Zions Bancorporation, N.A. (NASDAQ:ZION) Upgraded by Wall Street Zen to "Hold" Rating

Wall Street Zen upgraded shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Free Report) from a sell rating to a hold rating in a report issued on Sunday.

Other equities analysts also recently issued reports about the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. 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 report on Tuesday, April 22nd. Argus raised shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 price objective on the stock in a report on Monday, April 28th. Stephens decreased their price objective 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. Finally, Royal Bank Of Canada decreased their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $57.50.

Zions Bancorporation, N.A. Stock Performance

NASDAQ ZION traded down $0.10 during mid-day trading on Friday, reaching $56.20. 1,306,048 shares of the stock were exchanged, compared to its average volume of 1,556,956. The business's 50 day moving average is $49.56 and its 200-day moving average is $50.73. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22. The company has a market capitalization of $8.29 billion, a P/E ratio of 10.98, a P/E/G ratio of 1.82 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 (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $795.00 million for the quarter, compared to the consensus estimate of $792.49 million. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. During the same period last year, the firm posted $0.96 earnings per share. On average, equities research analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, N.A. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.'s payout ratio is currently 33.59%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Zions Bancorporation, N.A. during the first quarter valued at about $224,000. Janney Montgomery Scott LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the first quarter valued at about $3,383,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Zions Bancorporation, N.A. during the first quarter valued at about $1,261,000. Teacher Retirement System of Texas increased its position in shares of Zions Bancorporation, N.A. by 6.2% during the first quarter. Teacher Retirement System of Texas now owns 48,147 shares of the bank's stock valued at $2,401,000 after acquiring an additional 2,821 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Zions Bancorporation, N.A. by 0.5% in the first quarter. Principal Financial Group Inc. now owns 340,066 shares of the bank's stock worth $16,956,000 after acquiring an additional 1,561 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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.