Zions Bancorporation, N.A. (NASDAQ:ZION) Receives Average Rating of “Hold” from Brokerages

Shares of Zions Bancorporation, N.A. (NASDAQ:ZIONGet Free Report) have earned an average rating of “Hold” from the twenty-one analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $63.3158.

Several brokerages have recently weighed in on ZION. Evercore lifted their target price on shares of Zions Bancorporation, N.A. from $65.00 to $68.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. Piper Sandler raised their price target on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. UBS Group decreased their price objective on Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Jefferies Financial Group raised Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and increased their target price for the stock from $55.00 to $60.00 in a report on Wednesday, November 19th. Finally, Weiss Ratings raised Zions Bancorporation, N.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 3rd.

Get Our Latest Stock Analysis on Zions Bancorporation, N.A.

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Zions Bancorporation, N.A. Stock Down 4.3%

ZION opened at $60.19 on Friday. The company has a market capitalization of $8.89 billion, a P/E ratio of 10.03 and a beta of 0.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s fifty day moving average price is $59.94 and its two-hundred day moving average price is $56.22. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $66.18.

Zions Bancorporation, N.A. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 12th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, February 12th. Zions Bancorporation, N.A.’s payout ratio is currently 30.00%.

Insiders Place Their Bets

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 6,558 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $64.80, for a total transaction of $424,958.40. Following the sale, the executive vice president directly owned 18,761 shares of the company’s stock, valued at approximately $1,215,712.80. This represents a 25.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric Ellingsen sold 1,519 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $61.27, for a total transaction of $93,069.13. Following the sale, the vice president directly owned 40,361 shares of the company’s stock, valued at approximately $2,472,918.47. The trade was a 3.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,302 shares of company stock worth $3,356,517 in the last quarter. 2.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

A number of large investors have recently bought and sold shares of the business. Traub Capital Management LLC acquired a new stake in Zions Bancorporation, N.A. during the 2nd quarter valued at $31,000. Torren Management LLC bought a new stake in shares of Zions Bancorporation, N.A. during the fourth quarter worth $32,000. Leonteq Securities AG acquired a new stake in shares of Zions Bancorporation, N.A. in the fourth quarter valued at $32,000. Assetmark Inc. raised its holdings in shares of Zions Bancorporation, N.A. by 75.3% in the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after buying an additional 289 shares during the last quarter. Finally, Community Bank N.A. acquired a new position in Zions Bancorporation, N.A. during the 3rd quarter worth about $36,000. 76.84% of the stock is currently owned by institutional investors.

Zions Bancorporation, N.A. Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Zions Bancorporation, N.A. (NASDAQ:ZION)

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