Zions Bancorporation, N.A. (NASDAQ:ZION) Receives Average Rating of "Hold" from Brokerages

Key Points

• Zions Bancorporation, N.A. has received a consensus rating of "Hold" from analysts, with one sell rating, fourteen hold ratings, four buy ratings, and one strong buy rating.
• The company reported $1.58 earnings per share (EPS) for the last quarter, exceeding the consensus estimate of $1.31 by $0.27, with a revenue of $838 million.
• Zions Bancorporation, N.A. has declared an increased quarterly dividend of $0.45, representing a 3.2% yield, up from the previous dividend of $0.43.

Shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $60.9474.

Several analysts recently weighed in on the company. Cantor Fitzgerald assumed coverage on Zions Bancorporation, N.A. in a research note on Wednesday, September 10th. They set an "overweight" rating and a $64.00 target price for the company. Royal Bank Of Canada increased their target price on Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 22nd. Morgan Stanley increased their target price on Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their target price on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird raised their price objective on Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd.

Institutional Trading of Zions Bancorporation, N.A.

A number of hedge funds have recently modified their holdings of ZION. Curat Global LLC bought a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth approximately $25,000. Picton Mahoney Asset Management acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter worth approximately $25,000. Traub Capital Management LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 2nd quarter worth approximately $31,000. Assetmark Inc. raised its holdings in shares of Zions Bancorporation, N.A. by 75.3% in the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank's stock worth $35,000 after buying an additional 289 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter worth approximately $40,000. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, N.A. Stock Performance

ZION opened at $57.07 on Tuesday. The company has a market cap of $8.42 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The stock has a 50-day moving average of $55.37 and a 200-day moving average of $50.48. Zions Bancorporation, N.A. has a 52-week low of $39.32 and a 52-week high of $63.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.27. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%.The company had revenue of $838.00 million during the quarter, compared to the consensus estimate of $810.24 million. During the same quarter in the prior year, the company posted $1.28 EPS. As a group, equities research analysts forecast that Zions Bancorporation, N.A. will post 5.39 earnings per share 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. Shareholders of record on Thursday, August 14th were given a $0.45 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. Zions Bancorporation, N.A.'s dividend payout ratio is 32.91%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.