Zions Bancorporation, National Association (NASDAQ:ZION) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Zions Bancorporation, National Association (NASDAQ:ZION) to a hold rating in a research note published on Wednesday, Zacks.com reports.

Several other research firms also recently issued reports on ZION. Wedbush boosted their price target on Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a neutral rating in a research note on Tuesday, July 23rd. Jefferies Financial Group reduced their target price on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a hold rating for the company in a research report on Wednesday, September 11th. Morgan Stanley upped their price target on shares of Zions Bancorporation, National Association from $42.00 to $54.00 and gave the company an underweight rating in a research note on Monday, August 5th. Royal Bank of Canada lifted their price objective on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a sector perform rating in a research note on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the stock a market perform rating in a research report on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Zions Bancorporation, National Association has a consensus rating of Hold and an average target price of $48.72.

Zions Bancorporation, National Association Stock Performance

ZION opened at $47.99 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32. The business has a 50 day moving average of $48.00 and a 200-day moving average of $44.24. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 2.83 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18. The business had revenue of $776.00 million during the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 EPS. On average, equities research analysts expect that Zions Bancorporation, National Association will post 4.52 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is presently 41.21%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the completion of the transaction, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $51.78, for a total transaction of $99,262.26. Following the sale, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,073 shares of company stock worth $3,476,298. Insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fidelis Capital Partners LLC acquired a new position in shares of Zions Bancorporation, National Association during the first quarter worth approximately $27,000. Jones Financial Companies Lllp bought a new stake in shares of Zions Bancorporation, National Association during the fourth quarter worth about $29,000. ORG Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth about $33,000. International Assets Investment Management LLC bought a new position in Zions Bancorporation, National Association in the 2nd quarter valued at about $34,000. Finally, Rothschild Investment LLC purchased a new position in shares of Zions Bancorporation, National Association during the second quarter valued at approximately $39,000. 76.84% of the stock is 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.