Zions Bancorporation, National Association (NASDAQ:ZION) PT Lowered to $45.00

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) had its price objective decreased by Jefferies Financial Group from $47.00 to $45.00 in a research report released on Monday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the bank's stock.

Several other brokerages have also issued reports on ZION. Compass Point reiterated a neutral rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th. TheStreet upgraded Zions Bancorporation, National Association from a c+ rating to a b- rating in a report on Wednesday, January 3rd. Robert W. Baird cut their price objective on Zions Bancorporation, National Association from $50.00 to $48.00 and set a neutral rating for the company in a report on Tuesday, January 23rd. Wedbush cut their price objective on Zions Bancorporation, National Association from $48.00 to $46.00 and set a neutral rating for the company in a report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a neutral rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $42.72.

Zions Bancorporation, National Association Price Performance

Shares of ZION traded up $0.91 during trading hours on Monday, hitting $42.99. 1,458,405 shares of the company were exchanged, compared to its average volume of 3,179,031. The company has a market capitalization of $6.35 billion, a PE ratio of 9.89 and a beta of 1.13. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a fifty day simple moving average of $40.76 and a 200-day simple moving average of $38.66. Zions Bancorporation, National Association has a one year low of $18.26 and a one year high of $46.15.

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

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Wednesday, February 14th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 37.70%.

Insider Buying and Selling

In other news, CEO Harris H. Simmons bought 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,312,987 shares in the company, valued at $50,602,518.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, CEO Harris H. Simmons bought 4,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the purchase, the chief executive officer now directly owns 1,312,987 shares of the company's stock, valued at approximately $50,602,518.98. The disclosure for this purchase can be found here. Insiders have sold a total of 18,022 shares of company stock valued at $744,893 over the last three months. 2.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZION. BlackRock Inc. raised its position in shares of Zions Bancorporation, National Association by 0.3% during the 2nd quarter. BlackRock Inc. now owns 10,446,271 shares of the bank's stock valued at $280,587,000 after acquiring 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 raised its position in shares of Zions Bancorporation, National Association by 22.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank's stock valued at $220,077,000 after acquiring an additional 927,899 shares during the last quarter. Morgan Stanley raised its position in shares of Zions Bancorporation, National Association by 19.8% during the 3rd quarter. Morgan Stanley now owns 4,513,266 shares of the bank's stock valued at $157,468,000 after acquiring an additional 745,919 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Zions Bancorporation, National Association by 1.4% during the 3rd quarter. Invesco Ltd. now owns 3,973,319 shares of the bank's stock valued at $138,629,000 after acquiring an additional 53,859 shares during the last quarter. Institutional investors own 76.84% of the company's stock.

About Zions Bancorporation, National Association

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.