Zions Bancorporation, N.A. (NASDAQ:ZION) Receives $57.22 Consensus Target Price from Analysts

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

A number of equities research analysts recently weighed in on ZION shares. Stephens decreased their target price on Zions Bancorporation, N.A. from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada decreased their target price on Zions Bancorporation, N.A. from $63.00 to $53.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird decreased their target price on Zions Bancorporation, N.A. from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Citigroup lifted their target price on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Wells Fargo & Company decreased their target price on Zions Bancorporation, N.A. from $58.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd.

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

Institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management acquired a new stake in Zions Bancorporation, N.A. during the first quarter valued at approximately $25,000. Curat Global LLC bought a new position in shares of Zions Bancorporation, N.A. in the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 183 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Zions Bancorporation, N.A. in the first quarter valued at approximately $40,000. Finally, 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 acquiring an additional 479 shares during the last quarter. 76.84% of the stock is owned by institutional investors and hedge funds.

Zions Bancorporation, N.A. Trading Up 0.2%

Shares of NASDAQ:ZION opened at $54.87 on Thursday. The company 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 stock’s 50-day moving average is $48.53 and its 200-day moving average is $50.67. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $63.22. 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 issued 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. Zions Bancorporation, N.A. had a return on equity of 13.53% and a net margin of 16.08%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $792.49 million. During the same period last year, the business posted $0.96 earnings per share. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.43 per share. 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 payout ratio is 33.59%.

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.