Robert W. Baird Raises Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $55.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price boosted by equities research analysts at Robert W. Baird from $52.00 to $55.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. Robert W. Baird’s price objective suggests a potential upside of 5.99% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada boosted their price target on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company decreased their price target on shares of Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, August 21st. Evercore ISI decreased their target price on Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Wolfe Research raised Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. Finally, Truist Financial cut their price target on Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.82.

Zions Bancorporation, National Association Stock Performance

NASDAQ:ZION opened at $51.89 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $7.66 billion, a PE ratio of 13.04, a P/E/G ratio of 1.91 and a beta of 1.09. The firm has a 50 day simple moving average of $47.72 and a 200-day simple moving average of $45.33. 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 announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. During the same quarter last year, the business earned $1.13 EPS. On average, equities analysts expect that Zions Bancorporation, National Association will post 4.53 EPS for the current year.

Insider Activity

In other news, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares in the company, valued at approximately $925,528.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $267,235.48. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Terry Alan Shirey sold 1,917 shares of the business’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 transaction of $99,262.26. Following the completion of the sale, the executive vice president now owns 24,640 shares in the company, valued at $1,275,859.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors and hedge funds have recently modified their holdings of ZION. Principal Financial Group Inc. raised its position in shares of Zions Bancorporation, National Association by 197.5% during the first quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock worth $24,616,000 after purchasing an additional 376,549 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Zions Bancorporation, National Association by 4.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 57,497 shares of the bank’s stock valued at $2,495,000 after purchasing an additional 2,285 shares during the period. Caprock Group LLC increased its stake in Zions Bancorporation, National Association by 18.4% in the 1st quarter. Caprock Group LLC now owns 7,043 shares of the bank’s stock worth $306,000 after purchasing an additional 1,097 shares in the last quarter. HB Wealth Management LLC increased its stake in Zions Bancorporation, National Association by 16.0% in the 1st quarter. HB Wealth Management LLC now owns 10,396 shares of the bank’s stock worth $451,000 after purchasing an additional 1,432 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in Zions Bancorporation, National Association by 469.8% during the 1st quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock worth $8,074,000 after buying an additional 153,387 shares during the period. Institutional investors and hedge funds 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.