Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) had its price target decreased by equities researchers at Robert W. Baird from $50.00 to $48.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. Robert W. Baird’s target price indicates a potential upside of 11.50% from the company’s current price.
A number of other equities analysts have also recently issued reports on the stock. Stephens increased their price objective on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Barclays increased their price objective on shares of Zions Bancorporation, National Association from $35.00 to $47.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Wells Fargo & Company increased their price objective on shares of Zions Bancorporation, National Association from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 14th. Piper Sandler cut their price objective on shares of Zions Bancorporation, National Association from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, October 23rd. Finally, Morgan Stanley cut shares of Zions Bancorporation, National Association from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $27.00 to $32.00 in a research report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and a consensus target price of $40.37.
Zions Bancorporation, National Association Trading Down 0.6 %
Zions Bancorporation, National Association stock traded down $0.26 during trading hours on Tuesday, reaching $43.05. 3,344,332 shares of the company’s stock were exchanged, compared to its average volume of 2,485,712. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.00. The firm’s 50 day simple moving average is $40.34 and its 200 day simple moving average is $36.53. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $55.19. The firm has a market capitalization of $6.38 billion, a PE ratio of 7.98 and a beta of 1.18.
Zions Bancorporation, National Association (NASDAQ:ZION – Get Free Report) last issued its quarterly earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $754.81 million. Zions Bancorporation, National Association had a return on equity of 17.72% and a net margin of 18.94%. During the same quarter in the previous year, the business posted $1.84 earnings per share. Research analysts predict that Zions Bancorporation, National Association will post 4.58 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of ZION. Penserra Capital Management LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth $25,000. IFP Advisors Inc lifted its holdings in shares of Zions Bancorporation, National Association by 628.2% during the 2nd quarter. IFP Advisors Inc now owns 954 shares of the bank’s stock worth $26,000 after acquiring an additional 823 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Zions Bancorporation, National Association during the 3rd quarter worth $27,000. Sentry Investment Management LLC bought a new stake in shares of Zions Bancorporation, National Association during the 2nd quarter worth $29,000. Finally, Albion Financial Group UT lifted its holdings in shares of Zions Bancorporation, National Association by 130.2% during the 2nd quarter. Albion Financial Group UT now owns 1,105 shares of the bank’s stock worth $30,000 after acquiring an additional 625 shares during the last quarter. 79.74% of the stock is owned by institutional investors.
Zions Bancorporation, National Association Company Profile
Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.