Barclays Forecasts Strong Price Appreciation for Zions Bancorporation, National Association (NASDAQ:ZION) Stock

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) had its target price boosted by Barclays from $59.00 to $61.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the bank’s stock. Barclays‘s target price indicates a potential upside of 3.34% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Stephens lifted their target price on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Compass Point upped their price target on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Truist Financial lifted their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada lifted their price objective on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley lifted their price target on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of “Hold” and a consensus target price of $59.25.

View Our Latest Analysis on ZION

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ:ZION opened at $59.03 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a 12 month low of $37.76 and a 12 month high of $63.22. The stock has a market capitalization of $8.72 billion, a PE ratio of 13.45, a PEG ratio of 3.11 and a beta of 1.12. The firm has a 50 day moving average of $57.25 and a 200-day moving average of $51.88.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The company had revenue of $820.00 million for the quarter, compared to analyst estimates of $787,704.90 billion. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. On average, equities research analysts predict that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 in the company, valued at approximately $1,321,210.44. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total transaction of $580,436.36. Following the sale, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,881 shares of company stock worth $1,108,184. Company insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

A number of institutional investors and hedge funds have recently modified their holdings of ZION. ORG Wealth Partners LLC bought a new stake in Zions Bancorporation, National Association in the 3rd quarter worth approximately $28,000. Abich Financial Wealth Management LLC boosted its stake in shares of Zions Bancorporation, National Association by 26.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after buying an additional 296 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Zions Bancorporation, National Association by 209.1% in the third quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock worth $117,000 after acquiring an additional 1,671 shares during the period. Brooklyn Investment Group purchased a new stake in Zions Bancorporation, National Association during the third quarter valued at $119,000. Finally, TD Private Client Wealth LLC lifted its holdings in Zions Bancorporation, National Association by 15.2% in the third quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock valued at $134,000 after acquiring an additional 375 shares during the period. Institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Zions Bancorporation, National Association (NASDAQ:ZION)

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