Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Cut to $45.00 by Analysts at UBS Group

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target lowered by UBS Group from $47.00 to $45.00 in a research report released on Tuesday, Benzinga reports. The firm currently has a neutral rating on the bank’s stock.

A number of other brokerages have also recently commented on ZION. Compass Point reaffirmed a neutral rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th. Barclays upped their target price on shares of Zions Bancorporation, National Association from $35.00 to $47.00 and gave the company an underweight rating in a report on Tuesday, January 2nd. Stephens upped their target price on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an equal weight rating in a report on Tuesday, January 23rd. Royal Bank of Canada upped their target price on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a sector perform rating in a report on Tuesday. Finally, Robert W. Baird reduced their target price on shares of 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. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $43.15.

Zions Bancorporation, National Association Stock Up 1.0 %

Shares of Zions Bancorporation, National Association stock opened at $41.75 on Tuesday. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 9.60 and a beta of 1.13. The company’s 50 day moving average is $40.83 and its 200 day moving average is $39.26. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, April 22nd. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. During the same quarter last year, the company earned $1.33 EPS. Research analysts anticipate that Zions Bancorporation, National Association will post 4.27 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.64 annualized dividend and a yield of 3.93%. Zions Bancorporation, National Association’s payout ratio is 37.70%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of Zions Bancorporation, National Association stock in a transaction 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 directly owns 14,665 shares of the company’s stock, valued at approximately $648,926.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Zions Bancorporation, National Association news, CEO Harris H. Simmons acquired 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP A Scott Anderson sold 4,093 shares of Zions Bancorporation, National Association stock in a transaction on Friday, January 26th. The stock was sold at an average price of $44.25, for a total transaction of $181,115.25. Following the completion of the transaction, the vice president now directly owns 14,665 shares of the company’s stock, valued at $648,926.25. The disclosure for this sale can be found here. Insiders sold 18,022 shares of company stock worth $744,893 over the last 90 days. 2.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of large investors have recently made changes to their positions in the company. Global Retirement Partners LLC boosted its stake in shares of Zions Bancorporation, National Association by 60.5% during the 1st quarter. Global Retirement Partners LLC now owns 9,402 shares of the bank’s stock worth $408,000 after purchasing an additional 3,545 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Zions Bancorporation, National Association by 373.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 42,600 shares of the bank’s stock worth $1,849,000 after purchasing an additional 33,600 shares during the period. Amalgamated Bank boosted its stake in shares of Zions Bancorporation, National Association by 69.2% during the 1st quarter. Amalgamated Bank now owns 100,466 shares of the bank’s stock worth $4,360,000 after purchasing an additional 41,081 shares during the period. New Mexico Educational Retirement Board boosted its stake in shares of Zions Bancorporation, National Association by 304.1% during the 1st quarter. New Mexico Educational Retirement Board now owns 31,000 shares of the bank’s stock worth $1,345,000 after purchasing an additional 23,328 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Zions Bancorporation, National Association by 60.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 46,846 shares of the bank’s stock worth $2,033,000 after purchasing an additional 17,581 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.