Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $40.00 at Truist Financial

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective increased by Truist Financial from $34.00 to $40.00 in a research report sent to investors on Monday morning, Benzinga reports. Truist Financial currently has a buy rating on the bank’s stock.

Other equities analysts have also recently issued reports about the company. DA Davidson increased their price target on Zions Bancorporation, National Association from $34.00 to $42.00 and gave the stock a buy rating in a report on Monday, July 24th. Jefferies Financial Group increased their price target on Zions Bancorporation, National Association from $31.00 to $33.00 in a report on Tuesday, October 10th. Evercore ISI lowered their target price on Zions Bancorporation, National Association from $44.00 to $41.00 and set an outperform rating for the company in a report on Friday, September 22nd. Wedbush restated a neutral rating and set a $37.00 target price on shares of Zions Bancorporation, National Association in a report on Thursday, October 19th. Finally, Morgan Stanley cut Zions Bancorporation, National Association from an equal weight rating to an underweight rating and raised their target price for the company from $27.00 to $32.00 in a report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of Hold and an average price target of $38.21.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION opened at $35.78 on Monday. The stock has a market cap of $5.30 billion, a PE ratio of 6.61, a P/E/G ratio of 7.59 and a beta of 1.15. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.00. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $55.19. The stock has a fifty day simple moving average of $33.88 and a 200-day simple moving average of $32.31.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $776.00 million during the quarter, compared to analysts’ expectations of $764.26 million. Zions Bancorporation, National Association had a return on equity of 17.72% and a net margin of 18.94%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. Equities analysts anticipate that Zions Bancorporation, National Association will post 4.66 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 9th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend was Wednesday, November 8th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is presently 30.31%.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently made changes to their positions in ZION. Penserra Capital Management LLC acquired a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth about $25,000. IFP Advisors Inc raised its position in shares of Zions Bancorporation, National Association by 628.2% during the 2nd quarter. IFP Advisors Inc now owns 954 shares of the bank’s stock worth $26,000 after acquiring an additional 823 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth about $27,000. Sentry Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth about $29,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Zions Bancorporation, National Association during the first quarter worth approximately $30,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.