Zions Bancorporation, N.A. (NASDAQ:ZION) Receives $57.22 Average PT from Analysts

Zions Bancorporation, N.A. (NASDAQ:ZION) has been given a consensus rating of “Hold” by the nineteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $57.22.

ZION has been the topic of several recent analyst reports. Stephens cut their target price on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Royal Bank Of Canada cut their target price on shares of Zions Bancorporation, N.A. from $63.00 to $53.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 22nd. Argus raised shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Monday, April 28th. Wells Fargo & Company cut their target price on shares of Zions Bancorporation, N.A. from $58.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Robert W. Baird cut their target price on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd.

Zions Bancorporation, N.A. Price Performance

NASDAQ ZION opened at $54.87 on Thursday. The stock has a market capitalization 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. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22. The business’s fifty day moving average is $48.53 and its two-hundred day moving average is $50.67. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 0.83.

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

Zions Bancorporation, N.A. Dividend Announcement

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

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

Large investors have recently bought and sold shares of the business. Picton Mahoney Asset Management bought a new stake in Zions Bancorporation, N.A. in the first quarter worth $25,000. Curat Global LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the first quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its position in shares of Zions Bancorporation, N.A. by 51.1% in 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 acquired a new stake in shares of Zions Bancorporation, N.A. in the first quarter valued at about $40,000. Finally, Covestor Ltd grew its position 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 during the last quarter. 76.84% of the stock is currently 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.