By otakuyassine3@gmail.com 
UBS Group initiated coverage on shares of Zions Bancorporation, National Association (NASDAQ:ZION – Free Report) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $64.00 price objective on the bank’s stock.
Several other equities research analysts have also recently commented on the stock. Robert W. Baird lifted their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Truist Financial upped their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Barclays lifted their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada increased their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and an average target price of $57.06.
Check Out Our Latest Research Report on ZION
Zions Bancorporation, National Association Stock Down 1.4 %
Shares of ZION opened at $52.36 on Tuesday. The business’s 50 day simple moving average is $56.18 and its 200-day simple moving average is $49.58. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22. The company has a market capitalization of $7.73 billion, a P/E ratio of 11.93, a PEG ratio of 5.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81.
Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. During the same quarter in the prior year, the firm earned $1.13 EPS. As a group, sell-side analysts predict that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.
Zions Bancorporation, National Association Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 39.18%.
Insider Buying and Selling
In other news, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. This represents a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the completion of the transaction, the vice president now owns 35,878 shares in the company, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,881 shares of company stock worth $1,108,184. Company insiders own 2.22% of the company’s stock.
Institutional Investors Weigh In On Zions Bancorporation, National Association
A number of institutional investors have recently modified their holdings of ZION. Franklin Resources Inc. boosted its stake in shares of Zions Bancorporation, National Association by 13.6% in the third quarter. Franklin Resources Inc. now owns 203,567 shares of the bank’s stock valued at $10,195,000 after buying an additional 24,414 shares during the period. Sanctuary Advisors LLC acquired a new position in Zions Bancorporation, National Association in the 3rd quarter valued at $226,000. Virtu Financial LLC bought a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter valued at $583,000. TD Private Client Wealth LLC grew its holdings in shares of Zions Bancorporation, National Association by 15.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after purchasing an additional 375 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Zions Bancorporation, National Association by 9.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 8,802 shares of the bank’s stock worth $426,000 after purchasing an additional 768 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.
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.
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