Zions Bancorporation, National Association (NASDAQ:ZION) PT Lowered to $52.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price reduced by stock analysts at Truist Financial from $54.00 to $52.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the bank’s stock. Truist Financial’s price objective would suggest a potential upside of 8.36% from the company’s previous close.

ZION has been the topic of a number of other research reports. Robert W. Baird raised their price target on Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Wedbush raised their price target on Zions Bancorporation, National Association from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group raised their price target on Zions Bancorporation, National Association from $47.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Compass Point raised their price target on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley raised their price target on Zions Bancorporation, National Association from $42.00 to $54.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of “Hold” and a consensus price target of $48.72.

Zions Bancorporation, National Association Trading Down 0.9 %

Shares of ZION stock opened at $47.99 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. Zions Bancorporation, National Association has a 52-week low of $28.90 and a 52-week high of $53.32. The company has a market capitalization of $7.09 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 2.83 and a beta of 1.09. The business’s fifty day moving average is $48.00 and its 200 day moving average is $44.24.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The company had revenue of $776.00 million for the quarter, compared to the consensus estimate of $761.61 million. During the same quarter last year, the business posted $1.11 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Zions Bancorporation, National Association will post 4.52 EPS for the current fiscal year.

Insider Activity

In other news, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the completion of the transaction, the president now directly owns 74,286 shares in the company, valued at $3,850,243.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Scott J. Mclean sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total value of $3,109,800.00. Following the completion of the transaction, the president now directly owns 74,286 shares in the company, valued at approximately $3,850,243.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the completion of the transaction, the vice president now owns 17,857 shares of the company’s stock, valued at $925,528.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,073 shares of company stock worth $3,476,298. Insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new stake in shares of Zions Bancorporation, National Association in the 1st quarter worth $27,000. Jones Financial Companies Lllp purchased a new stake in Zions Bancorporation, National Association in the 4th quarter worth $29,000. ORG Partners LLC purchased a new stake in Zions Bancorporation, National Association in the 2nd quarter worth $33,000. International Assets Investment Management LLC purchased a new stake in Zions Bancorporation, National Association in the 2nd quarter worth $34,000. Finally, Rothschild Investment LLC purchased a new stake in Zions Bancorporation, National Association in the 2nd quarter worth $39,000. 76.84% of the stock is owned by institutional investors.

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.