Zions Bancorporation, National Association (NASDAQ:ZION) Sets New 52-Week High on Analyst Upgrade

Zions Bancorporation, National Association (NASDAQ:ZION) shares reached a new 52-week high during mid-day trading on Wednesday after Evercore ISI raised their price target on the stock from $56.00 to $61.00. Evercore ISI currently has an outperform rating on the stock. Zions Bancorporation, National Association traded as high as $53.82 and last traded at $53.79, with a volume of 153515 shares changing hands. The stock had previously closed at $52.13.

A number of other equities analysts have also recently weighed in on the company. Argus cut Zions Bancorporation, National Association from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Wedbush lifted their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group dropped their price target on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. Royal Bank of Canada increased their price objective on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.12.

Insider Buying and Selling

In other news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,321,210.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.22% of the stock is currently owned by company insiders.

Institutional Trading of Zions Bancorporation, National Association

Several large investors have recently made changes to their positions in ZION. Fidelis Capital Partners LLC purchased a new position in Zions Bancorporation, National Association during the 1st quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new position in Zions Bancorporation, National Association during the third quarter worth $28,000. ORG Partners LLC purchased a new position in Zions Bancorporation, National Association during the second quarter worth $33,000. International Assets Investment Management LLC acquired a new position in Zions Bancorporation, National Association in the 2nd quarter valued at about $34,000. Finally, Rothschild Investment LLC acquired a new position in Zions Bancorporation, National Association in the 2nd quarter valued at $39,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, National Association Trading Down 1.6 %

The business’s fifty day moving average is $48.50 and its 200-day moving average is $45.78. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $7.69 billion, a PE ratio of 11.86, a P/E/G ratio of 1.82 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. During the same period last year, the firm posted $1.13 EPS. As a group, analysts anticipate that Zions Bancorporation, National Association will post 4.75 EPS for the current fiscal year.

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.