Zions Bancorporation, National Association (NASDAQ:ZION) Given New $54.00 Price Target at Compass Point

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target upped by Compass Point from $49.00 to $54.00 in a research note issued to investors on Wednesday, Benzinga reports. Compass Point currently has a neutral rating on the bank’s stock.

A number of other equities analysts have also issued reports on the stock. Robert W. Baird raised 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. Evercore ISI decreased their price target on Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Argus cut shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Barclays increased their price target on shares of Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $52.82.

Zions Bancorporation, National Association Trading Down 1.2 %

NASDAQ ZION opened at $51.89 on Wednesday. Zions Bancorporation, National Association has a 12-month low of $28.90 and a 12-month high of $53.32. The company has a fifty day simple moving average of $47.72 and a two-hundred day simple moving average of $45.33. The company has a current ratio of 0.78, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09. The stock has a market cap of $7.66 billion, a P/E ratio of 11.82, a P/E/G ratio of 1.93 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same quarter last year, the business posted $1.13 EPS. On average, analysts forecast that Zions Bancorporation, National Association will post 4.6 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

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 of this dividend was Thursday, August 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.16%. Zions Bancorporation, National Association’s payout ratio is 37.36%.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 24,640 shares in the company, valued at approximately $1,275,859.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the transaction, the vice president now owns 17,857 shares in the company, valued at $925,528.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several large investors have recently modified their holdings of ZION. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Zions Bancorporation, National Association by 11.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,035 shares of the bank’s stock worth $4,183,000 after purchasing an additional 9,393 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in Zions Bancorporation, National Association during the third quarter worth about $206,000. Assenagon Asset Management S.A. increased its position in shares of Zions Bancorporation, National Association by 124.9% during the third quarter. Assenagon Asset Management S.A. now owns 290,165 shares of the bank’s stock valued at $13,702,000 after acquiring an additional 161,118 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Zions Bancorporation, National Association by 4,621.0% in the 3rd quarter. International Assets Investment Management LLC now owns 37,485 shares of the bank’s stock valued at $1,770,000 after acquiring an additional 36,691 shares during the period. Finally, Leo Wealth LLC acquired a new position in shares of Zions Bancorporation, National Association in the 3rd quarter worth approximately $687,000. Institutional investors and hedge funds 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.