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

Key Points

• Zions Bancorporation, N.A. has received a consensus rating of "Hold" from nineteen research firms, with one sell recommendation, fourteen holds, and four buys.
• The stock's average 1-year price target is $60.78, following recent adjustments from analysts, including a reduction by Keefe, Bruyette & Woods from $65.00 to $58.00.
• Zions Bancorporation reported earnings of $1.58 per share for the last quarter, exceeding expectations of $1.31, alongside a revenue of $838 million.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) has been assigned an average recommendation of "Hold" from the nineteen ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $60.78.

Several brokerages have issued reports on ZION. Stephens reduced their price target on shares of 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. Citigroup lifted their target price on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Wells Fargo & Company lifted their price objective on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Argus upgraded 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. Finally, Keefe, Bruyette & Woods reduced their price target on Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd.

Zions Bancorporation, N.A. Trading Down 0.1%

ZION stock traded down $0.08 during mid-day trading on Monday, reaching $54.13. 349,787 shares of the stock traded hands, compared to its average volume of 1,610,994. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $7.99 billion, a PE ratio of 9.90, a PEG ratio of 1.55 and a beta of 0.90. The business has a 50-day moving average price of $51.61 and a two-hundred day moving average price of $50.86. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $1.58 EPS 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. Equities research 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 declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders 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 dividend yield of 3.18%. The ex-dividend date was Thursday, May 15th. Zions Bancorporation, N.A.'s payout ratio is 31.44%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. American Century Companies Inc. increased its position in shares of Zions Bancorporation, N.A. by 4.4% during the 4th quarter. American Century Companies Inc. now owns 534,647 shares of the bank's stock worth $29,005,000 after purchasing an additional 22,367 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Zions Bancorporation, N.A. by 39.7% in the 4th quarter. Sei Investments Co. now owns 97,442 shares of the bank's stock valued at $5,286,000 after acquiring an additional 27,702 shares in the last quarter. Blair William & Co. IL grew its holdings in Zions Bancorporation, N.A. by 4.7% during the fourth quarter. Blair William & Co. IL now owns 6,713 shares of the bank's stock worth $364,000 after purchasing an additional 303 shares during the period. Norges Bank acquired a new stake in shares of Zions Bancorporation, N.A. during the fourth quarter worth $73,542,000. Finally, Schroder Investment Management Group acquired a new stake in shares of Zions Bancorporation, N.A. during the 4th quarter worth $793,000. 76.84% of the stock is 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.