Zions Bancorporation, National Association (NASDAQ:ZION) PT Raised to $54.00 at The Goldman Sachs Group

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective upped by The Goldman Sachs Group from $47.00 to $54.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the bank’s stock.

Several other equities analysts have also recently commented on the stock. Robert W. Baird increased their price target on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the stock a neutral rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a neutral rating in a research report on Thursday, April 4th. Truist Financial reiterated a hold rating and set a $46.00 price target on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. UBS Group cut their target price on Zions Bancorporation, National Association from $47.00 to $45.00 and set a neutral rating on the stock in a research note on Tuesday, April 23rd. Finally, Evercore ISI boosted their target price on shares of 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. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Zions Bancorporation, National Association currently has an average rating of Hold and a consensus price target of $48.06.

Zions Bancorporation, National Association Trading Up 1.6 %

NASDAQ ZION opened at $51.80 on Tuesday. The company’s fifty day simple moving average is $44.04 and its 200-day simple moving average is $42.41. The stock has a market cap of $7.65 billion, a P/E ratio of 13.02, a PEG ratio of 5.36 and a beta of 1.11. Zions Bancorporation, National Association has a 52 week low of $28.90 and a 52 week high of $53.32. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.01.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 14.13% and a net margin of 13.53%. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $761.61 million. During the same quarter last year, the firm earned $1.11 EPS. Zions Bancorporation, National Association’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts predict that Zions Bancorporation, National Association will post 4.36 EPS for the current fiscal year.

Insider Transactions at Zions Bancorporation, National Association

In other news, CEO Alan M. Forney sold 1,500 shares of the stock in a transaction on Friday, May 3rd. The stock was 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 in the company, valued at approximately $968,866.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was 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 $970,911.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alan M. Forney sold 1,500 shares of Zions Bancorporation, National Association 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 transaction, the chief executive officer now directly owns 22,181 shares in the company, valued at approximately $968,866.08. The disclosure for this sale can be found here. Insiders have sold 7,296 shares of company stock valued at $319,192 in the last quarter. Insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in Zions Bancorporation, National Association by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,746,184 shares of the bank’s stock worth $164,345,000 after acquiring an additional 27,934 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Zions Bancorporation, National Association by 119.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock valued at $101,396,000 after purchasing an additional 1,259,571 shares during the last quarter. Fiduciary Management Inc. WI increased its position in Zions Bancorporation, National Association by 4.0% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,247,805 shares of the bank’s stock worth $98,611,000 after buying an additional 86,165 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Zions Bancorporation, National Association in the fourth quarter worth about $67,694,000. 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.