Evercore ISI Issues Positive Forecast for Zions Bancorporation, National Association (NASDAQ:ZION) Stock Price

Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) had its target price lifted by Evercore ISI from $56.00 to $61.00 in a research note released on Wednesday, Benzinga reports. They currently have an outperform rating on the bank's stock.

Several other research firms have also weighed in on ZION. Keefe, Bruyette & Woods increased their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Wolfe Research raised shares of Zions Bancorporation, National Association to a "hold" rating in a research note on Wednesday, September 18th. Robert W. Baird upped their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Compass Point upped their target price on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada increased their price objective on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a "sector perform" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $53.12.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION traded up $0.80 during mid-day trading on Wednesday, reaching $52.93. The stock had a trading volume of 1,310,195 shares, compared to its average volume of 2,100,444. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.78 and a current ratio of 0.78. The business has a 50 day simple moving average of $48.29 and a 200 day simple moving average of $45.69. Zions Bancorporation, National Association has a twelve month low of $29.78 and a twelve month high of $53.85. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.82 and a beta of 1.09.

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

Zions Bancorporation, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a $0.41 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.64 annualized dividend and a yield of 3.10%. Zions Bancorporation, National Association's dividend payout ratio is currently 37.36%.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association during the first quarter worth about $27,000. ORG Wealth Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association during the third quarter worth $28,000. ORG Partners LLC acquired a new position in Zions Bancorporation, National Association in the 2nd quarter worth $33,000. International Assets Investment Management LLC bought a new position in Zions Bancorporation, National Association during the 2nd quarter worth about $34,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at about $39,000. Institutional investors own 76.84% of the company's stock.

About Zions Bancorporation, National Association

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.