JPMorgan Chase & Co. Issues Positive Forecast for Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price

Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) had its price target increased by JPMorgan Chase & Co. from $55.00 to $63.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the bank's stock.

A number of other research firms have also weighed in on ZION. 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 report on Tuesday, April 22nd. Robert W. Baird reduced their price objective on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank Of Canada lowered their target price on Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Finally, Citigroup upped their price target on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $60.78.

Zions Bancorporation, N.A. Trading Down 2.4%

Shares of ZION traded down $1.36 during trading hours on Tuesday, hitting $55.18. 2,086,935 shares of the stock traded hands, compared to its average volume of 1,535,543. The company has a current ratio of 0.80, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The firm has a market capitalization of $8.14 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.63 and a beta of 0.90. The business has a fifty day moving average of $51.09 and a 200-day moving average of $50.85.

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 the consensus estimate 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 analyst estimates of $810.24 million. During the same quarter last year, the firm earned $1.28 EPS. 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 disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, N.A.'s dividend payout ratio is presently 31.44%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lynx Investment Advisory raised its stake in Zions Bancorporation, N.A. by 3.5% during the 2nd quarter. Lynx Investment Advisory now owns 6,371 shares of the bank's stock valued at $331,000 after acquiring an additional 213 shares in the last quarter. Blackhawk Capital Partners LLC. grew its holdings in Zions Bancorporation, N.A. by 5.3% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 4,885 shares of the bank's stock worth $244,000 after acquiring an additional 245 shares during the period. Leo Wealth LLC grew its stake in Zions Bancorporation, N.A. by 1.7% in the first quarter. Leo Wealth LLC now owns 14,917 shares of the bank's stock valued at $744,000 after acquiring an additional 253 shares during the period. Wedmont Private Capital lifted its position in shares of Zions Bancorporation, N.A. by 2.6% in the second quarter. Wedmont Private Capital now owns 10,136 shares of the bank's stock worth $564,000 after purchasing an additional 256 shares in the last quarter. Finally, MAI Capital Management grew its position in shares of Zions Bancorporation, N.A. by 1.5% in the 1st quarter. MAI Capital Management now owns 19,591 shares of the bank's stock valued at $977,000 after acquiring an additional 293 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

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.