Zions Bancorporation, N.A. (NASDAQ:ZION) Price Target Raised to $68.00

Zions Bancorporation, N.A. (NASDAQ:ZION) had its price target raised by analysts at Barclays from $61.00 to $68.00 in a report issued on Monday,Benzinga reports. The firm presently has an “underweight” rating on the bank’s stock. Barclays‘s price objective would suggest a potential upside of 12.34% from the company’s current price.

Other equities analysts also recently issued reports about the stock. UBS Group decreased their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. JPMorgan Chase & Co. raised their price target on Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th. Morgan Stanley upped their target price on Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Cantor Fitzgerald began coverage on Zions Bancorporation, N.A. in a research report on Wednesday, September 10th. They issued an “overweight” rating and a $64.00 target price for the company. Finally, Robert W. Baird upgraded shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research note on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.70.

Zions Bancorporation, N.A. Price Performance

NASDAQ ZION traded up $1.28 during trading hours on Monday, hitting $60.53. The company had a trading volume of 176,106 shares, compared to its average volume of 647,049. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $60.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.95 and a beta of 0.85. The firm has a 50 day simple moving average of $54.95 and a 200 day simple moving average of $54.86.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its earnings results on Monday, June 12th. The bank reported $1.32 EPS for the quarter. Zions Bancorporation, N.A. had a return on equity of 13.56% and a net margin of 17.22%.The company had revenue of $705.00 million during the quarter. Equities research analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Insider Transactions at Zions Bancorporation, N.A.

In other Zions Bancorporation, N.A. news, EVP Jennifer Anne Smith sold 2,458 shares of Zions Bancorporation, N.A. stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the sale, the executive vice president directly owned 27,133 shares of the company’s stock, valued at approximately $1,441,033.63. The trade was a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

Several institutional investors and hedge funds have recently modified their holdings of ZION. Traub Capital Management LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the 2nd quarter worth $31,000. Assetmark Inc. increased its position in Zions Bancorporation, N.A. by 75.3% in the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock valued at $35,000 after acquiring an additional 289 shares during the period. Community Bank N.A. purchased a new position in Zions Bancorporation, N.A. during the 3rd quarter valued at about $36,000. Steph & Co. acquired a new position in Zions Bancorporation, N.A. during the third quarter worth about $37,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.