Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services. As of December 31, 2020, it operated 422 branches, which included 273 owned and 149 leased. The company was formerly known as ZB, National Association and changed its name to Zions Bancorporation, National Association in September 2018. Zions Bancorporation, National Association was founded in 1873 and is headquartered in Salt Lake City, Utah.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Robert W. Baird raised Zions Bancorporation, National Association from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $49.00 to $60.00 in a research report on Monday, April 18th. Truist Financial lowered their price objective on Zions Bancorporation, National Association to $60.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. Piper Sandler lowered their price objective on Zions Bancorporation, National Association to $66.00 in a report on Monday, July 4th. JPMorgan Chase & Co. lowered their price objective on Zions Bancorporation, National Association from $75.00 to $62.00 and set a "neutral" rating for the company in a report on Friday, July 1st. Finally, Jefferies Financial Group lowered their price objective on Zions Bancorporation, National Association from $69.00 to $63.00 in a report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $65.42.
Zions Bancorporation, National Association Stock Performance
Shares of NASDAQ:ZION traded up $0.09 during midday trading on Monday, hitting $54.09. 993,048 shares of the company's stock were exchanged, compared to its average volume of 1,541,298. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.70 and a quick ratio of 0.70. The stock's 50 day moving average price is $52.95 and its 200-day moving average price is $60.18. The firm has a market cap of $8.19 billion, a P/E ratio of 10.09, a PEG ratio of 2.33 and a beta of 1.27. Zions Bancorporation, National Association has a twelve month low of $47.92 and a twelve month high of $75.44.
Zions Bancorporation, National Association (NASDAQ:ZION - Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The bank reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.06). Zions Bancorporation, National Association had a return on equity of 13.53% and a net margin of 29.21%. During the same period last year, the company earned $2.08 EPS. Equities research analysts anticipate that Zions Bancorporation, National Association will post 5.9 EPS for the current year.
Zions Bancorporation, National Association Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 3.03%. Zions Bancorporation, National Association's payout ratio is currently 28.41%.
Insider Transactions at Zions Bancorporation, National Association
In related news, EVP Scott A. Law sold 713 shares of the business's stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $54.16, for a total transaction of $38,616.08. Following the sale, the executive vice president now owns 19,424 shares of the company's stock, valued at $1,052,003.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.81% of the company's stock.