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.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. 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 research report on Wednesday, July 27th. JPMorgan Chase & Co. lowered their price target on shares of Zions Bancorporation, National Association from $75.00 to $62.00 and set a "neutral" rating on the stock in a research report on Friday, July 1st. Truist Financial lowered their price target on shares of Zions Bancorporation, National Association to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 27th. B. Riley lowered their price target on shares of Zions Bancorporation, National Association from $60.00 to $55.00 in a research report on Wednesday, July 27th. Finally, Robert W. Baird raised shares of Zions Bancorporation, National Association from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $49.00 to $60.00 in a report on Monday, April 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $65.42.

Zions Bancorporation, National Association Trading Up 0.7 %

Shares of Zions Bancorporation, National Association stock traded up $0.42 during trading on Monday, reaching $58.64. The company's stock had a trading volume of 1,287,334 shares, compared to its average volume of 1,532,551. Zions Bancorporation, National Association has a 52-week low of $47.92 and a 52-week high of $75.44. The company has a market cap of $8.82 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 2.50 and a beta of 1.27. The firm's 50-day moving average is $52.89 and its two-hundred day moving average is $59.86. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.13.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The bank reported $1.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.06). Zions Bancorporation, National Association had a net margin of 29.21% and a return on equity of 13.53%. During the same quarter in the previous year, the firm posted $2.08 earnings per share. On average, sell-side analysts anticipate that Zions Bancorporation, National Association will post 5.92 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders 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 represents a $1.64 annualized dividend and a yield of 2.80%. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.38. Zions Bancorporation, National Association's dividend payout ratio is presently 28.41%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Mark Richard Young sold 4,775 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $56.34, for a total transaction of $269,023.50. Following the completion of the sale, the vice president now owns 11,646 shares of the company's stock, valued at approximately $656,135.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 4,448 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $56.40, for a total transaction of $250,867.20. Following the completion of the sale, the executive vice president now owns 21,469 shares of the company's stock, valued at approximately $1,210,851.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mark Richard Young sold 4,775 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $56.34, for a total transaction of $269,023.50. Following the sale, the vice president now directly owns 11,646 shares of the company's stock, valued at approximately $656,135.64. The disclosure for this sale can be found here. Insiders sold 9,936 shares of company stock valued at $558,507 in the last quarter. Company insiders own 1.81% of the company's stock.