Zions Bancorporation, National Association (NASDAQ:ZION) Coverage Initiated at UBS Group

Investment analysts at UBS Group started coverage on shares of Zions Bancorporation, National Association (NASDAQ:ZION) in a research note issued on Tuesday, MarketBeat.com reports. The firm set a “neutral” rating and a $64.00 price target on the bank’s stock. UBS Group’s price target would suggest a potential upside of 20.48% from the company’s current price.

A number of other research firms have also issued reports on ZION. Wolfe Research raised Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. Royal Bank of Canada upped their price objective on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Morgan Stanley lifted their price objective on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Compass Point boosted their target price on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Robert W. Baird raised their price target on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus price target of $57.06.

Zions Bancorporation, National Association Trading Down 5.5 %

NASDAQ:ZION opened at $53.12 on Tuesday. Zions Bancorporation, National Association has a 52-week low of $37.76 and a 52-week high of $63.22. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $56.10 and a 200-day simple moving average of $49.56. The company has a market capitalization of $7.85 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 5.10 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. During the same period last year, the firm posted $1.13 EPS. On average, equities research analysts expect that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the sale, the executive vice president now directly owns 86,232 shares in the company, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 4,385 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value of $234,422.10. Following the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,881 shares of company stock worth $1,108,184. 2.22% of the stock is currently owned by company insiders.

Institutional Trading of Zions Bancorporation, National Association

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Zions Bancorporation, National Association by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock worth $271,003,000 after acquiring an additional 929,251 shares in the last quarter. State Street Corp increased its holdings in Zions Bancorporation, National Association by 14.6% during the 3rd quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock worth $332,515,000 after purchasing an additional 896,889 shares during the last quarter. Artemis Investment Management LLP raised its position in shares of Zions Bancorporation, National Association by 165.0% in the 3rd quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank’s stock valued at $42,761,000 after purchasing an additional 563,889 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Zions Bancorporation, National Association by 25.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock valued at $126,762,000 after purchasing an additional 538,049 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Zions Bancorporation, National Association during the 3rd quarter valued at approximately $24,647,000. 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.