Zions Bancorporation, National Association (NASDAQ:ZION) Downgraded by StockNews.com to “Sell”

Zions Bancorporation, National Association (NASDAQ:ZION) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Other analysts also recently issued reports about the stock. Jefferies Financial Group dropped their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a report on Monday, April 8th. UBS Group cut their price objective on Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. Royal Bank of Canada raised their price objective on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, April 23rd. Stephens upped their target price on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 23rd. Finally, Morgan Stanley lifted 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. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.33.

Zions Bancorporation, National Association Price Performance

Shares of NASDAQ ZION opened at $42.56 on Wednesday. The stock’s 50-day simple moving average is $42.22 and its two-hundred day simple moving average is $40.79. Zions Bancorporation, National Association has a twelve month low of $26.35 and a twelve month high of $46.15. The firm has a market capitalization of $6.28 billion, a P/E ratio of 10.69, a P/E/G ratio of 5.07 and a beta of 1.13. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Friday, April 26th. The bank reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $747.21 million. During the same quarter last year, the company posted $1.33 earnings per share. As a group, equities analysts anticipate that Zions Bancorporation, National Association will post 4.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $43.66, for a total transaction of $231,005.06. Following the transaction, the executive vice president now directly owns 22,238 shares of the company’s stock, valued at approximately $970,911.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Alan M. Forney sold 1,500 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the transaction, the chief executive officer now directly owns 22,181 shares in the company, valued at approximately $968,866.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rebecca K. Robinson sold 5,291 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the sale, the executive vice president now directly owns 22,238 shares in the company, valued at approximately $970,911.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,296 shares of company stock worth $319,192. 2.22% of the stock is currently owned by company insiders.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. increased its stake in Zions Bancorporation, National Association by 15.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,497 shares of the bank’s stock valued at $122,000 after purchasing an additional 469 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Zions Bancorporation, National Association by 19.9% during the third quarter. Nisa Investment Advisors LLC now owns 63,667 shares of the bank’s stock valued at $2,221,000 after buying an additional 10,582 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Zions Bancorporation, National Association during the third quarter valued at approximately $491,000. Ieq Capital LLC raised its holdings in Zions Bancorporation, National Association by 74.7% in the 3rd quarter. Ieq Capital LLC now owns 15,124 shares of the bank’s stock worth $528,000 after acquiring an additional 6,466 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Zions Bancorporation, National Association by 52.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 466,483 shares of the bank’s stock valued at $16,276,000 after acquiring an additional 161,119 shares in the last quarter. 76.84% of the stock is owned by institutional investors.

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.