Zions Bancorporation, National Association (NASDAQ:ZION) PT Lowered to $45.00 at UBS Group

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective decreased by research analysts at UBS Group from $47.00 to $45.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. UBS Group’s target price would suggest a potential upside of 6.71% from the company’s current price.

Other analysts have also issued reports about the stock. Jefferies Financial Group cut their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th. TheStreet raised shares of Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Morgan Stanley increased their price target on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 7th. Robert W. Baird decreased their target price on shares of Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Finally, Evercore ISI raised their price target on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.16.

Zions Bancorporation, National Association Price Performance

Zions Bancorporation, National Association stock opened at $42.17 on Tuesday. Zions Bancorporation, National Association has a 12 month low of $18.26 and a 12 month high of $46.15. The company has a current ratio of 0.77, a quick ratio of 0.80 and a debt-to-equity ratio of 0.10. The business’s 50 day simple moving average is $40.86 and its 200 day simple moving average is $39.29. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 10.60 and a beta of 1.13.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, April 22nd. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $747.21 million. Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. During the same period in the previous year, the firm earned $1.33 EPS. Sell-side analysts forecast that Zions Bancorporation, National Association will post 4.28 EPS for the current year.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Steven Dan Stephens sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the sale, the executive vice president now owns 44,056 shares of the company’s stock, valued at approximately $1,797,925.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $44.25, for a total transaction of $181,115.25. Following the transaction, the vice president now directly owns 14,665 shares of the company’s stock, valued at $648,926.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the transaction, the executive vice president now directly owns 44,056 shares in the company, valued at $1,797,925.36. The disclosure for this sale can be found here. Insiders sold a total of 18,022 shares of company stock valued at $744,893 in the last three months. Company insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of hedge funds have recently modified their holdings of ZION. Federated Hermes Inc. increased its position in Zions Bancorporation, National Association by 105.4% during the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock worth $28,000 after purchasing an additional 331 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Zions Bancorporation, National Association in the fourth quarter valued at approximately $29,000. Quarry LP purchased a new position in Zions Bancorporation, National Association in the fourth quarter worth approximately $49,000. Ronald Blue Trust Inc. lifted its position in shares of Zions Bancorporation, National Association by 274.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank’s stock worth $73,000 after buying an additional 1,538 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Zions Bancorporation, National Association by 4,613.3% during the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock worth $93,000 after buying an additional 2,076 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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.