Zions Bancorporation, National Association (NASDAQ:ZION) Receives Average Rating of "Hold" from Analysts

Shares of Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) have earned a consensus rating of "Hold" from the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $57.94.

A number of analysts have recently commented on ZION shares. Jefferies Financial Group started coverage on Zions Bancorporation, National Association in a report on Wednesday, May 21st. They set an "underperform" rating and a $40.00 price objective for the company. Wall Street Zen cut shares of Zions Bancorporation, National Association from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Wells Fargo & Company decreased their price target on shares of Zions Bancorporation, National Association from $58.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their price target on shares of Zions Bancorporation, National Association from $63.00 to $53.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 22nd. Finally, Truist Financial started coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, May 13th. They set a "hold" rating and a $52.00 price target for the company.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several institutional investors and hedge funds have recently bought and sold shares of ZION. Curat Global LLC acquired a new stake in shares of Zions Bancorporation, National Association in the first quarter valued at approximately $25,000. Picton Mahoney Asset Management acquired a new stake in shares of Zions Bancorporation, National Association in the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Zions Bancorporation, National Association 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 purchasing an additional 183 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Zions Bancorporation, National Association in the first quarter valued at approximately $40,000. Finally, Covestor Ltd increased its stake in shares of Zions Bancorporation, National Association by 128.1% in the fourth quarter. Covestor Ltd now owns 853 shares of the bank's stock valued at $46,000 after purchasing an additional 479 shares during the period. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Trading Down 1.8%

Shares of ZION stock traded down $0.89 on Friday, reaching $48.91. 1,500,173 shares of the stock were exchanged, compared to its average volume of 1,575,109. The stock has a market cap of $7.22 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $46.20 and a two-hundred day moving average of $51.70. Zions Bancorporation, National Association has a 1-year low of $39.32 and a 1-year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $792.49 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. During the same period in the prior year, the firm posted $0.96 EPS. On average, research analysts anticipate that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.72 annualized dividend and a yield of 3.52%. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 33.59%.

Zions Bancorporation, National Association announced that its board has authorized a stock repurchase program on Monday, February 24th that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the bank to buy up to 0.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Zions Bancorporation, National Association 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.