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

Key Points

• Zions Bancorporation, N.A. has received a consensus recommendation of "Hold" from 22 analysts, with a price target averaging $61.45.
• Institutional investors own 76.84% of Zions Bancorporation's stock, with Vanguard Group increasing its stake by 3.1% recently.
• The company has announced a quarterly dividend increase from $0.43 to $0.45 per share, representing a 3.4% yield.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twenty-two analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $61.45.

Several research firms recently weighed in on ZION. JPMorgan Chase & Co. upped their price objective on shares of Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Robert W. Baird upped their price objective on shares of 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. Zacks Research downgraded Zions Bancorporation, N.A. from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. Cantor Fitzgerald initiated 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. Finally, Morgan Stanley boosted their target price on Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Monday, September 29th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Zions Bancorporation, N.A. by 3.1% during the second quarter. Vanguard Group Inc. now owns 19,308,327 shares of the bank's stock worth $1,002,875,000 after acquiring an additional 582,392 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Zions Bancorporation, N.A. by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank's stock valued at $351,027,000 after buying an additional 233,252 shares during the period. LSV Asset Management raised its holdings in Zions Bancorporation, N.A. by 4.5% in the 2nd quarter. LSV Asset Management now owns 3,960,132 shares of the bank's stock valued at $205,689,000 after buying an additional 169,085 shares during the last quarter. AQR Capital Management LLC boosted its position in Zions Bancorporation, N.A. by 326.4% during the 1st quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank's stock worth $139,927,000 after buying an additional 2,194,514 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in Zions Bancorporation, N.A. by 9.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,834,949 shares of the bank's stock worth $147,247,000 after acquiring an additional 240,329 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, N.A. Trading Down 6.2%

ZION opened at $52.35 on Friday. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $63.22. The company has a 50-day simple moving average of $55.87 and a 200 day simple moving average of $51.43. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 1.46 and a beta of 0.93.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. The business had revenue of $705.00 million during the quarter. Analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 14th. This is a positive change from Zions Bancorporation, N.A.'s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 3.4%. Zions Bancorporation, N.A.'s payout ratio is presently 32.91%.

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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