Stephens Boosts Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $55.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price lifted by stock analysts at Stephens from $53.00 to $55.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Stephens’ price objective suggests a potential upside of 7.84% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Evercore ISI reduced their target price on shares of Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Wells Fargo & Company reduced their target price on shares of Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, August 21st. Argus cut shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada increased their target price on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 23rd. Finally, Wolfe Research raised shares of Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus target price of $49.83.

Zions Bancorporation, National Association Stock Up 3.2 %

Zions Bancorporation, National Association stock opened at $51.00 on Tuesday. The stock has a market capitalization of $7.53 billion, a PE ratio of 12.81, a price-to-earnings-growth 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. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $47.51 and a 200-day moving average of $45.20.

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

Insider Activity

In other news, EVP Terry Alan Shirey sold 1,917 shares of the stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the transaction, the executive vice president now directly owns 24,640 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock valued at $3,476,298 over the last ninety days. 2.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in Zions Bancorporation, National Association by 197.5% in the 1st quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock valued at $24,616,000 after buying an additional 376,549 shares during the period. Commonwealth Equity Services LLC increased its holdings in Zions Bancorporation, National Association by 4.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 57,497 shares of the bank’s stock valued at $2,495,000 after buying an additional 2,285 shares during the period. Caprock Group LLC increased its holdings in Zions Bancorporation, National Association by 18.4% in the 1st quarter. Caprock Group LLC now owns 7,043 shares of the bank’s stock valued at $306,000 after buying an additional 1,097 shares during the period. HB Wealth Management LLC increased its holdings in Zions Bancorporation, National Association by 16.0% in the 1st quarter. HB Wealth Management LLC now owns 10,396 shares of the bank’s stock valued at $451,000 after buying an additional 1,432 shares during the period. Finally, Retirement Systems of Alabama increased its holdings in Zions Bancorporation, National Association by 469.8% in the 1st quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock valued at $8,074,000 after buying an additional 153,387 shares during the period. 76.84% of the stock is owned by institutional investors.

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.