Stephens Issues Positive Forecast for Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price

Zions Bancorporation, N.A. (NASDAQ:ZION) had its price objective increased by equities research analysts at Stephens from $63.00 to $65.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Stephens’ price objective points to a potential upside of 5.72% from the stock’s current price.

Several other equities research analysts also recently issued reports on ZION. Jefferies Financial Group upgraded Zions Bancorporation, N.A. from a “hold” rating to a “buy” rating and upped their price target for the stock from $55.00 to $60.00 in a report on Wednesday, November 19th. Zacks Research downgraded shares of Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. UBS Group lowered their target price on shares of Zions Bancorporation, N.A. from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Evercore ISI lowered Zions Bancorporation, N.A. from an “outperform” rating to a “hold” rating and set a $65.00 target price for the company. in a report on Tuesday, January 6th. Finally, Weiss Ratings lowered shares of Zions Bancorporation, N.A. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Zions Bancorporation, N.A. has a consensus rating of “Hold” and an average price target of $61.84.

Zions Bancorporation, N.A. Stock Up 4.0%

Shares of NASDAQ ZION opened at $61.48 on Wednesday. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $61.57. The stock has a market capitalization of $9.08 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.29 and a beta of 0.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.81. The company has a 50-day moving average price of $56.80 and a 200-day moving average price of $55.55.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its quarterly earnings data on Monday, October 20th. The bank reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.29. The firm had revenue of $872.00 million during the quarter, compared to analyst estimates of $842.68 million. Zions Bancorporation, N.A. had a return on equity of 13.56% and a net margin of 17.22%.During the same period in the previous year, the company posted $1.37 EPS. On average, equities research analysts forecast that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Zions Bancorporation, N.A.

In related news, EVP Jennifer Anne Smith sold 2,458 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $53.11, for a total transaction of $130,544.38. Following the sale, the executive vice president directly owned 27,133 shares in the company, valued at approximately $1,441,033.63. The trade was a 8.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ZION. Signaturefd LLC boosted its position in shares of Zions Bancorporation, N.A. by 17.1% in the fourth quarter. Signaturefd LLC now owns 1,192 shares of the bank’s stock valued at $70,000 after acquiring an additional 174 shares during the period. DAVENPORT & Co LLC lifted its stake in Zions Bancorporation, N.A. by 2.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank’s stock worth $424,000 after purchasing an additional 200 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Zions Bancorporation, N.A. by 7.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank’s stock valued at $152,000 after purchasing an additional 206 shares during the period. Lynx Investment Advisory grew its position in shares of Zions Bancorporation, N.A. by 3.5% during the 2nd quarter. Lynx Investment Advisory now owns 6,371 shares of the bank’s stock valued at $331,000 after purchasing an additional 213 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Zions Bancorporation, N.A. by 2.2% in the third quarter. GAMMA Investing LLC now owns 10,567 shares of the bank’s stock worth $598,000 after buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

About Zions Bancorporation, N.A.

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.