Zions Bancorporation, National Association (NASDAQ:ZION) Stock Rating Upgraded by StockNews.com

Zions Bancorporation, National Association (NASDAQ:ZION) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other brokerages have also issued reports on ZION. JPMorgan Chase & Co. boosted their target price on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Truist Financial reiterated a “hold” rating and set a $46.00 target price on shares of Zions Bancorporation, National Association in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Zions Bancorporation, National Association in a research note on Wednesday, April 10th. They set a “hold” rating and a $47.00 price objective on the stock. Jefferies Financial Group reduced their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Finally, Evercore ISI boosted their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.82.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock opened at $43.37 on Friday. The firm has a market cap of $6.40 billion, a P/E ratio of 10.90, a P/E/G ratio of 4.83 and a beta of 1.11. Zions Bancorporation, National Association has a fifty-two week low of $26.69 and a fifty-two week high of $46.15. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $42.47 and a 200 day simple moving average of $41.95.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $747.21 million. During the same period last year, the firm earned $1.33 earnings per share. Sell-side analysts predict that Zions Bancorporation, National Association will post 4.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total transaction of $231,005.06. Following the completion of the transaction, the executive vice president now directly owns 22,238 shares in the company, valued at $970,911.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares in the company, valued at approximately $970,911.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the transaction, the chief executive officer now directly 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 ninety days, insiders sold 7,296 shares of company stock worth $319,192. 2.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several institutional investors have recently added to or reduced their stakes in ZION. Kestra Advisory Services LLC raised its holdings in shares of Zions Bancorporation, National Association by 31.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 10,326 shares of the bank’s stock valued at $360,000 after acquiring an additional 2,467 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Zions Bancorporation, National Association by 18.4% during the third quarter. Northern Trust Corp now owns 1,646,005 shares of the bank’s stock valued at $57,429,000 after acquiring an additional 255,473 shares in the last quarter. Algert Global LLC boosted its stake in shares of Zions Bancorporation, National Association by 73.9% during the 3rd quarter. Algert Global LLC now owns 13,170 shares of the bank’s stock valued at $460,000 after purchasing an additional 5,597 shares in the last quarter. Natixis Advisors L.P. bought a new position in shares of Zions Bancorporation, National Association in the 3rd quarter worth approximately $6,385,000. Finally, Treasurer of the State of North Carolina lifted its position in Zions Bancorporation, National Association by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 63,896 shares of the bank’s stock valued at $2,229,000 after buying an additional 330 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.