Zions Bancorporation, National Association (NASDAQ:ZION) PT Raised to $54.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target raised by research analysts at Compass Point from $49.00 to $54.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Compass Point’s price target indicates a potential upside of 3.49% from the stock’s current price.

Other analysts also recently issued reports about the stock. StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Jefferies Financial Group cut their price objective 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. Royal Bank of Canada raised their target price on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Wells Fargo & Company increased their price objective on Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.82.

Zions Bancorporation, National Association Trading Up 0.6 %

Shares of NASDAQ:ZION opened at $52.18 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.84 and a current ratio of 0.78. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.93 and a beta of 1.09. The stock’s 50-day simple moving average is $47.97 and its two-hundred day simple moving average is $45.42. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same period in the prior year, the company posted $1.13 earnings per share. Analysts expect that Zions Bancorporation, National Association will post 4.6 EPS for the current year.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ZION. Dimensional Fund Advisors LP increased its stake in Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after buying an additional 929,251 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Zions Bancorporation, National Association by 1.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,146,411 shares of the bank’s stock worth $93,089,000 after purchasing an additional 22,123 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Zions Bancorporation, National Association by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock valued at $74,784,000 after buying an additional 5,609 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Zions Bancorporation, National Association by 9.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank’s stock valued at $44,202,000 after acquiring an additional 90,234 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Zions Bancorporation, National Association by 75.0% in the second quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after purchasing an additional 433,513 shares during the last quarter. Hedge funds and other institutional investors 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.