Zions Bancorporation, National Association (NASDAQ:ZION) PT Raised to $52.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target boosted by Robert W. Baird from $50.00 to $52.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a neutral rating on the bank’s stock.

A number of other equities analysts have also weighed in on the company. StockNews.com raised Zions Bancorporation, National Association from a sell rating to a hold rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lifted their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a neutral rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Zions Bancorporation, National Association in a research note on Wednesday, April 10th. They set a hold rating and a $47.00 target price for the company. Wells Fargo & Company increased their price objective on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company an equal weight rating in a report on Tuesday. Finally, Evercore ISI lifted their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an outperform rating in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $48.06.

Zions Bancorporation, National Association Stock Up 1.6 %

NASDAQ ZION opened at $51.80 on Tuesday. The stock’s 50-day moving average price is $44.04 and its 200-day moving average price is $42.41. The company has a market capitalization of $7.65 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 5.36 and a beta of 1.11. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 14.13%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 earnings per share. On average, equities research analysts predict that Zions Bancorporation, National Association will post 4.36 earnings per share for the current year.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares of the company’s stock, valued at $970,911.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the transaction, the executive vice president now owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan M. Forney sold 1,500 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the transaction, the chief executive officer now owns 22,181 shares in the company, valued at $968,866.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,296 shares of company stock worth $319,192. 2.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. New Millennium Group LLC purchased a new position in Zions Bancorporation, National Association during the second quarter valued at approximately $55,000. Clear Creek Financial Management LLC raised its stake in Zions Bancorporation, National Association by 2.7% in the second quarter. Clear Creek Financial Management LLC now owns 14,500 shares of the bank’s stock valued at $629,000 after buying an additional 380 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Zions Bancorporation, National Association during the second quarter valued at about $57,000. Fifth Third Wealth Advisors LLC acquired a new stake in Zions Bancorporation, National Association in the 2nd quarter worth approximately $198,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Zions Bancorporation, National Association by 1.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,146,411 shares of the bank’s stock worth $93,089,000 after buying an additional 22,123 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

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.