Zions Bancorporation, National Association (ZION) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Zions Bancorporation, National Association (NASDAQ: ZION):

• 10/30/2024 – Zions Bancorporation, National Association had its price target raised by analysts at Evercore ISI from $56.00 to $61.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – Zions Bancorporation, National Association had its price target raised by analysts at Compass Point from $49.00 to $54.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Zions Bancorporation, National Association had its price target raised by analysts at Truist Financial Co. from $52.00 to $57.00. They now have a “hold” rating on the stock.
• 10/22/2024 – Zions Bancorporation, National Association had its price target raised by analysts at Barclays PLC from $47.00 to $52.00. They now have an “underweight” rating on the stock.
• 10/22/2024 – Zions Bancorporation, National Association had its price target raised by analysts at Royal Bank of Canada from $55.00 to $57.00. They now have a “sector perform” rating on the stock.
• 10/22/2024 – Zions Bancorporation, National Association had its price target raised by analysts at Wedbush from $52.00 to $55.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – Zions Bancorporation, National Association had its price target raised by analysts at The Goldman Sachs Group, Inc. from $52.00 to $59.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – Zions Bancorporation, National Association had its price target raised by analysts at Robert W. Baird from $52.00 to $55.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – Zions Bancorporation, National Association had its price target raised by analysts at Keefe, Bruyette & Woods from $53.00 to $56.00. They now have a “market perform” rating on the stock.
• 10/22/2024 – Zions Bancorporation, National Association had its price target raised by analysts at Morgan Stanley from $54.00 to $56.00. They now have an “equal weight” rating on the stock.
• 10/22/2024 – Zions Bancorporation, National Association had its price target raised by analysts at Wells Fargo & Company from $50.00 to $54.00. They now have an “equal weight” rating on the stock.
• 10/22/2024 – Zions Bancorporation, National Association had its price target raised by analysts at Stephens from $53.00 to $55.00. They now have an “equal weight” rating on the stock.
• 10/9/2024 – Zions Bancorporation, National Association had its price target lowered by analysts at JPMorgan Chase & Co. from $58.00 to $54.00. They now have a “neutral” rating on the stock.
• 10/2/2024 – Zions Bancorporation, National Association had its price target lowered by analysts at Evercore ISI from $58.00 to $56.00. They now have an “outperform” rating on the stock.
• 9/30/2024 – Zions Bancorporation, National Association was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $54.00 price target on the stock.
• 9/20/2024 – Zions Bancorporation, National Association had its price target lowered by analysts at Truist Financial Co. from $54.00 to $52.00. They now have a “hold” rating on the stock.
• 9/18/2024 – Zions Bancorporation, National Association was upgraded by analysts at Wolfe Research to a “hold” rating.
• 9/11/2024 – Zions Bancorporation, National Association had its price target lowered by analysts at Jefferies Financial Group Inc. from $51.00 to $49.00. They now have a “hold” rating on the stock.

Zions Bancorporation, National Association Stock Performance

NASDAQ ZION traded up $0.93 on Wednesday, hitting $53.06. 299,424 shares of the company traded hands, compared to its average volume of 2,095,631. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average price is $48.29 and its 200-day moving average price is $45.69. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 1.82 and a beta of 1.09. Zions Bancorporation, National Association has a 52-week low of $29.78 and a 52-week high of $53.85.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. During the same period in the prior year, the firm posted $1.13 EPS. Equities analysts expect that Zions Bancorporation, National Association will post 4.75 earnings per share for the current year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s dividend payout ratio (DPR) is 37.36%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings in Zions Bancorporation, National Association by 103.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock valued at $7,163,000 after buying an additional 4,993,164 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Zions Bancorporation, National Association by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock worth $271,003,000 after purchasing an additional 929,251 shares during the last quarter. Artemis Investment Management LLP raised its stake in Zions Bancorporation, National Association by 165.0% during the third quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank’s stock valued at $42,761,000 after purchasing an additional 563,889 shares in the last quarter. AQR Capital Management LLC raised its stake in Zions Bancorporation, National Association by 75.0% during the second quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after purchasing an additional 433,513 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Zions Bancorporation, National Association during the second quarter valued at $9,541,000. 76.84% of the stock is currently owned by institutional investors.

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.