Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $52.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective upped by Wells Fargo & Company from $44.00 to $52.00 in a report published on Tuesday, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

A number of other equities analysts have also recently commented on ZION. UBS Group lowered their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a neutral rating for the company in a report on Tuesday, April 23rd. Jefferies Financial Group lowered their price target on Zions Bancorporation, National Association from $47.00 to $45.00 and set a hold rating for the company in a report on Monday, April 8th. JPMorgan Chase & Co. boosted their price target on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a neutral rating in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on Zions Bancorporation, National Association in a report on Wednesday, April 10th. They set a hold rating and a $47.00 price target for the company. Finally, Royal Bank of Canada upped their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock a sector perform rating in a report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $48.06.

Zions Bancorporation, National Association Stock Performance

ZION opened at $52.29 on Tuesday. The business has a fifty day simple moving average of $44.18 and a 200 day simple moving average of $42.47. The company has a market capitalization of $7.72 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 5.11 and a beta of 1.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.82. Zions Bancorporation, National Association has a 1 year low of $28.90 and a 1 year high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. The firm had revenue of $776.00 million during the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 EPS. Research analysts expect that Zions Bancorporation, National Association will post 4.43 EPS for the current year.

Insider Activity

In related news, CEO Alan M. Forney sold 1,500 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares in the company, valued at approximately $968,866.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the sale, the executive vice president now owns 22,238 shares in the company, valued at approximately $970,911.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Alan M. Forney sold 1,500 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the sale, the chief executive officer now owns 22,181 shares in the company, valued at approximately $968,866.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,296 shares of company stock valued at $319,192. Company insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several institutional investors and hedge funds have recently made changes to their positions in ZION. Fidelis Capital Partners LLC bought a new position in Zions Bancorporation, National Association in the first quarter worth approximately $27,000. Federated Hermes Inc. boosted its holdings in Zions Bancorporation, National Association by 105.4% in the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after acquiring an additional 331 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Zions Bancorporation, National Association in the fourth quarter worth approximately $29,000. ORG Partners LLC bought a new position in Zions Bancorporation, National Association in the second quarter worth approximately $33,000. Finally, Quarry LP bought a new position in Zions Bancorporation, National Association in the fourth quarter worth approximately $49,000. Institutional investors 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.