Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Increased to $52.00 by Analysts at Compass Point

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price hoisted by Compass Point from $43.00 to $52.00 in a report released on Wednesday, Benzinga reports. The firm currently has a neutral rating on the bank’s stock.

ZION has been the topic of several other reports. Truist Financial increased their price objective on Zions Bancorporation, National Association from $45.00 to $54.00 and gave the company a hold rating in a research note on Wednesday. Robert W. Baird increased their price objective on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a neutral rating in a research note on Tuesday, July 23rd. Evercore ISI increased their price objective on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an outperform rating in a research note on Thursday, March 28th. Wells Fargo & Company increased their price objective 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, July 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a market perform rating in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Zions Bancorporation, National Association has a consensus rating of Hold and an average price target of $48.06.

Zions Bancorporation, National Association Stock Up 0.9 %

NASDAQ:ZION opened at $52.29 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average is $44.18 and its two-hundred day moving average is $42.46. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week high of $53.32. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 5.16 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings results on Monday, July 22nd. The bank reported $1.28 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $761.61 million. During the same period in the prior year, the firm earned $1.11 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Research analysts anticipate that Zions Bancorporation, National Association will post 4.46 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the transaction, the chief executive officer now owns 22,181 shares of the company’s stock, valued at $968,866.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Rebecca K. Robinson sold 5,291 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were 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 in the company, valued at $970,911.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Alan M. Forney sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the sale, the chief executive officer now owns 22,181 shares of the company’s stock, valued at approximately $968,866.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,296 shares of company stock valued at $319,192. 2.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of hedge funds have recently added to or reduced their stakes in ZION. Dimensional Fund Advisors LP lifted its position in shares of Zions Bancorporation, National Association by 22.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank’s stock valued at $220,077,000 after acquiring an additional 927,899 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Zions Bancorporation, National Association by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,746,184 shares of the bank’s stock valued at $164,345,000 after acquiring an additional 27,934 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Zions Bancorporation, National Association by 119.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock worth $101,396,000 after purchasing an additional 1,259,571 shares in the last quarter. Fiduciary Management Inc. WI increased its stake in shares of Zions Bancorporation, National Association by 4.0% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,247,805 shares of the bank’s stock worth $98,611,000 after purchasing an additional 86,165 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Zions Bancorporation, National Association by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank’s stock worth $74,784,000 after purchasing an additional 5,609 shares in the last quarter. Institutional investors and hedge funds 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.