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

Zions Bancorporation, N.A. (NASDAQ:ZION) has earned a consensus recommendation of “Hold” from the twenty-two research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $61.45.

Several equities research analysts have weighed in on ZION shares. TD Cowen started coverage on Zions Bancorporation, N.A. in a report on Thursday, September 25th. They issued a “hold” rating and a $64.00 price objective for the company. Evercore ISI increased their price objective on Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Zacks Research cut Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Truist Financial increased their price objective on Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a report on Sunday, July 13th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Zions Bancorporation, N.A. by 3.1% in the 2nd 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 raised its position in shares of Zions Bancorporation, N.A. by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank’s stock worth $351,027,000 after acquiring an additional 233,252 shares in the last quarter. LSV Asset Management raised its position in shares of 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 worth $205,689,000 after acquiring an additional 169,085 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Zions Bancorporation, N.A. by 326.4% in the 1st quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank’s stock worth $139,927,000 after acquiring an additional 2,194,514 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Zions Bancorporation, N.A. by 9.3% in 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 in the last quarter. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. Trading Down 6.2%

Shares of ZION stock opened at $52.35 on Friday. The stock has a market capitalization of $7.73 billion, a PE ratio of 9.57, a P/E/G ratio of 1.46 and a beta of 0.93. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22. The business has a 50-day moving average of $55.87 and a 200 day moving average of $51.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its earnings results on Monday, June 12th. The bank reported $1.32 earnings per share for the quarter. The company had revenue of $705.00 million during the quarter. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%. As a group, sell-side analysts anticipate that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Zions Bancorporation, N.A. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a $0.45 dividend. This is an increase from Zions Bancorporation, N.A.’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, August 14th. This represents a $1.80 annualized dividend and a yield of 3.4%. Zions Bancorporation, N.A.’s dividend payout ratio (DPR) is 32.91%.

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.