Zions Bancorporation, National Association (NASDAQ:ZION) Stock Rating Upgraded by StockNews.com

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

Several other brokerages have also recently weighed in on ZION. Wells Fargo & Company increased their price target on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company an equal weight rating in a research report on Tuesday, July 23rd. Truist Financial lifted their price objective on Zions Bancorporation, National Association from $45.00 to $54.00 and gave the stock a hold rating in a research report on Wednesday, July 24th. Royal Bank of Canada lifted their price target on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a sector perform rating in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Zions Bancorporation, National Association in a research report on Wednesday, April 10th. They issued a hold rating and a $47.00 target price for the company. Finally, Stephens boosted their price target on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an equal weight rating in a research report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $48.06.

Zions Bancorporation, National Association Stock Down 3.8 %

ZION opened at $46.78 on Tuesday. Zions Bancorporation, National Association has a 12 month low of $28.90 and a 12 month high of $53.32. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average price is $44.85 and its 200-day moving average price is $42.71. The company has a market cap of $6.91 billion, a P/E ratio of 11.75, a P/E/G ratio of 3.12 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The business had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. On average, equities analysts expect that Zions Bancorporation, National Association will post 4.53 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 15th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.51%. Zions Bancorporation, National Association’s payout ratio is 41.21%.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the sale, the vice president now directly owns 17,857 shares in the company, valued at $925,528.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,578 shares of company stock valued at $3,498,965. 2.22% of the stock is owned by insiders.

Institutional Trading of Zions Bancorporation, National Association

Large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Zions Bancorporation, National Association by 55.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock worth $2,644,000 after purchasing an additional 21,551 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Zions Bancorporation, National Association by 119.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after buying an additional 1,259,571 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Zions Bancorporation, National Association by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,746,184 shares of the bank’s stock worth $164,345,000 after buying an additional 27,934 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth $1,268,000. Finally, Retirement Systems of Alabama increased its position in Zions Bancorporation, National Association by 469.8% during the first quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock valued at $8,074,000 after acquiring an additional 153,387 shares during the last quarter. 76.84% of the stock is currently owned by 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.