Zions Bancorporation, N.A. (NASDAQ:ZION) Price Target Raised to $58.00 at Wells Fargo & Company

Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) had its target price hoisted by Wells Fargo & Company from $47.00 to $58.00 in a research report released on Tuesday,Benzinga reports. They currently have an equal weight rating on the bank's stock.

ZION has been the subject of a number of other reports. Royal Bank Of Canada upped their price target on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a "sector perform" rating in a research note on Tuesday. Truist Financial boosted their price objective on Zions Bancorporation, N.A. from $52.00 to $57.00 and gave the stock a "hold" rating in a research note on Friday, July 11th. Citigroup upped their price objective on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods decreased 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 report on Tuesday, April 22nd. Finally, DA Davidson upped their target price on Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $60.78.

Zions Bancorporation, N.A. Stock Performance

Shares of Zions Bancorporation, N.A. stock traded down $1.36 during trading hours on Tuesday, reaching $55.18. The company's stock had a trading volume of 2,086,935 shares, compared to its average volume of 1,535,543. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $63.22. The company's 50 day simple moving average is $51.09 and its 200 day simple moving average is $50.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.80. The stock has a market cap of $8.14 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 1.63 and a beta of 0.90.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data 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. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. The business had revenue of $838.00 million for the quarter, compared to analysts' expectations of $810.24 million. During the same quarter last year, the company earned $1.28 EPS. As a group, analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal 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 paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.12%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, N.A.'s payout ratio is currently 31.44%.

Institutional Trading of Zions Bancorporation, N.A.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 bought a new stake in shares of Zions Bancorporation, N.A. during the first quarter valued at approximately $25,000. New Age Alpha Advisors LLC acquired a new position in shares of Zions Bancorporation, N.A. in the first quarter valued at $40,000. Covestor Ltd lifted its position in Zions Bancorporation, N.A. by 128.1% in the fourth quarter. Covestor Ltd now owns 853 shares of the bank's stock worth $46,000 after purchasing an additional 479 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new stake in Zions Bancorporation, N.A. during the first quarter worth $50,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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.