Zions Bancorporation, National Association (NASDAQ:ZION) PT Lowered to $54.00 at JPMorgan Chase & Co.

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $58.00 to $54.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 12.01% from the stock’s previous close.

Several other research firms have also recently issued reports on ZION. Royal Bank of Canada raised their price objective on 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. Jefferies Financial Group dropped their target price on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, September 11th. StockNews.com raised Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Wedbush lifted their target price on 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. Finally, Compass Point lifted their target price on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. One 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.28.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ ZION traded up $0.99 during trading hours on Wednesday, reaching $48.21. The stock had a trading volume of 821,181 shares, compared to its average volume of 2,140,306. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32. The firm has a 50-day moving average of $47.04 and a 200-day moving average of $44.78. 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 firm has a market cap of $7.12 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 2.89 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The business had revenue of $776.00 million during the quarter, compared to the consensus estimate of $761.61 million. During the same period in the prior year, the business posted $1.11 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts predict that Zions Bancorporation, National Association will post 4.53 earnings per share for the current year.

Insiders Place Their Bets

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 $1,275,859.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the sale, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the sale, the executive vice president now 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 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 currently owned by company insiders.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds and other institutional investors have recently modified their holdings of ZION. Fidelis Capital Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the 1st quarter worth approximately $27,000. ORG Partners LLC purchased a new stake in Zions Bancorporation, National Association during the 2nd quarter valued at approximately $33,000. International Assets Investment Management LLC purchased a new stake in Zions Bancorporation, National Association during the 2nd quarter valued at approximately $34,000. Rothschild Investment LLC purchased a new position in shares of Zions Bancorporation, National Association in the second quarter valued at $39,000. Finally, Quarry LP purchased a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at $49,000. 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.