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

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target raised by research analysts at Barclays from $52.00 to $59.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “underweight” rating on the bank’s stock. Barclays‘s target price indicates a potential upside of 6.06% from the stock’s current price.

Other analysts have also issued reports about the company. Wedbush increased their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Robert W. Baird increased their price objective 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. Truist Financial boosted their target price 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. Morgan Stanley increased their price target on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Zions Bancorporation, National Association has a consensus rating of “Hold” and an average target price of $57.50.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock traded up $0.74 during trading on Monday, reaching $55.63. The company’s stock had a trading volume of 446,747 shares, compared to its average volume of 701,137. Zions Bancorporation, National Association has a 52 week low of $37.76 and a 52 week high of $63.22. The firm has a market cap of $8.22 billion, a PE ratio of 12.67, a P/E/G ratio of 5.10 and a beta of 1.12. The business’s 50-day moving average price is $56.95 and its 200-day moving average price is $50.72. 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 issued its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period in the previous year, the company posted $1.13 earnings per share. Equities analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value 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. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the vice president now directly owns 35,878 shares in the company, valued at $2,182,817.52. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,881 shares of company stock valued at $1,108,184. 2.22% of the stock is currently owned by company insiders.

Institutional Trading of Zions Bancorporation, National Association

Several large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in Zions Bancorporation, National Association during the third quarter worth $583,000. Cornercap Investment Counsel Inc. bought a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth about $510,000. Dimensional Fund Advisors LP grew its stake in shares of Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after buying an additional 929,251 shares during the period. Sequoia Financial Advisors LLC increased its position in Zions Bancorporation, National Association by 1.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock valued at $1,302,000 after buying an additional 506 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Zions Bancorporation, National Association by 75.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after buying an additional 433,513 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Company Profile

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.