Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) had its price objective lifted by JPMorgan Chase & Co. from $50.00 to $55.00 in a research note released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the bank's stock.

Several other equities analysts have also issued reports on the company. Royal Bank Of Canada cut their price target on Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group began coverage on Zions Bancorporation, N.A. in a report on Wednesday, May 21st. They set an "underperform" rating and a $40.00 price objective for the company. Robert W. Baird cut their target price on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Stephens reduced their target price on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, N.A. currently has an average rating of "Hold" and an average target price of $57.22.

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ ZION traded up $0.10 during trading on Tuesday, reaching $54.87. The company had a trading volume of 1,082,797 shares, compared to its average volume of 1,561,905. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22. The business's 50 day moving average price is $48.33 and its 200-day moving average price is $50.70. The stock has a market cap of $8.10 billion, a PE ratio of 10.72, a PEG ratio of 1.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 0.83.

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

Zions Bancorporation, N.A. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 dividend on an annualized basis and a yield of 3.13%. Zions Bancorporation, N.A.'s payout ratio is 33.59%.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

Hedge funds have recently modified their holdings of the business. Curat Global LLC acquired a new position in shares of Zions Bancorporation, N.A. in the 1st quarter valued at approximately $25,000. Picton Mahoney Asset Management bought a new position in Zions Bancorporation, N.A. in the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Zions Bancorporation, N.A. by 51.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank's stock valued at $29,000 after buying an additional 183 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of Zions Bancorporation, N.A. during the first quarter worth $40,000. Finally, Covestor Ltd increased its position in shares of Zions Bancorporation, N.A. by 128.1% during the fourth quarter. Covestor Ltd now owns 853 shares of the bank's stock worth $46,000 after acquiring an additional 479 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

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.