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

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price dropped by stock analysts at UBS Group from $47.00 to $45.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. UBS Group’s target price suggests a potential upside of 6.71% from the stock’s current price.

Other research analysts have also issued reports about the company. Morgan Stanley upped their target price on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, February 7th. TheStreet raised Zions Bancorporation, National Association from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Robert W. Baird reduced their target price on Zions Bancorporation, National Association from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Wedbush dropped their price objective on Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada boosted their price target on Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, fifteen have assigned 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 an average rating of “Hold” and a consensus price target of $43.16.

Zions Bancorporation, National Association Stock Up 1.0 %

Shares of NASDAQ:ZION opened at $42.17 on Tuesday. The firm’s 50 day moving average price is $40.86 and its 200 day moving average price is $39.29. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 10.60 and a beta of 1.13. Zions Bancorporation, National Association has a fifty-two week low of $18.26 and a fifty-two week high of $46.15. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its quarterly earnings data on Monday, April 22nd. The bank reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. During the same period in the previous year, the company posted $1.33 earnings per share. As a group, equities research analysts predict that Zions Bancorporation, National Association will post 4.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of Zions Bancorporation, National Association stock in a transaction dated 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 transaction, the vice president now owns 14,665 shares in the company, valued at approximately $648,926.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP A Scott Anderson sold 4,093 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the transaction, the vice president now directly owns 14,665 shares in the company, valued at $648,926.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $40.81, for a total value of $306,075.00. Following the completion of the sale, the executive vice president now directly owns 44,056 shares in the company, valued at approximately $1,797,925.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,022 shares of company stock valued at $744,893. 2.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings in Zions Bancorporation, National Association by 105.4% in the fourth quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after buying an additional 331 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Zions Bancorporation, National Association during the 4th quarter valued at approximately $29,000. Quarry LP acquired a new stake in shares of Zions Bancorporation, National Association during the 4th quarter valued at approximately $49,000. Ronald Blue Trust Inc. lifted its position in shares of Zions Bancorporation, National Association by 274.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,098 shares of the bank’s stock valued at $73,000 after acquiring an additional 1,538 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Zions Bancorporation, National Association by 4,613.3% during the 4th quarter. Versant Capital Management Inc now owns 2,121 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,076 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

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.