Jefferies Financial Group Lowers Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $45.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price cut by Jefferies Financial Group from $47.00 to $45.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s target price suggests a potential upside of 3.42% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Morgan Stanley boosted their target price on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a research report on Wednesday, February 7th. Compass Point reaffirmed a “neutral” rating on shares of Zions Bancorporation, National Association in a report on Monday, January 8th. Barclays boosted their price target on Zions Bancorporation, National Association from $35.00 to $47.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 price objective on shares of Zions Bancorporation, National Association in a research note on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Zions Bancorporation, National Association from $49.50 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.78.

Zions Bancorporation, National Association Trading Up 1.2 %

NASDAQ:ZION opened at $43.51 on Monday. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 10.00 and a beta of 1.13. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average price is $40.70 and its 200-day moving average price is $38.79. Zions Bancorporation, National Association has a 52 week low of $18.26 and a 52 week high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $754.81 million. During the same quarter in the prior year, the business posted $1.84 earnings per share. On average, equities research analysts forecast that Zions Bancorporation, National Association will post 4.3 earnings per share for the current fiscal year.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $44.25, for a total transaction of $181,115.25. Following the transaction, the vice president now owns 14,665 shares of the company’s stock, valued at approximately $648,926.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Steven Dan Stephens sold 7,500 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total transaction of $306,075.00. Following the completion of the sale, the executive vice president now owns 44,056 shares of the company’s stock, valued at $1,797,925.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP A Scott Anderson sold 4,093 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $44.25, for a total transaction of $181,115.25. Following the completion of the sale, the vice president now owns 14,665 shares in the company, valued at approximately $648,926.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,022 shares of company stock worth $744,893. Company insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Several hedge funds have recently bought and sold shares of ZION. American Century Companies Inc. lifted its position in shares of Zions Bancorporation, National Association by 50.3% in the first quarter. American Century Companies Inc. now owns 33,685 shares of the bank’s stock valued at $2,209,000 after acquiring an additional 11,267 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Zions Bancorporation, National Association by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,168 shares of the bank’s stock valued at $1,060,000 after purchasing an additional 341 shares in the last quarter. HighTower Advisors LLC boosted its stake in Zions Bancorporation, National Association by 2.7% during the 1st quarter. HighTower Advisors LLC now owns 17,117 shares of the bank’s stock worth $1,120,000 after purchasing an additional 448 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Zions Bancorporation, National Association during the first quarter worth $267,000. Finally, Acadian Asset Management LLC lifted its stake in shares of Zions Bancorporation, National Association by 453.6% in the first quarter. Acadian Asset Management LLC now owns 4,235 shares of the bank’s stock worth $277,000 after buying an additional 3,470 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

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.