Zions Bancorporation, N.A. (NASDAQ:ZION) Price Target Raised to $65.00 at Robert W. Baird

Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) had its price target lifted by Robert W. Baird from $60.00 to $65.00 in a report published on Tuesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the bank's stock.

A number of other brokerages have also commented on ZION. Truist Financial raised their price objective on shares of Zions Bancorporation, N.A. from $52.00 to $57.00 and gave the stock a "hold" rating in a report on Friday, July 11th. Stephens dropped their price objective on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley raised their price objective on shares of Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the stock an "equal weight" rating in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $60.78.

Zions Bancorporation, N.A. Trading Up 0.4%

Shares of NASDAQ ZION traded up $0.20 during midday trading on Tuesday, reaching $55.38. 1,806,946 shares of the stock were exchanged, compared to its average volume of 1,631,638. The business has a 50-day simple moving average of $51.09 and a two-hundred day simple moving average of $50.85. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 1.63 and a beta of 0.90. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.83.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.27. The company had revenue of $838.00 million for the quarter, compared to analysts' expectations of $810.24 million. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. During the same period last year, the firm posted $1.28 earnings per share. As a group, equities research analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s payout ratio is 31.44%.

Institutional Trading of Zions Bancorporation, N.A.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Zions Bancorporation, N.A. by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock valued at $1,032,775,000 after purchasing an additional 285,588 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Zions Bancorporation, N.A. by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank's stock valued at $351,027,000 after purchasing an additional 233,252 shares during the period. LSV Asset Management boosted its holdings in Zions Bancorporation, N.A. by 3.7% in the 1st quarter. LSV Asset Management now owns 3,791,047 shares of the bank's stock valued at $189,022,000 after purchasing an additional 136,870 shares during the period. AQR Capital Management LLC boosted its holdings in Zions Bancorporation, N.A. by 326.4% in the 1st quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank's stock valued at $139,927,000 after purchasing an additional 2,194,514 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Zions Bancorporation, N.A. by 9.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,834,949 shares of the bank's stock valued at $147,247,000 after purchasing an additional 240,329 shares during the period. Institutional investors own 76.84% of the company's stock.

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.