Zions Bancorporation, National Association (NASDAQ:ZION) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) from a sell rating to a hold rating in a research note published on Friday morning.

ZION has been the subject of a number of other reports. Truist Financial restated a hold rating and issued a $46.00 price objective on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Evercore ISI increased their price objective on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an outperform rating in a report on Thursday, March 28th. Morgan Stanley boosted their target price on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an underweight rating in a research note on Wednesday, February 7th. UBS Group reduced their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a neutral rating for the company in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group lowered their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a hold rating on the stock in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $43.33.

Get Our Latest Stock Analysis on ZION

Zions Bancorporation, National Association Price Performance

NASDAQ:ZION opened at $43.19 on Friday. The firm’s fifty day moving average is $42.48 and its two-hundred day moving average is $41.26. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 4.96 and a beta of 1.13. Zions Bancorporation, National Association has a one year low of $26.35 and a one year high of $46.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last released its quarterly earnings data on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $747.21 million. During the same quarter in the prior year, the company posted $1.33 EPS. Research analysts expect that Zions Bancorporation, National Association will post 4.37 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were given a $0.41 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.80%. Zions Bancorporation, National Association’s dividend payout ratio is currently 41.21%.

Insider Activity at Zions Bancorporation, National Association

In related news, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total transaction of $231,005.06. Following the transaction, the executive vice president now owns 22,238 shares of the company’s stock, valued at $970,911.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the sale, the chief executive officer now owns 22,181 shares of the company’s stock, valued at $968,866.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the transaction, the executive vice president now owns 22,238 shares in the company, valued at $970,911.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,296 shares of company stock valued at $319,192. 2.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently made changes to their positions in ZION. Teachers Retirement System of The State of Kentucky grew its holdings in Zions Bancorporation, National Association by 223.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 41,401 shares of the bank’s stock valued at $1,797,000 after purchasing an additional 28,600 shares in the last quarter. Cetera Advisors LLC purchased a new position in Zions Bancorporation, National Association in the 1st quarter valued at about $878,000. Cetera Investment Advisers grew its stake in shares of Zions Bancorporation, National Association by 56.5% during the first quarter. Cetera Investment Advisers now owns 42,811 shares of the bank’s stock valued at $1,858,000 after acquiring an additional 15,458 shares in the last quarter. EMC Capital Management increased its position in shares of Zions Bancorporation, National Association by 183.5% during the first quarter. EMC Capital Management now owns 10,250 shares of the bank’s stock worth $445,000 after acquiring an additional 6,635 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of Zions Bancorporation, National Association by 331.1% in the first quarter. Comerica Bank now owns 118,861 shares of the bank’s stock worth $5,159,000 after acquiring an additional 91,289 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Zions Bancorporation, National Association (NASDAQ:ZION)

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