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

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price upped 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 brokerage currently has an “underweight” rating on the bank’s stock. Barclays‘s target price points to a potential upside of 6.50% from the stock’s previous close.

ZION has been the topic of several other research reports. Jefferies Financial Group cut their price target on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, September 11th. UBS Group started coverage on Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 target price on the stock. Royal Bank of Canada upped their price target 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, October 22nd. Compass Point lifted their price objective on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company boosted their target price on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $58.25.

Zions Bancorporation, National Association Stock Up 0.7 %

Shares of NASDAQ:ZION opened at $55.40 on Monday. The company’s fifty day moving average is $57.07 and its two-hundred day moving average is $50.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. Zions Bancorporation, National Association has a 1-year low of $37.76 and a 1-year high of $63.22. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 5.10 and a beta of 1.12.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $781.63 million. During the same quarter in the prior year, the business earned $1.13 earnings per share. Equities analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction 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 owns 24,714 shares of the company’s stock, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the completion of the transaction, the executive vice president now owns 86,232 shares in the company, valued at $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock valued at $1,108,184 over the last 90 days. 2.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds have recently bought and sold shares of ZION. ORG Wealth Partners LLC acquired a new stake in shares of Zions Bancorporation, National Association in the third quarter worth $28,000. Allspring Global Investments Holdings LLC boosted its position in Zions Bancorporation, National Association by 68.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,289 shares of the bank’s stock worth $56,000 after acquiring an additional 526 shares during the period. Abich Financial Wealth Management LLC grew its stake in Zions Bancorporation, National Association by 26.4% during the 2nd 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 in the last quarter. Larson Financial Group LLC increased its holdings in shares of Zions Bancorporation, National Association by 33,980.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,704 shares of the bank’s stock valued at $74,000 after purchasing an additional 1,699 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of Zions Bancorporation, National Association in the second quarter worth approximately $101,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.