Zions Bancorporation, N.A. (NASDAQ:ZION) Receives Consensus Rating of “Hold” from Brokerages

Shares of Zions Bancorporation, N.A. (NASDAQ:ZION) have received an average recommendation of “Hold” from the nineteen ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $57.22.

A number of research firms have commented on ZION. 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. Argus upgraded shares of Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Monday, April 28th. Stephens lowered 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. Wells Fargo & Company lowered their price target on shares of Zions Bancorporation, N.A. from $58.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Finally, Wall Street Zen cut shares of Zions Bancorporation, N.A. from a “hold” rating to a “sell” rating in a report on Saturday.

Zions Bancorporation, N.A. Trading Down 0.6%

ZION stock opened at $55.16 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $8.14 billion, a PE ratio of 10.77, a P/E/G ratio of 1.81 and a beta of 0.90. The firm’s 50-day moving average is $48.73 and its 200 day moving average is $50.67. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its earnings results on Monday, April 21st. The bank reported $1.24 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $0.96 EPS. On average, research analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Zions Bancorporation, N.A. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Thursday, May 15th. Zions Bancorporation, N.A.’s payout ratio is 33.59%.

Institutional Trading of Zions Bancorporation, N.A.

Several institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Zions Bancorporation, N.A. by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock valued at $29,000 after purchasing an additional 183 shares in the last quarter. Blackhawk Capital Partners LLC. increased its holdings in Zions Bancorporation, N.A. by 5.3% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 4,885 shares of the bank’s stock worth $244,000 after acquiring an additional 245 shares in the last quarter. Leo Wealth LLC increased its holdings in Zions Bancorporation, N.A. by 1.7% in the 1st quarter. Leo Wealth LLC now owns 14,917 shares of the bank’s stock worth $744,000 after acquiring an additional 253 shares in the last quarter. Jackson Creek Investment Advisors LLC increased its holdings in Zions Bancorporation, N.A. by 3.3% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 9,027 shares of the bank’s stock worth $490,000 after acquiring an additional 285 shares in the last quarter. Finally, MAI Capital Management increased its holdings in Zions Bancorporation, N.A. by 1.5% in the 1st quarter. MAI Capital Management now owns 19,591 shares of the bank’s stock worth $977,000 after acquiring an additional 293 shares in the last quarter. 76.84% of the stock is currently 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.