Truist Financial restated their buy rating on shares of Zions Bancorporation, National Association (NASDAQ:ZION – Free Report) in a research note released on Wednesday, Benzinga reports. Truist Financial currently has a $42.00 price target on the bank’s stock.
Several other equities research analysts have also recently issued reports on the company. Morgan Stanley raised their price objective on Zions Bancorporation, National Association from $26.00 to $27.00 and gave the stock an equal weight rating in a report on Thursday, July 20th. Stephens raised their price objective on Zions Bancorporation, National Association from $35.00 to $38.00 and gave the stock an equal weight rating in a report on Thursday, July 20th. Royal Bank of Canada lifted their target price on Zions Bancorporation, National Association from $32.00 to $37.00 and gave the company a sector perform rating in a report on Thursday, July 20th. Jefferies Financial Group cut Zions Bancorporation, National Association from a buy rating to a hold rating and reduced their target price for the company from $37.00 to $30.00 in a report on Tuesday, July 11th. Finally, JPMorgan Chase & Co. cut Zions Bancorporation, National Association from an overweight rating to a neutral rating and set a $39.00 target price on the stock. in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $40.74.
View Our Latest Research Report on Zions Bancorporation, National Association
Zions Bancorporation, National Association Stock Performance
Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.03. Zions Bancorporation, National Association had a return on equity of 19.24% and a net margin of 21.43%. The business had revenue of $1.17 million for the quarter, compared to analysts’ expectations of $750.34 million. During the same quarter last year, the firm earned $1.29 earnings per share. The business’s revenue was down 99.9% on a year-over-year basis. On average, analysts anticipate that Zions Bancorporation, National Association will post 4.51 EPS for the current fiscal year.
Zions Bancorporation, National Association Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 17th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Wednesday, August 16th. Zions Bancorporation, National Association’s payout ratio is currently 28.87%.
Institutional Trading of Zions Bancorporation, National Association
Several institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its stake in Zions Bancorporation, National Association by 26.8% during the 4th quarter. Amalgamated Bank now owns 65,037 shares of the bank’s stock valued at $3,197,000 after acquiring an additional 13,752 shares during the last quarter. LPL Financial LLC boosted its stake in Zions Bancorporation, National Association by 208.9% during the 4th quarter. LPL Financial LLC now owns 59,793 shares of the bank’s stock valued at $2,939,000 after acquiring an additional 40,439 shares during the last quarter. Jump Financial LLC lifted its position in shares of Zions Bancorporation, National Association by 33.0% in the 1st quarter. Jump Financial LLC now owns 129,503 shares of the bank’s stock worth $3,876,000 after buying an additional 32,130 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Zions Bancorporation, National Association by 147.7% in the 1st quarter. Pacer Advisors Inc. now owns 9,340 shares of the bank’s stock worth $280,000 after buying an additional 5,570 shares during the last quarter. Finally, Easterly Investment Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the 1st quarter worth about $712,000. 79.74% of the stock is owned by institutional investors and hedge funds.
Zions Bancorporation, National Association Company Profile
Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.
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