Citigroup Forecasts Strong Price Appreciation for Zions Bancorporation, N.A. (NASDAQ:ZION) Stock

Zions Bancorporation, N.A. (NASDAQ:ZIONFree Report) had its price objective raised by Citigroup from $48.00 to $52.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the bank’s stock.

A number of other equities analysts have also weighed in on the stock. Stephens dropped their price target on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group began coverage on shares of Zions Bancorporation, N.A. in a research report on Wednesday, May 21st. They issued an “underperform” rating and a $40.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Zions Bancorporation, N.A. from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday. Truist Financial began coverage on shares of Zions Bancorporation, N.A. in a research report on Tuesday, May 13th. They issued a “hold” rating and a $52.00 price target for the company. Finally, Robert W. Baird dropped their price target on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $57.22.

Check Out Our Latest Research Report on ZION

Zions Bancorporation, N.A. Stock Up 0.2%

Shares of ZION stock opened at $54.87 on Wednesday. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22. The stock has a market cap of $8.10 billion, a P/E ratio of 10.72, a P/E/G ratio of 1.81 and a beta of 0.90. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.71. The company has a 50 day simple moving average of $48.53 and a two-hundred day simple moving average of $50.69.

Zions Bancorporation, N.A. (NASDAQ:ZIONGet Free Report) last announced its earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. The business had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $792.49 million. During the same period in the prior year, the company earned $0.96 earnings per share. On average, research analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.13%. Zions Bancorporation, N.A.’s dividend payout ratio is 33.59%.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

A number of hedge funds and other institutional investors have recently modified their holdings of ZION. Curat Global LLC bought a new position in shares of Zions Bancorporation, N.A. during the first quarter worth $25,000. Picton Mahoney Asset Management bought a new position in Zions Bancorporation, N.A. during the first quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its position in Zions Bancorporation, N.A. by 51.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after purchasing an additional 183 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Zions Bancorporation, N.A. during the first quarter valued at $40,000. Finally, Covestor Ltd lifted its position in Zions Bancorporation, N.A. by 128.1% during the fourth quarter. Covestor Ltd now owns 853 shares of the bank’s stock valued at $46,000 after purchasing an additional 479 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Zions Bancorporation, N.A. (NASDAQ:ZION)

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