Zions Bancorporation, N.A. (NASDAQ:ZION – Free Report) had its target price lifted by Royal Bank Of Canada from $63.00 to $64.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a sector perform rating on the bank’s stock.
A number of other research firms have also commented on ZION. JPMorgan Chase & Co. increased their price objective on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. Evercore ISI downgraded shares of Zions Bancorporation, N.A. from an “outperform” rating to a “hold” rating and set a $65.00 target price for the company. in a research note on Tuesday, January 6th. Robert W. Baird raised shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Friday, October 17th. Stephens lifted their price target on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Zacks Research downgraded shares of Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Zions Bancorporation, N.A. currently has an average rating of “Hold” and an average target price of $63.16.
Read Our Latest Research Report on Zions Bancorporation, N.A.
Zions Bancorporation, N.A. Price Performance
Zions Bancorporation, N.A. Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, November 13th. Zions Bancorporation, N.A.’s dividend payout ratio is presently 30.00%.
Insider Activity
In related news, EVP Jennifer Anne Smith sold 2,458 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $53.11, for a total value of $130,544.38. Following the completion of the sale, the executive vice president directly owned 27,133 shares in the company, valued at approximately $1,441,033.63. The trade was a 8.31% 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 the SEC website. Corporate insiders own 2.22% of the company’s stock.
Hedge Funds Weigh In On Zions Bancorporation, N.A.
A number of hedge funds have recently made changes to their positions in ZION. Traub Capital Management LLC purchased a new stake in shares of Zions Bancorporation, N.A. during the 2nd quarter valued at $31,000. Assetmark Inc. raised its position in shares of Zions Bancorporation, N.A. by 75.3% in the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after buying an additional 289 shares during the period. Community Bank N.A. purchased a new position in shares of Zions Bancorporation, N.A. in the 3rd quarter worth $36,000. Steph & Co. acquired a new position in Zions Bancorporation, N.A. in the third quarter valued at $37,000. Finally, Salomon & Ludwin LLC purchased a new stake in Zions Bancorporation, N.A. during the third quarter valued at about $37,000. Institutional investors and hedge funds own 76.84% of the company’s stock.
Key Zions Bancorporation, N.A. News
Here are the key news stories impacting Zions Bancorporation, N.A. this week:
- Positive Sentiment: Multiple sell‑side price‑target raises: Stephens and Piper Sandler lifted targets to $65, reflecting stronger earnings momentum and upside to the stock. Stephens increases PT to $65
- Positive Sentiment: Royal Bank of Canada raised its target to $64 and highlighted upside prospects for ZION. RBC raises PT to $64
- Positive Sentiment: Piper Sandler reiteration/boost to $65 reinforces buy‑side interest after Q4 results. Piper Sandler boosts PT
- Positive Sentiment: TD Cowen flagged strong price‑appreciation potential for ZION, adding to bullish analyst tone. TD Cowen forecast
- Positive Sentiment: Company fundamentals: Q4 showed 31% net earnings growth, NII expansion, 2.5% YoY loan growth and improved asset quality (net charge‑offs ~0.05%), supporting earnings durability. Seeking Alpha: Zions strong setup
- Positive Sentiment: Earnings call recap highlighted profitable momentum and management commentary that reinforced the upbeat analyst moves. TipRanks earnings call summary
- Neutral Sentiment: Citigroup and Truist raised price targets (Citigroup to $64, Truist to $63) but kept neutral/hold stances, offering limited near‑term bullish conviction. Benzinga coverage
- Neutral Sentiment: Zacks published a piece on ZION’s dividend appeal — supportive for income investors but less likely to move the stock immediately. Zacks: Zions dividend story
About Zions Bancorporation, N.A.
Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.
The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.
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