Zions Bancorporation, National Association (NASDAQ:ZION) Stock Price Expected to Rise, Compass Point Analyst Says

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price raised by research analysts at Compass Point from $54.00 to $66.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Compass Point’s target price points to a potential upside of 12.76% from the company’s previous close.

ZION has been the topic of several other reports. 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, October 22nd. Stephens lifted their price objective on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price objective on shares of Zions Bancorporation, National Association from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Truist Financial increased their target price on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada lifted their price objective on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $55.88.

Zions Bancorporation, National Association Price Performance

Shares of ZION stock traded up $0.46 during trading hours on Tuesday, reaching $58.53. The company’s stock had a trading volume of 82,942 shares, compared to its average volume of 1,986,646. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 5.23 and a beta of 1.10. The firm’s 50 day simple moving average is $54.66 and its 200-day simple moving average is $48.90. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a fifty-two week low of $37.76 and a fifty-two week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results 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 analyst estimates of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period in the prior year, the company posted $1.13 earnings per share. Sell-side analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Insider Activity

In other news, VP Eric Ellingsen sold 1,238 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the sale, the vice president now owns 35,878 shares in the company, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the transaction, the executive vice president now owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. The trade was a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,881 shares of company stock valued at $1,108,184 over the last three months. Insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

Several institutional investors have recently made changes to their positions in ZION. Cornercap Investment Counsel Inc. acquired a new stake in Zions Bancorporation, National Association in the 3rd quarter valued at about $510,000. SG Americas Securities LLC boosted its stake in Zions Bancorporation, National Association by 222.9% in the second quarter. SG Americas Securities LLC now owns 42,852 shares of the bank’s stock valued at $1,858,000 after acquiring an additional 29,579 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in 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 valued at $93,089,000 after acquiring an additional 22,123 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Zions Bancorporation, National Association by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after acquiring an additional 929,251 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Zions Bancorporation, National Association by 1.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock valued at $1,302,000 after purchasing an additional 506 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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.