Zions Bancorporation, N.A. (NASDAQ:ZION) Given Average Rating of "Hold" by Analysts

Key Points

• Analyst consensus: "Hold" — 20 analysts cover Zions with a consensus rating of Hold (1 sell, 13 hold, 5 buy, 1 strong buy) and an average 1-year price target of about $65.53.
• Q1 earnings beat EPS — Zions reported $1.56 EPS vs. $1.43 expected, with $849M revenue slightly below estimates; the quarter showed a 13.9% ROE and a 19.53% net margin.
• Dividend — The bank pays a $0.45 quarterly dividend ($1.80 annualized) for a ~2.8% yield and a payout ratio of 27.99%.

Shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $65.5294.

A number of equities research analysts have weighed in on ZION shares. Citigroup lifted their price target on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 22nd. Stephens boosted their price target on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an "equal weight" rating in a report on Wednesday, January 21st. Morgan Stanley lowered their price target on shares of Zions Bancorporation, N.A. from $75.00 to $68.00 and set an "overweight" rating on the stock in a report on Tuesday, March 31st. Truist Financial boosted their price target on shares of Zions Bancorporation, N.A. from $64.00 to $66.00 and gave the company a "hold" rating in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, April 21st.

Zions Bancorporation, N.A. Stock Up 0.9%

ZION opened at $63.18 on Wednesday. Zions Bancorporation, N.A. has a 1-year low of $43.64 and a 1-year high of $66.18. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 2.16 and a beta of 0.81. The business has a 50 day moving average of $58.62 and a 200-day moving average of $57.37.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, April 20th. The bank reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.13. The company had revenue of $849.00 million during the quarter, compared to analysts' expectations of $853.73 million. Zions Bancorporation, N.A. had a return on equity of 13.90% and a net margin of 19.53%.During the same period in the prior year, the business earned $1.13 earnings per share. As a group, sell-side analysts anticipate that Zions Bancorporation, N.A. will post 6.38 earnings per share for the current year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 12th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, February 12th. Zions Bancorporation, N.A.'s payout ratio is 27.99%.

Insider Transactions at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, VP Eric Ellingsen sold 1,519 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $61.27, for a total value of $93,069.13. Following the sale, the vice president owned 40,361 shares of the company's stock, valued at $2,472,918.47. The trade was a 3.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 2,089 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $62.48, for a total transaction of $130,520.72. Following the completion of the sale, the executive vice president directly owned 22,733 shares in the company, valued at $1,420,357.84. This trade represents a 8.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 55,581 shares of company stock worth $3,498,774. 1.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its holdings in shares of Zions Bancorporation, N.A. by 6.4% during the third quarter. Thrivent Financial for Lutherans now owns 2,041,063 shares of the bank's stock valued at $115,483,000 after acquiring an additional 122,815 shares during the period. M&T Bank Corp bought a new position in shares of Zions Bancorporation, N.A. during the fourth quarter valued at $8,591,000. Jupiter Asset Management Ltd. bought a new position in shares of Zions Bancorporation, N.A. during the third quarter valued at $934,000. Bailard Inc. bought a new position in shares of Zions Bancorporation, N.A. during the third quarter valued at $487,000. Finally, Gateway Investment Advisers LLC lifted its holdings in shares of Zions Bancorporation, N.A. by 156.5% during the third quarter. Gateway Investment Advisers LLC now owns 85,848 shares of the bank's stock valued at $4,857,000 after acquiring an additional 52,381 shares during the period. 76.84% of the stock is owned by institutional investors.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company's commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.

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