Mclean sold 28,980 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $61.15, for a total value of $1,772,127.00. Following the transaction, the president owned 82,250 shares in the company, valued at approximately $5,029,587.50. This represents a 26.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 6,558 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 18,761 shares of the company’s stock, valued at $1,215,712.80. This represents a 25.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,581 shares of company stock worth $3,498,774 in the last quarter. 1.43% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in Zions Bancorporation, N.A. by 17.1% in the fourth quarter. Signaturefd LLC now owns 1,192 shares of the bank’s stock valued at $70,000 after purchasing an additional 174 shares during the last quarter. Michels Family Financial LLC lifted its holdings in shares of Zions Bancorporation, N.A. by 1.5% in the 4th quarter. Michels Family Financial LLC now owns 12,142 shares of the bank’s stock valued at $711,000 after buying an additional 185 shares during the period. C M Bidwell & Associates Ltd. lifted its holdings in shares of Zions Bancorporation, N.A. by 13.5% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the bank’s stock valued at $91,000 after buying an additional 185 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Zions Bancorporation, N.A. by 2.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock valued at $424,000 after buying an additional 200 shares during the period. Finally, Alta Capital Management LLC lifted its holdings in shares of Zions Bancorporation, N.A. by 0.7% in the 4th quarter. Alta Capital Management LLC now owns 27,838 shares of the bank’s stock valued at $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.

More Zions Bancorporation, N.A. News

Here are the key news stories impacting Zions Bancorporation, N.A. this week:

• Positive Sentiment: DA Davidson raised its price target to $78 and kept a buy rating, signaling a sizable upside view and driving buying interest. DA Davidson raises PT to $78
• Positive Sentiment: Royal Bank of Canada lifted its price target to $68, reflecting increased conviction in ZION’s outlook. Royal Bank Of Canada Raises Zions Bancorporation, N.A. Price Target to $68.00
• Positive Sentiment: TD Cowen boosted its price target to $65, adding to the wave of analyst upgrades supporting the stock. TD Cowen Boosts Zions Bancorporation, N.A. Price Target to $65.00
• Positive Sentiment: JPMorgan published a bullish forecast for strong price appreciation in ZION, reinforcing institutional confidence. JPMorgan Forecasts Strong Price Appreciation for Zions
• Positive Sentiment: Robert W. Baird said ZION’s stock price is expected to rise, adding another favorable analyst voice. Robert W. Baird Analyst Says ZION Expected to Rise
• Positive Sentiment: Two Zacks pieces highlight ZION as both a top momentum and a top value stock for longer-term investors, supporting buy-side interest from style-focused funds. Why Zions (ZION) is a Top Momentum Stock for the Long-Term Why Zions (ZION) is a Top Value Stock for the Long-Term
• Neutral Sentiment: Citigroup raised its price target to $66 but maintained a neutral rating, a mixed signal that tempers upside expectations. Citigroup raises PT to $66
• Neutral Sentiment: Barclays increased its target to $72 yet kept an underweight stance—higher target but cautious rating introduces some analyst disagreement. Barclays raises PT to $72 (underweight)

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.