Analysts Set Zions Bancorporation, N.A. (NASDAQ:ZION) PT at $60.95

Zions Bancorporation, N.A. (NASDAQ:ZION) has received a consensus rating of “Hold” from the nineteen ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $60.9474.

ZION has been the topic of a number of research analyst reports. Citigroup increased their price target on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. DA Davidson upped their target price on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Robert W. Baird upped their target price on Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Wall Street Zen raised Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Finally, Royal Bank Of Canada upped their target price on Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 22nd.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. purchased a new stake in Zions Bancorporation, N.A. in the 1st quarter valued at $224,000. Principal Financial Group Inc. raised its position in Zions Bancorporation, N.A. by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 340,066 shares of the bank’s stock valued at $16,956,000 after buying an additional 1,561 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Zions Bancorporation, N.A. in the 1st quarter valued at $3,383,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Zions Bancorporation, N.A. in the 1st quarter valued at $1,261,000. Finally, Teacher Retirement System of Texas increased its position in shares of Zions Bancorporation, N.A. by 6.2% during the 1st quarter. Teacher Retirement System of Texas now owns 48,147 shares of the bank’s stock valued at $2,401,000 after purchasing an additional 2,821 shares during the last quarter. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Stock Performance

Zions Bancorporation, N.A. stock opened at $59.15 on Tuesday. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $63.22. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $55.48 and its two-hundred day moving average price is $50.62. The stock has a market cap of $8.73 billion, a PE ratio of 10.81, a P/E/G ratio of 1.50 and a beta of 0.97.

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

Zions Bancorporation, N.A. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, August 14th. This is an increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.’s payout ratio is currently 32.91%.

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.