Zions Bancorporation, National Association - ZION Stock Forecast, Price & News

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.

Zions Bancorporation, National Association Price Performance

ZION opened at $58.22 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $8.76 billion, a P/E ratio of 10.88, a PEG ratio of 2.43 and a beta of 1.26. The stock has a 50-day moving average price of $52.89 and a 200-day moving average price of $59.96. Zions Bancorporation, National Association has a 12-month low of $47.92 and a 12-month high of $75.44.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Rating) last issued its earnings results 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 in the previous year, the business posted $2.08 earnings per share. Equities analysts predict that Zions Bancorporation, National Association will post 5.91 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 18th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Wednesday, August 17th. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.38. Zions Bancorporation, National Association's dividend payout ratio (DPR) is presently 28.41%.

Wall Street Analyst Weigh In

Several research firms recently commented on ZION. The Goldman Sachs Group cut their price objective on shares of Zions Bancorporation, National Association from $75.00 to $61.50 and set a "neutral" rating for the company in a report on Tuesday, May 31st. Raymond James cut Zions Bancorporation, National Association from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, April 26th. Wolfe Research dropped their price objective on Zions Bancorporation, National Association from $72.00 to $58.00 and set an "outperform" rating on the stock in a report on Thursday, May 26th. JPMorgan Chase & Co. reduced their target price 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, Barclays lowered their price target on shares of Zions Bancorporation, National Association from $81.00 to $71.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of "Hold" and an average price target of $65.42.

Insiders Place Their Bets

In other news, EVP Terry Alan Shirey sold 4,448 shares of Zions Bancorporation, National Association stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $56.40, for a total value of $250,867.20. Following the transaction, the executive vice president now owns 21,469 shares in the company, valued at $1,210,851.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 4,448 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $56.40, for a total value of $250,867.20. Following the transaction, the executive vice president now directly owns 21,469 shares of the company's stock, valued at approximately $1,210,851.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott A. Law sold 713 shares of the stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $54.16, for a total value of $38,616.08. Following the sale, the executive vice president now directly owns 19,424 shares of the company's stock, valued at approximately $1,052,003.84. The disclosure for this sale can be found here. Insiders sold 9,936 shares of company stock valued at $558,507 over the last three months. Insiders own 1.81% of the company's stock.