Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $54.00 at Compass Point

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective upped by analysts at Compass Point from $49.00 to $54.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Compass Point’s price target suggests a potential upside of 5.51% from the company’s current price.

Other research analysts also recently issued research reports about 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 report on Tuesday. Morgan Stanley upped their price objective on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday. StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Stephens upped their target price on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, 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. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.50.

Zions Bancorporation, National Association Trading Down 2.5 %

ZION traded down $1.33 during trading on Wednesday, reaching $51.18. 989,365 shares of the company’s stock were exchanged, compared to its average volume of 2,119,929. Zions Bancorporation, National Association has a one year low of $28.90 and a one year high of $53.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $7.56 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09. The firm has a fifty day moving average price of $47.72 and a two-hundred day moving average price of $45.33.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its 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. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. During the same quarter in the previous year, the company earned $1.13 EPS. As a group, equities research analysts forecast that Zions Bancorporation, National Association will post 4.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Terry Alan Shirey sold 1,917 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the completion of the sale, the executive vice president now owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total value of $99,262.26. Following the sale, the executive vice president now owns 24,640 shares of the company’s stock, valued at $1,275,859.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $51.83, for a total value of $3,109,800.00. Following the sale, the president now directly owns 74,286 shares of the company’s stock, valued at $3,850,243.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,073 shares of company stock worth $3,476,298. Company insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Zions Bancorporation, National Association by 197.5% during the first quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock worth $24,616,000 after acquiring an additional 376,549 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Zions Bancorporation, National Association by 4.1% during the first quarter. Commonwealth Equity Services LLC now owns 57,497 shares of the bank’s stock worth $2,495,000 after buying an additional 2,285 shares during the period. Caprock Group LLC lifted its position in shares of Zions Bancorporation, National Association by 18.4% during the 1st quarter. Caprock Group LLC now owns 7,043 shares of the bank’s stock valued at $306,000 after acquiring an additional 1,097 shares during the period. HB Wealth Management LLC grew its holdings in shares of Zions Bancorporation, National Association by 16.0% in the 1st quarter. HB Wealth Management LLC now owns 10,396 shares of the bank’s stock worth $451,000 after acquiring an additional 1,432 shares during the period. Finally, Retirement Systems of Alabama increased its stake in Zions Bancorporation, National Association by 469.8% in the 1st quarter. Retirement Systems of Alabama now owns 186,038 shares of the bank’s stock valued at $8,074,000 after purchasing an additional 153,387 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.