Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $55.00 at Wedbush

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price upped by stock analysts at Wedbush from $52.00 to $55.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. Wedbush’s price target points to a potential upside of 5.75% from the stock’s previous close.

ZION has been the subject of a number of other research reports. Compass Point boosted their target price on Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group lifted their price objective on Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday. Royal Bank of Canada lifted their price objective on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on Zions Bancorporation, National Association from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Jefferies Financial Group decreased their price objective on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association currently has an average rating of “Hold” and a consensus price target of $50.72.

Zions Bancorporation, National Association Price Performance

ZION traded up $2.57 during trading on Tuesday, hitting $52.01. The company’s stock had a trading volume of 1,296,352 shares, compared to its average volume of 2,110,993. The firm’s 50 day moving average price is $47.51 and its two-hundred day moving average price is $45.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. Zions Bancorporation, National Association has a 12 month low of $28.90 and a 12 month high of $53.32. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. During the same quarter in the previous year, the company posted $1.13 earnings per share. Sell-side analysts forecast that Zions Bancorporation, National Association will post 4.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the sale, the vice president now owns 17,857 shares in the company, valued at approximately $925,528.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, President Scott J. Mclean sold 60,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the sale, the president now owns 74,286 shares in the company, valued at approximately $3,850,243.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the completion of the sale, the vice president now owns 17,857 shares in the company, valued at $925,528.31. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,073 shares of company stock worth $3,476,298. Corporate insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

Institutional investors and hedge funds have recently bought and sold shares of the business. ORG Wealth Partners LLC bought a new stake in Zions Bancorporation, National Association in the third quarter valued at approximately $28,000. Fidelis Capital Partners LLC bought a new stake in Zions Bancorporation, National Association in the first quarter valued at approximately $27,000. ORG Partners LLC bought a new stake in Zions Bancorporation, National Association in the second quarter valued at approximately $33,000. International Assets Investment Management LLC bought a new stake in Zions Bancorporation, National Association in the second quarter valued at approximately $34,000. Finally, Rothschild Investment LLC bought a new stake in Zions Bancorporation, National Association in the second quarter valued at approximately $39,000. Institutional investors own 76.84% of the company’s stock.

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.