Truist Financial Boosts Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $57.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price hoisted by equities research analysts at Truist Financial from $52.00 to $57.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the bank’s stock. Truist Financial’s target price indicates a potential upside of 8.88% from the stock’s current price.

A number of other research firms also recently issued reports on ZION. Wolfe Research upgraded shares of Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Robert W. Baird boosted their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday. Compass Point raised their target price on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. 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 report on Tuesday. Finally, Stephens raised their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.39.

Zions Bancorporation, National Association Trading Down 0.3 %

NASDAQ:ZION opened at $52.35 on Wednesday. The firm has a fifty day simple moving average of $47.72 and a 200-day simple moving average of $45.33. Zions Bancorporation, National Association has a 12 month low of $28.90 and a 12 month high of $53.32. 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 company has a market capitalization of $7.73 billion, a P/E ratio of 13.15, a PEG ratio of 1.91 and a beta of 1.09.

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

Insider Buying and Selling

In other news, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. 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 available at this link. In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the transaction, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,073 shares of company stock worth $3,476,298. 2.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association in the third quarter worth approximately $28,000. Fidelis Capital Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 1st quarter valued at $27,000. ORG Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth $33,000. International Assets Investment Management LLC acquired a new position in shares of Zions Bancorporation, National Association during the second quarter worth $34,000. Finally, Rothschild Investment LLC purchased a new position in Zions Bancorporation, National Association in the second quarter valued at $39,000. 76.84% of the stock is 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.