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

Key Points

• Zions Bancorporation, N.A. has an average analyst rating of "Hold" from 22 ratings firms, with one sell, fifteen hold, five buy, and one strong buy ratings reported.
• The company recently increased its quarterly dividend to $0.45, resulting in an annualized dividend yield of 3.4%.
• Shares of Zions Bancorporation opened at $52.35, with a 12-month price range between $39.32 and $63.22 and a market capitalization of $7.73 billion.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) has received an average rating of "Hold" from the twenty-two ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $61.45.

ZION has been the topic of a number of research analyst reports. TD Cowen initiated coverage on Zions Bancorporation, N.A. in a research note on Thursday, September 25th. They issued a "hold" rating and a $64.00 target price on the stock. Wall Street Zen upgraded Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. DA Davidson upped their target price on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. upped their target price on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada upped their price objective 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.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ ZION opened at $52.35 on Friday. The firm has a market capitalization of $7.73 billion, a P/E ratio of 9.57, a P/E/G ratio of 1.46 and a beta of 0.93. 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 stock's 50-day simple moving average is $55.87 and its two-hundred day simple moving average is $51.43. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its earnings results on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. The business had revenue of $705.00 million for the quarter. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%. As a group, equities analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The company also recently disclosed 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 3.4%. The ex-dividend date was Thursday, August 14th. This is an increase from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.'s dividend payout ratio (DPR) is currently 32.91%.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Zions Bancorporation, N.A. by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 19,308,327 shares of the bank's stock worth $1,002,875,000 after purchasing an additional 582,392 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Zions Bancorporation, N.A. by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank's stock valued at $351,027,000 after acquiring an additional 233,252 shares during the period. LSV Asset Management boosted its holdings in Zions Bancorporation, N.A. by 4.5% during the 2nd quarter. LSV Asset Management now owns 3,960,132 shares of the bank's stock valued at $205,689,000 after acquiring an additional 169,085 shares during the period. AQR Capital Management LLC boosted its holdings in Zions Bancorporation, N.A. by 326.4% during the 1st quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank's stock valued at $139,927,000 after acquiring 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% during 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 acquiring an additional 240,329 shares during the period. 76.84% of the stock is currently owned by hedge funds and other 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.

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