Keefe, Bruyette & Woods Raises Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $70.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective boosted by analysts at Keefe, Bruyette & Woods from $65.00 to $70.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 20.65% from the stock’s previous close.

ZION has been the topic of several other research reports. Wedbush lifted their target price on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Stephens upped their price objective on shares of Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Truist Financial raised their target price on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upped their price target on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI lifted their price objective on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.71.

Zions Bancorporation, National Association Stock Down 0.1 %

ZION stock opened at $58.02 on Wednesday. The stock has a market capitalization of $8.57 billion, a P/E ratio of 11.72, a P/E/G ratio of 3.16 and a beta of 1.12. Zions Bancorporation, National Association has a 52 week low of $37.76 and a 52 week high of $63.22. The firm has a 50-day simple moving average of $57.17 and a 200-day simple moving average of $51.96. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $787,704.90 billion. Zions Bancorporation, National Association had a return on equity of 13.90% and a net margin of 15.70%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 earnings per share. Equities analysts forecast that Zions Bancorporation, National Association will post 4.94 earnings per share for the current fiscal year.

Insider Transactions at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jennifer Anne Smith sold 4,385 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now directly owns 24,714 shares in the company, valued at $1,321,210.44. This represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,881 shares of company stock valued at $1,108,184. 2.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently made changes to their positions in ZION. ORG Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association in the third quarter valued at approximately $28,000. Abich Financial Wealth Management LLC increased its stake in shares of Zions Bancorporation, National Association by 26.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock valued at $61,000 after purchasing an additional 296 shares during the period. Venturi Wealth Management LLC raised its stake in Zions Bancorporation, National Association by 209.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank’s stock valued at $117,000 after acquiring an additional 1,671 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Zions Bancorporation, National Association in the third quarter worth $119,000. Finally, TD Private Client Wealth LLC increased its stake in Zions Bancorporation, National Association by 15.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,837 shares of the bank’s stock valued at $134,000 after buying an additional 375 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

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.