Zions Bancorporation, N.A. (NASDAQ:ZION) Receives Average Rating of “Hold” from Brokerages

Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) have earned an average rating of “Hold” from the twenty-one brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $63.3158.

Several analysts have recently weighed in on the stock. Citigroup lifted their price objective on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Bank of America raised shares of Zions Bancorporation, N.A. from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $59.00 to $62.00 in a research note on Thursday, October 23rd. Evercore upped their price objective on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. UBS Group reduced their target price on Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Finally, Barclays upped their price target on Zions Bancorporation, N.A. from $61.00 to $68.00 and gave the stock an “underweight” rating in a research note on Monday, January 5th.

Insiders Place Their Bets

In other news, EVP Jennifer Anne Smith sold 2,089 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $62.48, for a total transaction of $130,520.72. Following the completion of the sale, the executive vice president directly owned 22,733 shares of the company’s stock, valued at $1,420,357.84. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Eric Ellingsen sold 1,519 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $61.27, for a total transaction of $93,069.13. Following the completion of the sale, the vice president owned 40,361 shares in the company, valued at $2,472,918.47. This represents a 3.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 55,391 shares of company stock worth $3,487,037 in the last quarter. Insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, N.A.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZION. Signaturefd LLC lifted its stake in Zions Bancorporation, N.A. by 17.1% during the 4th quarter. Signaturefd LLC now owns 1,192 shares of the bank’s stock valued at $70,000 after acquiring an additional 174 shares in the last quarter. Michels Family Financial LLC raised its holdings in shares of Zions Bancorporation, N.A. by 1.5% in the fourth 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 last quarter. C M Bidwell & Associates Ltd. boosted its holdings in Zions Bancorporation, N.A. by 13.5% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the bank’s stock worth $91,000 after purchasing an additional 185 shares during the last quarter. DAVENPORT & Co LLC grew its position in Zions Bancorporation, N.A. by 2.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock worth $424,000 after purchasing an additional 200 shares in the last quarter. Finally, Alta Capital Management LLC grew its position in 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 worth $1,630,000 after purchasing an additional 203 shares in the last quarter. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. Stock Performance

ZION stock opened at $61.48 on Friday. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $66.18. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $60.39 and a 200-day moving average price of $56.48. The firm has a market cap of $9.08 billion, a PE ratio of 10.25 and a beta of 0.85.

Zions Bancorporation, N.A. Announces Dividend

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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, February 12th. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is currently 30.00%.

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.