Zions Bancorporation, National Association (NASDAQ:ZION) PT Raised to $57.00 at Truist Financial

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective upped by Truist Financial from $52.00 to $57.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the bank’s stock. Truist Financial’s price target would indicate a potential upside of 8.88% from the stock’s current price.

ZION has been the subject of several other research reports. Barclays increased their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the stock an “underweight” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on shares of Zions Bancorporation, National Association from $50.00 to $54.00 and gave the company an “equal weight” rating in a report on Tuesday. Stephens upped their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday. The Goldman Sachs Group boosted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price target 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. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $51.39.

Zions Bancorporation, National Association Stock Down 0.3 %

Shares of NASDAQ:ZION opened at $52.35 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. The firm has a 50 day simple moving average of $47.72 and a 200-day simple moving average of $45.33. The company has a market capitalization of $7.73 billion, a PE ratio of 13.15, a P/E/G ratio of 1.91 and a beta of 1.09. Zions Bancorporation, National Association has a twelve month low of $28.90 and a twelve month high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. During the same quarter in the prior year, the firm posted $1.13 earnings per share. On average, equities analysts predict that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the transaction, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the sale, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the transaction, the president now owns 74,286 shares in the company, valued at $3,850,243.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,073 shares of company stock worth $3,476,298. 2.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fidelis Capital Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the first quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in Zions Bancorporation, National Association during the 3rd quarter valued at $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 acquired a new stake in shares of Zions Bancorporation, National Association during the second quarter valued at about $34,000. Finally, Rothschild Investment LLC purchased a new stake in Zions Bancorporation, National Association during the 2nd quarter worth approximately $39,000. 76.84% of the stock is owned by institutional investors and hedge funds.

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.