Zions Bancorporation, National Association (NASDAQ:ZION) Stock Price Expected to Rise, DA Davidson Analyst Says

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective increased by stock analysts at DA Davidson from $66.00 to $69.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. DA Davidson’s target price would indicate a potential upside of 18.92% from the stock’s current price. DA Davidson also issued estimates for Zions Bancorporation, National Association’s Q1 2025 earnings at $1.19 EPS.

Several other brokerages also recently commented on ZION. Truist Financial raised their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Stephens boosted their price objective on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. UBS Group assumed coverage on Zions Bancorporation, National Association in a report on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.71.

Zions Bancorporation, National Association Trading Down 0.1 %

NASDAQ:ZION opened at $58.02 on Wednesday. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 3.16 and a beta of 1.12. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The business has a fifty day moving average price of $57.17 and a 200-day moving average price of $51.96. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The firm had revenue of $820.00 million for 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 quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. Sell-side analysts forecast that Zions Bancorporation, National Association will post 4.94 EPS for the current year.

Insider Buying and Selling at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the completion of the sale, the vice president now directly owns 35,878 shares of the company’s stock, valued at $2,182,817.52. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Anne Smith sold 4,385 shares of the firm’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 transaction, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $1,321,210.44. This trade represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock worth $1,108,184 over the last 90 days. Company insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in shares of Zions Bancorporation, National Association by 1.2% during the 2nd quarter. Hsbc Holdings PLC now owns 30,247 shares of the bank’s stock worth $1,312,000 after buying an additional 363 shares in the last quarter. Sei Investments Co. grew its holdings in Zions Bancorporation, National Association by 1.9% during the 2nd quarter. Sei Investments Co. now owns 74,861 shares of the bank’s stock worth $3,246,000 after acquiring an additional 1,394 shares in the last quarter. Ensign Peak Advisors Inc increased its position in Zions Bancorporation, National Association by 7.5% during the 2nd quarter. Ensign Peak Advisors Inc now owns 46,479 shares of the bank’s stock valued at $2,016,000 after purchasing an additional 3,240 shares during the period. Alpha DNA Investment Management LLC bought a new stake in shares of Zions Bancorporation, National Association in the 2nd quarter valued at about $529,000. Finally, Abich Financial Wealth Management LLC lifted its position in shares of Zions Bancorporation, National Association by 26.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank’s stock worth $61,000 after purchasing an additional 296 shares during the period. 76.84% of the stock is currently owned by hedge funds and other 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.