Zions Bancorporation, National Association (NASDAQ:ZION) Stock Price Expected to Rise, Stephens Analyst Says

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price upped by investment analysts at Stephens from $62.00 to $64.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Stephens’ price objective suggests a potential upside of 10.24% from the company’s current price.

Several other research analysts also recently issued reports on ZION. Truist Financial upped their price target on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley upped their price target on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upgraded shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, January 7th. Wedbush upped their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI upped their target price on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.35.

Zions Bancorporation, National Association Stock Down 1.6 %

Shares of ZION traded down $0.97 during midday trading on Wednesday, hitting $58.06. The stock had a trading volume of 917,511 shares, compared to its average volume of 1,236,269. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.12. The company has a 50 day simple moving average of $57.25 and a two-hundred day simple moving average of $51.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. Zions Bancorporation, National Association has a twelve month low of $37.76 and a twelve month high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The business had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $787,704.90 billion. During the same quarter last year, the company posted $0.78 earnings per share. Zions Bancorporation, National Association’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Insider Transactions at Zions Bancorporation, National Association

In related news, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the transaction, the vice president now directly owns 35,878 shares in the company, valued at $2,182,817.52. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul E. Burdiss sold 9,506 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares of the company’s stock, valued at $5,265,325.92. This represents a 9.93 % 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 insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ZION. ORG Wealth Partners LLC acquired a new stake in Zions Bancorporation, National Association in the third quarter valued at approximately $28,000. Abich Financial Wealth Management LLC lifted its holdings in Zions Bancorporation, National Association by 26.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after acquiring an additional 296 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Zions Bancorporation, National Association by 209.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after buying an additional 1,671 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth $119,000. Finally, TD Private Client Wealth LLC raised its stake in shares of Zions Bancorporation, National Association by 15.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock worth $134,000 after buying an additional 375 shares during the last quarter. Hedge funds and other institutional investors 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.