Zions Bancorporation, N.A. (NASDAQ:ZION) Receives $62.79 Consensus Target Price from Analysts

Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) have received an average recommendation of “Hold” from the twenty-two research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $62.7895.

Several equities research analysts have recently issued reports on ZION shares. TD Cowen lifted their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Weiss Ratings cut Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 12th. JPMorgan Chase & Co. lowered their price objective on 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. Piper Sandler lowered their price objective on Zions Bancorporation, N.A. from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Finally, Robert W. Baird raised Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Monday, March 9th.

Zions Bancorporation, N.A. Price Performance

ZION stock opened at $61.00 on Friday. Zions Bancorporation, N.A. has a 12-month low of $39.42 and a 12-month high of $66.18. The company has a market capitalization of $8.97 billion, a PE ratio of 10.17, a P/E/G ratio of 1.47 and a beta of 0.81. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average price is $58.68 and its 200 day moving average price is $56.82.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio is currently 30.00%.

Insider Buying and Selling at Zions Bancorporation, N.A.

In other news, EVP Jennifer Anne Smith sold 6,558 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $64.80, for a total transaction of $424,958.40. Following the completion of the transaction, the executive vice president directly owned 18,761 shares of the company’s stock, valued at approximately $1,215,712.80. This represents a 25.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Harris H. Simmons acquired 4,500 shares of the stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average cost of $59.03 per share, with a total value of $265,635.00. Following the completion of the transaction, the chief executive officer owned 1,317,493 shares in the company, valued at approximately $77,771,611.79. This represents a 0.34% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 55,581 shares of company stock worth $3,498,774. Corporate insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, N.A.

A number of large investors have recently made changes to their positions in the company. Signaturefd LLC boosted its position in shares of Zions Bancorporation, N.A. by 17.1% in the 4th 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 period. Michels Family Financial LLC boosted its position 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 purchasing an additional 185 shares during the period. C M Bidwell & Associates Ltd. boosted its position 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 purchasing an additional 185 shares during the period. DAVENPORT & Co LLC boosted its position 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 purchasing an additional 200 shares during the period. Finally, Alta Capital Management LLC boosted its position 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 purchasing an additional 203 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

About Zions Bancorporation, N.A.

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.