Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report)’s stock price reached a new 52-week high on Wednesday after Evercore ISI raised their price target on the stock from $56.00 to $61.00. Evercore ISI currently has an outperform rating on the stock. Zions Bancorporation, National Association traded as high as $53.82 and last traded at $53.79, with a volume of 153515 shares traded. The stock had previously closed at $52.13.
Other research analysts have also issued reports about the company. Truist Financial increased their target price on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Royal Bank of Canada lifted their price target on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $53.12.
Check Out Our Latest Report on ZION
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Zions Bancorporation, National Association Stock Performance
The company has a 50-day moving average of $48.29 and a 200-day moving average of $45.69. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.09.
Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $781.63 million. During the same period last year, the firm posted $1.13 EPS. On average, equities research analysts forecast that Zions Bancorporation, National Association will post 4.75 earnings per share 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 22nd. Stockholders of record on Thursday, August 15th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is 37.36%.
Zions Bancorporation, National Association Company Profile
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.
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