Zions Bancorporation, N.A. (NASDAQ:ZION) Receives In-Line Rating from Evercore ISI

Zions Bancorporation, N.A. (NASDAQ:ZION)‘s stock had its “in-line” rating reiterated by equities research analysts at Evercore ISI in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $65.00 price objective on the bank’s stock. Evercore ISI’s price target indicates a potential upside of 7.27% from the stock’s previous close.

ZION has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on shares of Zions Bancorporation, N.A. from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th. Morgan Stanley upped their price target on shares of Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Zacks Research lowered Zions Bancorporation, N.A. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. TD Cowen initiated coverage on Zions Bancorporation, N.A. in a report on Thursday, September 25th. They issued a “hold” rating and a $64.00 price objective for the company. Finally, Baird R W raised Zions Bancorporation, N.A. from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.70.

Zions Bancorporation, N.A. Stock Performance

Zions Bancorporation, N.A. stock traded up $0.28 during trading hours on Tuesday, hitting $60.59. 228,866 shares of the stock traded hands, compared to its average volume of 999,243. The firm’s 50 day moving average price is $55.10 and its 200-day moving average price is $54.95. 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 stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 0.95 and a beta of 0.85. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $60.85.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its earnings results on Monday, June 12th. The bank reported $1.32 EPS for the quarter. Zions Bancorporation, N.A. had a return on equity of 13.56% and a net margin of 17.22%.The firm had revenue of $705.00 million during the quarter. As a group, equities analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Insider Activity

In other news, EVP Jennifer Anne Smith sold 2,458 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $53.11, for a total transaction of $130,544.38. Following the completion of the sale, the executive vice president owned 27,133 shares of the company’s stock, valued at $1,441,033.63. The trade was a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

Institutional investors have recently bought and sold shares of the company. Traub Capital Management LLC acquired a new position in shares of Zions Bancorporation, N.A. during the second quarter valued at approximately $31,000. Community Bank N.A. acquired a new position in Zions Bancorporation, N.A. in the 3rd quarter valued at $36,000. Salomon & Ludwin LLC purchased a new position in Zions Bancorporation, N.A. in the 3rd quarter valued at $37,000. Steph & Co. acquired a new stake in Zions Bancorporation, N.A. during the 3rd quarter worth $37,000. Finally, Assetmark Inc. boosted its stake in Zions Bancorporation, N.A. by 75.3% during the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank’s stock worth $35,000 after purchasing an additional 289 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

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.