Zions Bancorporation, N.A. (NASDAQ:ZION) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Zions Bancorporation, N.A. (NASDAQ:ZION) in a report issued on Wednesday, Marketbeat.com reports. The firm issued an overweight rating and a $64.00 price objective on the bank’s stock.

ZION has been the topic of several other reports. Wells Fargo & Company raised their price target on Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada lifted their target price on Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 22nd. DA Davidson lifted their target price on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $45.00 to $60.00 in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Zions Bancorporation, N.A. has an average rating of “Hold” and an average price target of $60.95.

Zions Bancorporation, N.A. Stock Up 1.9%

NASDAQ:ZION opened at $57.98 on Wednesday. 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 firm has a market capitalization of $8.56 billion, a P/E ratio of 10.60, a P/E/G ratio of 1.48 and a beta of 0.97. The stock’s fifty day simple moving average is $55.19 and its 200-day simple moving average is $50.43.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, topping 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 business had revenue of $838.00 million for the quarter, compared to analyst estimates of $810.24 million. During the same period last year, the company earned $1.28 EPS. Equities research analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, August 14th. Zions Bancorporation, N.A.’s dividend payout ratio is presently 32.91%.

Institutional Trading of Zions Bancorporation, N.A.

Institutional investors have recently modified their holdings of the company. Curat Global LLC bought a new stake in shares of Zions Bancorporation, N.A. in the first quarter valued at about $25,000. Picton Mahoney Asset Management acquired a new stake in shares of Zions Bancorporation, N.A. in the first quarter valued at about $25,000. Traub Capital Management LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the second quarter valued at about $31,000. Assetmark Inc. increased its position in shares of Zions Bancorporation, N.A. by 75.3% in the second quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after acquiring an additional 289 shares during the last quarter. Finally, 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. 76.84% of the stock is currently owned by institutional investors.

About Zions Bancorporation, N.A.

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.