Analysts Set Zions Bancorporation, National Association (NASDAQ:ZION) Price Target at $42.72

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) has earned an average rating of "Hold" from the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $42.78.

ZION has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an "underweight" rating in a research note on Wednesday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Zions Bancorporation, National Association from $37.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday, December 18th. Jefferies Financial Group cut their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating on the stock in a research note on Monday. Compass Point reaffirmed a "neutral" rating on shares of Zions Bancorporation, National Association in a research report on Monday, January 8th. Finally, Royal Bank of Canada raised their price objective on Zions Bancorporation, National Association from $45.00 to $46.00 and gave the company a "sector perform" rating in a research report on Tuesday.

Zions Bancorporation, National Association Trading Up 1.2 %

Shares of NASDAQ ZION traded up $0.52 on Tuesday, reaching $43.51. 1,838,158 shares of the company traded hands, compared to its average volume of 3,159,313. The stock has a market capitalization of $6.42 billion, a PE ratio of 10.00 and a beta of 1.13. Zions Bancorporation, National Association has a fifty-two week low of $18.26 and a fifty-two week high of $46.15. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The company has a 50 day moving average of $40.70 and a 200 day moving average of $38.79.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.10). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $754.81 million. Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. During the same quarter last year, the business earned $1.84 EPS. On average, equities research analysts forecast that Zions Bancorporation, National Association will post 4.3 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Wednesday, February 14th. Zions Bancorporation, National Association's payout ratio is 37.70%.

Insider Activity at Zions Bancorporation, National Association

In other news, VP A Scott Anderson sold 4,093 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the transaction, the vice president now owns 14,665 shares in the company, valued at $648,926.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Harris H. Simmons bought 3,600 shares of the company's stock in a transaction on Tuesday, February 6th. The stock was bought at an average cost of $38.99 per share, with a total value of $140,364.00. Following the completion of the purchase, the chief executive officer now owns 1,261,866 shares in the company, valued at approximately $49,200,155.34. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP A Scott Anderson sold 4,093 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $44.25, for a total transaction of $181,115.25. Following the sale, the vice president now directly owns 14,665 shares in the company, valued at $648,926.25. The disclosure for this sale can be found here. Insiders sold 18,022 shares of company stock valued at $744,893 in the last ninety days. Insiders own 2.22% of the company's stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Zions Bancorporation, National Association by 0.3% during the second quarter. BlackRock Inc. now owns 10,446,271 shares of the bank's stock worth $280,587,000 after buying an additional 32,883 shares during the last quarter. State Street Corp raised its position in shares of Zions Bancorporation, National Association by 14.9% during the 1st quarter. State Street Corp now owns 8,262,892 shares of the bank's stock valued at $247,308,000 after acquiring an additional 1,069,816 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Zions Bancorporation, National Association by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank's stock valued at $220,077,000 after purchasing an additional 927,899 shares during the period. Morgan Stanley boosted its position in shares of Zions Bancorporation, National Association by 19.8% in the 3rd quarter. Morgan Stanley now owns 4,513,266 shares of the bank's stock worth $157,468,000 after purchasing an additional 745,919 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Zions Bancorporation, National Association by 1.4% during the third quarter. Invesco Ltd. now owns 3,973,319 shares of the bank's stock worth $138,629,000 after purchasing an additional 53,859 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, National Association Company Profile

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.