Keefe, Bruyette & Woods Raises Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $52.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective hoisted by Keefe, Bruyette & Woods from $44.00 to $52.00 in a research report released on Tuesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group lowered their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a hold rating for the company in a research note on Monday, April 8th. Royal Bank of Canada raised their target price on Zions Bancorporation, National Association from $48.00 to $54.00 and gave the company a sector perform rating in a research note on Tuesday. Wells Fargo & Company raised their target price on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company an equal weight rating in a research note on Tuesday. Stephens raised their target price on Zions Bancorporation, National Association from $48.00 to $51.00 and gave the company an equal weight rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a neutral rating in a research note on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of Hold and a consensus price target of $48.06.

Zions Bancorporation, National Association Trading Up 0.9 %

NASDAQ ZION opened at $52.29 on Tuesday. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.78. The stock has a 50 day simple moving average of $44.18 and a two-hundred day simple moving average of $42.47. The stock has a market cap of $7.72 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 5.11 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The business had revenue of $776.00 million during the quarter, compared to analysts’ expectations of $761.61 million. During the same quarter last year, the business posted $1.11 EPS. The business’s revenue was down .5% on a year-over-year basis. On average, analysts forecast that Zions Bancorporation, National Association will post 4.43 earnings per share for the current year.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the sale, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,296 shares of company stock valued at $319,192. Corporate insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

Large investors have recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new stake in shares of Zions Bancorporation, National Association in the first quarter worth $27,000. Federated Hermes Inc. grew its holdings in shares of Zions Bancorporation, National Association by 105.4% in the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after acquiring an additional 331 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth $29,000. ORG Partners LLC bought a new stake in shares of Zions Bancorporation, National Association in the second quarter worth $33,000. Finally, Quarry LP bought a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth $49,000. 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.