Zions Bancorporation, National Association (NASDAQ:ZION) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) in a research note issued on Thursday. The firm set a “hold” rating on the bank’s stock.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. cut shares of Zions Bancorporation, National Association from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $49.00 to $46.00 in a research note on Wednesday, January 25th. Wells Fargo & Company cut their target price on shares of Zions Bancorporation, National Association from $55.00 to $50.00 in a research note on Thursday, March 9th. Truist Financial upped their price objective on shares of Zions Bancorporation, National Association from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, February 1st. DA Davidson raised shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Tuesday, December 20th. They noted that the move was a valuation call. Finally, UBS Group upped their price objective on shares of Zions Bancorporation, National Association to $65.00 in a research note on Wednesday, November 16th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association presently has a consensus rating of “Hold” and an average target price of $58.32.

Zions Bancorporation, National Association Stock Down 1.9 %

ZION opened at $30.71 on Thursday. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 5.29, a PEG ratio of 0.25 and a beta of 1.17. The company has a fifty day moving average of $50.00 and a two-hundred day moving average of $51.02. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.84 and a current ratio of 0.84. Zions Bancorporation, National Association has a fifty-two week low of $22.55 and a fifty-two week high of $71.25.

Zions Bancorporation, National Association (NASDAQ:ZION – Get Rating) last released its earnings results on Monday, January 23rd. The bank reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.18. The business had revenue of $988.00 million during the quarter, compared to analysts’ expectations of $873.05 million. Zions Bancorporation, National Association had a net margin of 27.18% and a return on equity of 18.36%. During the same quarter in the previous year, the company earned $1.34 earnings per share. On average, research analysts expect that Zions Bancorporation, National Association will post 6.4 earnings per share for the current year.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 4,307 shares of the stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $53.02, for a total transaction of $228,357.14. Following the sale, the chief executive officer now directly owns 18,014 shares in the company, valued at approximately $955,102.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Zions Bancorporation, National Association news, CEO Alan M. Forney sold 4,307 shares of the stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $53.02, for a total transaction of $228,357.14. Following the sale, the chief executive officer now directly owns 18,014 shares in the company, valued at approximately $955,102.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Terry Alan Shirey sold 2,248 shares of the stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $52.84, for a total transaction of $118,784.32. Following the sale, the executive vice president now owns 19,221 shares in the company, valued at $1,015,637.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,932 shares of company stock worth $693,458. 1.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Zions Bancorporation, National Association by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 19,943,882 shares of the bank’s stock valued at $1,014,347,000 after purchasing an additional 902,141 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Zions Bancorporation, National Association by 7.2% in the 3rd quarter. Victory Capital Management Inc. now owns 7,704,832 shares of the bank’s stock valued at $391,868,000 after purchasing an additional 516,551 shares during the last quarter. State Street Corp increased its position in shares of Zions Bancorporation, National Association by 4.4% in the 3rd quarter. State Street Corp now owns 7,299,350 shares of the bank’s stock valued at $371,245,000 after purchasing an additional 304,725 shares during the last quarter. LSV Asset Management increased its position in shares of Zions Bancorporation, National Association by 16.2% in the 4th quarter. LSV Asset Management now owns 4,719,478 shares of the bank’s stock valued at $232,010,000 after purchasing an additional 656,756 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Zions Bancorporation, National Association by 3.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,413,092 shares of the bank’s stock valued at $224,450,000 after purchasing an additional 162,464 shares during the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

About Zions Bancorporation, National Association

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Zions Bancorporation NA is a bank holding company, which engages in the provision of full banking and related services. It operates through the following segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington.