Zions Bancorporation, National Association (NASDAQ:ZION) Given New $55.00 Price Target at Stephens

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price lifted by equities researchers at Stephens from $53.00 to $55.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Stephens’ price objective points to a potential upside of 5.99% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Evercore ISI reduced their price target on shares of Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Wedbush increased their target price on Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Morgan Stanley raised Zions Bancorporation, National Association from an “underweight” rating to an “equal weight” rating and set a $54.00 price target on the stock in a research note on Monday, September 30th. Argus cut Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company decreased their price objective on Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $52.82.

Zions Bancorporation, National Association Trading Down 1.2 %

Shares of ZION stock opened at $51.89 on Tuesday. Zions Bancorporation, National Association has a 1-year low of $28.90 and a 1-year high of $53.32. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.91 and a beta of 1.09. 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 stock has a 50 day simple moving average of $47.72 and a 200-day simple moving average of $45.33.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.16 by $0.21. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. During the same quarter in the previous year, the firm earned $1.13 EPS. On average, equities research analysts expect that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 24,640 shares in the company, valued at approximately $1,275,859.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the business’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 sale, the vice president now directly owns 17,857 shares in the company, valued at $925,528.31. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction that occurred 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 completion of 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Hedge funds have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association during the first quarter worth $27,000. ORG Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association during the 3rd quarter worth $28,000. ORG Partners LLC purchased a new stake in Zions Bancorporation, National Association during the 2nd quarter worth about $33,000. International Assets Investment Management LLC acquired a new stake in Zions Bancorporation, National Association in the 2nd quarter valued at about $34,000. Finally, Rothschild Investment LLC purchased a new position in shares of Zions Bancorporation, National Association in the 2nd quarter valued at about $39,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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.