Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $59.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective lifted by investment analysts at Barclays from $52.00 to $59.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “underweight” rating on the bank’s stock. Barclays‘s target price suggests a potential upside of 6.06% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group decreased their price target on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, September 11th. JPMorgan Chase & Co. reduced their target price on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. UBS Group started coverage on shares of Zions Bancorporation, National Association in a research report on Tuesday, December 17th. They set a “neutral” rating and a $64.00 price target on the stock. Wedbush upped their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Wolfe Research upgraded shares of Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Zions Bancorporation, National Association has an average rating of “Hold” and an average target price of $57.50.

Zions Bancorporation, National Association Stock Up 1.3 %

Shares of NASDAQ ZION traded up $0.74 during mid-day trading on Monday, reaching $55.63. 446,747 shares of the company’s stock traded hands, compared to its average volume of 701,137. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day simple moving average of $56.95 and a 200 day simple moving average of $50.72. The stock has a market cap of $8.22 billion, a P/E ratio of 12.67, a PEG ratio of 5.10 and a beta of 1.12. Zions Bancorporation, National Association has a 1-year low of $37.76 and a 1-year high of $63.22.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently made changes to their positions in ZION. State Street Corp grew its position in Zions Bancorporation, National Association by 14.6% in the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock worth $332,515,000 after acquiring an additional 896,889 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Zions Bancorporation, National Association by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock worth $271,003,000 after purchasing an additional 929,251 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Zions Bancorporation, National Association by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock worth $221,367,000 after purchasing an additional 140,084 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Zions Bancorporation, National Association by 25.1% during 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 during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Zions Bancorporation, National Association by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank’s stock valued at $124,592,000 after buying an additional 30,030 shares in the last quarter. 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.