Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $55.00 at Wedbush

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective upped by Wedbush from $52.00 to $55.00 in a report published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the bank’s stock. Wedbush also issued estimates for Zions Bancorporation, National Association’s Q4 2024 earnings at $1.14 EPS, FY2024 earnings at $4.75 EPS, Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.17 EPS, Q4 2025 earnings at $1.19 EPS, FY2025 earnings at $4.40 EPS and FY2026 earnings at $4.70 EPS.

Several other research firms have also commented on ZION. Wells Fargo & Company raised their price target on shares of Zions Bancorporation, National Association from $50.00 to $54.00 and gave the company an “equal weight” rating in a research report on Tuesday. Compass Point raised their target price on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group upped their price target on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday. Evercore ISI dropped their price objective on Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Finally, Robert W. Baird upped their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $52.82.

Zions Bancorporation, National Association Trading Down 1.6 %

Zions Bancorporation, National Association stock opened at $51.34 on Tuesday. The stock has a 50-day moving average price of $48.07 and a 200 day moving average price of $45.48. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. Zions Bancorporation, National Association has a 52 week low of $28.98 and a 52 week high of $53.32. The company has a quick ratio of 0.84, a current ratio of 0.78 and a debt-to-equity ratio of 0.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same period in the prior year, the firm earned $1.13 EPS. Sell-side analysts anticipate that Zions Bancorporation, National Association will post 4.6 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 41.21%.

Insider Transactions at Zions Bancorporation, National Association

In related news, VP Bruce K. Alexander sold 5,156 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the sale, the vice president now owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. 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. 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 modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of Zions Bancorporation, National Association by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 17,158 shares of the bank’s stock valued at $810,000 after acquiring an additional 1,160 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Zions Bancorporation, National Association by 0.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock worth $1,947,000 after purchasing an additional 348 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Zions Bancorporation, National Association by 11.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,035 shares of the bank’s stock valued at $4,183,000 after purchasing an additional 9,393 shares during the last quarter. Lake Street Advisors Group LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter valued at approximately $206,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Zions Bancorporation, National Association by 124.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 290,165 shares of the bank’s stock worth $13,702,000 after buying an additional 161,118 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

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.