Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Lowered to $49.00 at Jefferies Financial Group

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective lowered by stock analysts at Jefferies Financial Group from $51.00 to $49.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s target price points to a potential upside of 8.62% from the company’s previous close.

A number of other research analysts have also weighed in on the company. The Goldman Sachs Group increased their price target on Zions Bancorporation, National Association from $47.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Morgan Stanley raised their price target on Zions Bancorporation, National Association from $42.00 to $54.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Wedbush upped their price objective on shares of Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Argus cut shares of Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Compass Point boosted their target price on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $48.83.

Zions Bancorporation, National Association Stock Up 0.1 %

ZION opened at $45.11 on Wednesday. The firm has a market cap of $6.66 billion, a P/E ratio of 11.33, a PEG ratio of 2.72 and a beta of 1.10. The business’s fifty day simple moving average is $47.70 and its 200 day simple moving average is $43.89. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week 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.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.18. The company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.11 EPS. As a group, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of the business’s stock in a transaction on 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 owns 24,640 shares in the company, valued at approximately $1,275,859.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was 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 approximately $1,275,859.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Scott J. Mclean sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the sale, the president now directly owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. The disclosure for this sale can be found here. Insiders sold 67,073 shares of company stock valued at $3,476,298 over the last 90 days. 2.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of hedge funds have recently added to or reduced their stakes in ZION. Fidelis Capital Partners LLC acquired a new position in Zions Bancorporation, National Association during the 1st quarter valued at about $27,000. Jones Financial Companies Lllp acquired a new stake in Zions Bancorporation, National Association in the fourth quarter worth about $29,000. ORG Partners LLC acquired a new position in Zions Bancorporation, National Association during the 2nd quarter valued at about $33,000. International Assets Investment Management LLC acquired a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter worth approximately $34,000. Finally, Rothschild Investment LLC bought a new position in shares of Zions Bancorporation, National Association in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

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.