Zions Bancorporation, N.A. (NASDAQ:ZION) Receives $60.78 Consensus PT from Analysts

Zions Bancorporation, N.A. (NASDAQ:ZION) has received an average rating of “Hold” from the nineteen ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $60.78.

A number of equities research analysts have issued reports on the stock. Citigroup increased their target price on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Stephens cut their price objective on Zions Bancorporation, N.A. from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Truist Financial boosted their target price on Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the company a “hold” rating in a research note on Wednesday, July 23rd. Wall Street Zen raised Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Finally, Argus raised Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Monday, April 28th.

Zions Bancorporation, N.A. Price Performance

ZION opened at $54.21 on Monday. The firm has a market capitalization of $8.00 billion, a P/E ratio of 9.91, a PEG ratio of 1.55 and a beta of 0.90. The stock has a fifty day moving average of $51.61 and a 200-day moving average of $50.86. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.27. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%. The firm had revenue of $838.00 million for the quarter, compared to analyst estimates of $810.24 million. During the same period in the previous year, the firm earned $1.28 earnings per share. Equities analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 annualized dividend and a yield of 3.17%. Zions Bancorporation, N.A.’s payout ratio is 31.44%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management bought a new position in Zions Bancorporation, N.A. during the first quarter valued at about $25,000. Curat Global LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter worth approximately $25,000. New Age Alpha Advisors LLC bought a new stake in shares of Zions Bancorporation, N.A. during the first quarter valued at approximately $40,000. Covestor Ltd raised its stake in shares of Zions Bancorporation, N.A. by 128.1% in the fourth quarter. Covestor Ltd now owns 853 shares of the bank’s stock valued at $46,000 after purchasing an additional 479 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Zions Bancorporation, N.A. in the first quarter valued at $50,000. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. 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.