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

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective increased by equities research analysts at Stephens from $62.00 to $64.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Stephens’ price target would indicate a potential upside of 10.24% from the company’s current price.

Several other brokerages also recently commented on ZION. Robert W. Baird lifted their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Wedbush boosted their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group raised Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, January 7th. UBS Group began coverage on Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They set a “neutral” rating and a $64.00 price target on the stock. Finally, Evercore ISI upped their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $60.35.

Zions Bancorporation, National Association Stock Performance

ZION traded down $0.97 during trading hours on Wednesday, hitting $58.06. 917,511 shares of the stock were exchanged, compared to its average volume of 1,236,269. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.12. Zions Bancorporation, National Association has a 12 month low of $37.76 and a 12 month high of $63.22. The stock has a 50-day simple moving average of $57.25 and a 200-day simple moving average of $51.88.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The business had revenue of $820.00 million during the quarter, compared to analyst estimates of $787,704.90 billion. During the same quarter last year, the company posted $0.78 EPS. Zions Bancorporation, National Association’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts anticipate that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Paul E. Burdiss sold 9,506 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. This represents a 9.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the sale, the vice president now directly owns 35,878 shares of the company’s stock, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,881 shares of company stock worth $1,108,184 over the last quarter. 2.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several hedge funds have recently made changes to their positions in ZION. ORG Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association during the 3rd quarter worth approximately $28,000. Abich Financial Wealth Management LLC increased its position in shares of Zions Bancorporation, National Association by 26.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after purchasing an additional 296 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after purchasing an additional 1,671 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Zions Bancorporation, National Association in the 3rd quarter worth about $119,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Zions Bancorporation, National Association by 15.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock valued at $134,000 after buying an additional 375 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.