Zions Bancorporation, National Association (NASDAQ:ZION) Upgraded at StockNews.com

StockNews.com upgraded shares of Zions Bancorporation, National Association (NASDAQ:ZION) from a sell rating to a hold rating in a research report report published on Friday morning.

A number of other analysts have also recently commented on the company. Truist Financial restated a hold rating and issued a $46.00 price target on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Jefferies Financial Group decreased their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a hold rating on the stock in a research note on Monday, April 8th. Evercore ISI upped their price target on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. raised their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a neutral rating in a research report on Thursday, April 4th. Finally, UBS Group dropped their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a neutral rating for the company in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $43.82.

Zions Bancorporation, National Association Price Performance

NASDAQ ZION opened at $43.32 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 4.99 and a beta of 1.11. The stock has a 50-day moving average of $42.51 and a 200 day moving average of $41.94. Zions Bancorporation, National Association has a one year low of $26.69 and a one year high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. During the same period last year, the firm posted $1.33 EPS. On average, sell-side analysts forecast that Zions Bancorporation, National Association will post 4.37 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th were issued a dividend of $0.41 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.64 annualized dividend and a yield of 3.79%. Zions Bancorporation, National Association’s payout ratio is currently 41.21%.

Insider Transactions at Zions Bancorporation, National Association

In other news, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares in the company, valued at approximately $970,911.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the transaction, the executive vice president now owns 22,238 shares in the company, valued at $970,911.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan M. Forney sold 1,500 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at $968,866.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,296 shares of company stock valued at $319,192. 2.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently modified their holdings of ZION. Fidelis Capital Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the first quarter worth $27,000. Federated Hermes Inc. boosted its holdings in Zions Bancorporation, National Association by 105.4% in the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after purchasing an additional 331 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Zions Bancorporation, National Association during the 4th quarter worth about $29,000. Quarry LP purchased a new position in shares of Zions Bancorporation, National Association during the 4th quarter valued at about $49,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,121 shares of the bank’s stock valued at $49,000 after buying an additional 372 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Company Profile

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.