Zions Bancorporation, National Association (NASDAQ:ZION) Given New $67.00 Price Target at The Goldman Sachs Group

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target increased by The Goldman Sachs Group from $59.00 to $67.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the bank’s stock.

ZION has been the topic of a number of other research reports. Truist Financial raised their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Royal Bank of Canada raised their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Wedbush upped their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price objective on Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Compass Point upped their target price on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and an average target price of $55.13.

Zions Bancorporation, National Association Price Performance

ZION opened at $61.11 on Tuesday. The stock has a fifty day moving average price of $52.11 and a 200 day moving average price of $47.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a 1 year low of $33.66 and a 1 year high of $63.22. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 5.36 and a beta of 1.07.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.16 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $1.13 EPS. Analysts forecast that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 39.18%.

Insider Buying and Selling

In other news, VP Eric Ellingsen sold 1,238 shares of the firm’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 directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Anne Smith sold 3,605 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $58.06, for a total transaction of $209,306.30. Following the completion of the sale, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,434,894.84. The trade was a 12.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,375 shares of company stock valued at $527,748 over the last three months. 2.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC boosted its stake in Zions Bancorporation, National Association by 37.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,271 shares of the bank’s stock valued at $489,000 after buying an additional 3,061 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Zions Bancorporation, National Association by 103.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock valued at $7,163,000 after purchasing an additional 4,993,164 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Zions Bancorporation, National Association during the 1st quarter worth about $1,959,000. Comerica Bank lifted its holdings in Zions Bancorporation, National Association by 331.1% during the 1st quarter. Comerica Bank now owns 118,861 shares of the bank’s stock valued at $5,159,000 after purchasing an additional 91,289 shares during the last quarter. Finally, EMC Capital Management boosted its position in Zions Bancorporation, National Association by 183.5% in the first quarter. EMC Capital Management now owns 10,250 shares of the bank’s stock valued at $445,000 after buying an additional 6,635 shares in the last quarter. Institutional investors 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.