Zions Bancorporation NA (NASDAQ:ZION) has been given a consensus recommendation of “Buy” by the nineteen brokerages that are presently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $51.07.
A number of analysts have recently weighed in on ZION shares. Wedbush upped their price objective on Zions Bancorporation NA from $41.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. BidaskClub upgraded Zions Bancorporation NA from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Bank of America boosted their target price on Zions Bancorporation NA from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Jefferies Financial Group downgraded Zions Bancorporation NA from a “buy” rating to a “hold” rating and cut their price target for the stock from $51.00 to $46.00 in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lowered Zions Bancorporation NA from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $53.00 to $47.00 in a research report on Tuesday, July 23rd.
In other news, EVP Terry Alan Shirey sold 9,429 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $48.47, for a total transaction of $457,023.63. Also, VP Randy R. Stewart sold 4,269 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $50.95, for a total value of $217,505.55. In the last quarter, insiders have sold 72,666 shares of company stock valued at $3,655,946. Insiders own 1.70% of the company’s stock.
ZION traded down $0.42 during trading hours on Friday, hitting $48.88. 2,294,400 shares of the company’s stock were exchanged, compared to its average volume of 2,313,778. Zions Bancorporation NA has a 12-month low of $38.08 and a 12-month high of $51.81. The firm has a 50 day moving average of $47.03 and a 200 day moving average of $44.83. The firm has a market cap of $8.45 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 1.64 and a beta of 1.57. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.
Zions Bancorporation NA (NASDAQ:ZION) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.09. The company had revenue of $713.00 million during the quarter, compared to analysts’ expectations of $709.29 million. Zions Bancorporation NA had a net margin of 26.50% and a return on equity of 12.27%. During the same quarter last year, the company posted $1.04 EPS. As a group, research analysts expect that Zions Bancorporation NA will post 4.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.78%. Zions Bancorporation NA’s payout ratio is currently 33.33%.
Zions Bancorporation NA Company Profile
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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