Zions Bancorporation, N.A. (NASDAQ:ZION) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts give Zions Bancorporation an average recommendation of "Hold" from 22 firms (1 sell, 15 hold, 5 buy, 1 strong buy) with a 12‑month consensus price target of $62.79.
• ZION trades near $58.13 (1‑year range $39.32–$66.18) with a market cap of $8.55B, a P/E of 9.69, and pays a quarterly dividend of $0.45 (annual yield ~3.1%, payout ratio 30%).
• Insider and institutional activity is notable: CEO Harris H. Simmons bought 4,500 shares at $59.03 while insiders sold 55,581 shares over three months, and institutional ownership stands at ~76.84% with large new stakes from Norges Bank and Balyasny.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) has earned a consensus recommendation of "Hold" from the twenty-two research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $62.7895.

Several analysts have recently commented on the company. Weiss Ratings downgraded Zions Bancorporation, N.A. from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, March 12th. Brean Capital started coverage on Zions Bancorporation, N.A. in a report on Thursday, March 12th. They issued a "neutral" rating on the stock. TD Cowen raised their price objective on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the company a "hold" rating in a research note on Wednesday, January 21st. Truist Financial upped their target price on Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the stock a "hold" rating in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada increased their target price on Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 21st.

Zions Bancorporation, N.A. Stock Performance

ZION opened at $58.13 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 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a market cap of $8.55 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 1.47 and a beta of 0.81. The company has a fifty day moving average price of $58.64 and a two-hundred day moving average price of $56.79.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.80 annualized dividend and a yield of 3.1%. Zions Bancorporation, N.A.'s dividend payout ratio is presently 30.00%.

Insider Activity

In other Zions Bancorporation, N.A. news, CEO Harris H. Simmons purchased 4,500 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average price of $59.03 per share, with a total value of $265,635.00. Following the transaction, the chief executive officer owned 1,317,493 shares in the company, valued at $77,771,611.79. The trade was a 0.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 6,558 shares of Zions Bancorporation, N.A. stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $64.80, for a total value of $424,958.40. Following the transaction, the executive vice president owned 18,761 shares of the company's stock, valued at $1,215,712.80. This trade represents a 25.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 55,581 shares of company stock valued at $3,498,774. 2.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Zions Bancorporation, N.A. during the fourth quarter worth $105,700,000. Balyasny Asset Management L.P. lifted its stake in Zions Bancorporation, N.A. by 1,270.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,146,992 shares of the bank's stock valued at $67,145,000 after acquiring an additional 1,063,303 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Zions Bancorporation, N.A. by 31.6% during the 3rd quarter. AQR Capital Management LLC now owns 2,963,545 shares of the bank's stock worth $167,677,000 after acquiring an additional 711,218 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Zions Bancorporation, N.A. during the 2nd quarter worth $32,008,000. Finally, FIL Ltd grew its stake in shares of Zions Bancorporation, N.A. by 117.6% in the 4th quarter. FIL Ltd now owns 1,113,079 shares of the bank's stock worth $65,160,000 after acquiring an additional 601,610 shares in the last quarter. Institutional investors own 76.84% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.