Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Cut to $52.00 by Analysts at Truist Financial

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target lowered by Truist Financial from $54.00 to $52.00 in a report published on Friday, Benzinga reports. Truist Financial currently has a hold rating on the bank’s stock.

Other equities research analysts have also issued reports about the stock. Argus lowered shares of Zions Bancorporation, National Association from a buy rating to a hold rating in a research note on Thursday, July 25th. Wells Fargo & Company lowered their target price on shares of Zions Bancorporation, National Association from $52.00 to $50.00 and set an equal weight rating on the stock in a research note on Wednesday, August 21st. Morgan Stanley increased their target price on shares of Zions Bancorporation, National Association from $42.00 to $54.00 and gave the stock an underweight rating in a research note on Monday, August 5th. Robert W. Baird increased their target price on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a neutral rating in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group lowered their target price on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a hold rating on the stock in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $48.72.

Zions Bancorporation, National Association Price Performance

Shares of ZION opened at $47.99 on Friday. The business’s 50-day moving average is $48.00 and its two-hundred day moving average is $44.29. The company has a market capitalization of $7.09 billion, a P/E ratio of 12.06, a P/E/G ratio of 2.83 and a beta of 1.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.18. The company had revenue of $776.00 million for 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 firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $1.11 EPS. Research analysts predict that Zions Bancorporation, National Association will post 4.52 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

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

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $51.83, for a total value of $3,109,800.00. Following the completion of the sale, the president now owns 74,286 shares in the company, valued at approximately $3,850,243.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the completion of the sale, the president now owns 74,286 shares in the company, valued at approximately $3,850,243.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $925,528.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,073 shares of company stock worth $3,476,298. Insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new stake in Zions Bancorporation, National Association in the 1st quarter valued at approximately $27,000. Jones Financial Companies Lllp acquired a new stake in Zions Bancorporation, National Association in the 4th quarter valued at approximately $29,000. ORG Partners LLC acquired a new stake in Zions Bancorporation, National Association in the 2nd quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new stake in Zions Bancorporation, National Association in the 2nd quarter valued at approximately $34,000. Finally, Rothschild Investment LLC acquired a new stake in Zions Bancorporation, National Association in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.