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

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) has been given an average rating of "Hold" by the nineteen analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $57.22.

Several research firms recently weighed in on ZION. Citigroup upped their price objective on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday. Wall Street Zen raised shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Robert W. Baird decreased 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. Morgan Stanley lowered their price objective on shares of Zions Bancorporation, N.A. from $71.00 to $64.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Finally, Argus raised Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a report on Monday, April 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in Zions Bancorporation, N.A. during the 1st quarter worth approximately $3,383,000. Fisher Asset Management LLC bought a new stake in shares of Zions Bancorporation, N.A. in the 4th quarter valued at about $389,000. Artemis Investment Management LLP increased its stake in shares of Zions Bancorporation, N.A. by 12.6% in the first quarter. Artemis Investment Management LLP now owns 768,556 shares of the bank's stock valued at $38,320,000 after buying an additional 85,832 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Zions Bancorporation, N.A. by 61.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 70,936 shares of the bank's stock worth $3,537,000 after acquiring an additional 27,001 shares during the period. Finally, Polymer Capital Management US LLC acquired a new position in shares of Zions Bancorporation, N.A. in the fourth quarter worth approximately $229,000. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, N.A. Stock Up 1.9%

Shares of ZION opened at $54.77 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $8.08 billion, a PE ratio of 10.70, a P/E/G ratio of 1.75 and a beta of 0.90. The firm's 50 day moving average is $48.13 and its 200-day moving average is $50.72. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $795.00 million during the quarter, compared to analysts' expectations of $792.49 million. Zions Bancorporation, N.A. had a return on equity of 13.53% and a net margin of 16.08%. During the same period in the previous year, the firm earned $0.96 EPS. Equities research analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s payout ratio is 33.59%.

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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