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

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target boosted by Wedbush from $52.00 to $55.00 in a report issued on Tuesday, Benzinga reports. Wedbush currently has 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.

A number of other analysts have also weighed in on the stock. Compass Point increased their price objective on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Royal Bank of Canada raised their price target on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Argus downgraded Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. StockNews.com upgraded Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Truist Financial cut their price target on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $52.82.

Zions Bancorporation, National Association Price Performance

Shares of Zions Bancorporation, National Association stock opened at $51.34 on Tuesday. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.84 and a current ratio of 0.78. The stock has a 50 day moving average price of $48.07 and a 200-day moving average price of $45.48. Zions Bancorporation, National Association has a one year low of $28.98 and a one year high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. During the same period in the previous year, the firm earned $1.13 earnings per share. Equities analysts expect that Zions Bancorporation, National Association will post 4.6 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

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

Insider Activity at Zions Bancorporation, National Association

In other news, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the sale, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several institutional investors and hedge funds have recently bought and sold shares of ZION. Comerica Bank lifted its holdings in shares of 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. Jacobs Levy Equity Management Inc. acquired a new position in Zions Bancorporation, National Association during the 1st quarter valued at about $1,959,000. Retirement Systems of Alabama increased its position in Zions Bancorporation, National Association by 469.8% during the 1st quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock valued at $8,074,000 after buying an additional 153,387 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Zions Bancorporation, National Association by 345.2% in the first quarter. Mutual of America Capital Management LLC now owns 88,271 shares of the bank’s stock valued at $3,831,000 after buying an additional 68,445 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Zions Bancorporation, National Association by 71.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 118,248 shares of the bank’s stock worth $5,136,000 after acquiring an additional 49,213 shares in the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.