Shares of Zions Bancorporation NA (NASDAQ:ZION) have been assigned an average rating of “Hold” from the twenty-three analysts that are currently covering the firm, Marketbeat reports. Sixteen research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $41.32.
A number of equities research analysts recently weighed in on the stock. Compass Point assumed coverage on shares of Zions Bancorporation NA in a report on Tuesday, April 14th. They set a “neutral” rating for the company. DA Davidson upgraded shares of Zions Bancorporation NA from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $32.00 to $36.00 in a report on Wednesday, May 20th. ValuEngine upgraded shares of Zions Bancorporation NA from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Morgan Stanley boosted their price target on shares of Zions Bancorporation NA from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, June 8th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $30.00 price target on shares of Zions Bancorporation NA in a report on Wednesday, April 22nd.
ZION traded up $0.38 on Friday, reaching $33.43. 15,336 shares of the company traded hands, compared to its average volume of 2,711,945. Zions Bancorporation NA has a one year low of $23.58 and a one year high of $52.48. The firm has a fifty day simple moving average of $33.30 and a two-hundred day simple moving average of $38.30. The company has a market cap of $5.29 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 3.90 and a beta of 1.67. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.26.
Zions Bancorporation NA (NASDAQ:ZION) last announced its quarterly earnings data on Monday, April 20th. The bank reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.44). Zions Bancorporation NA had a net margin of 19.32% and a return on equity of 9.36%. The company had revenue of $689.00 million for the quarter, compared to the consensus estimate of $679.00 million. During the same quarter in the previous year, the business earned $1.04 EPS. On average, equities analysts forecast that Zions Bancorporation NA will post 1.9 earnings per share for the current year.
In other news, Chairman Harris H. Simmons acquired 40,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $26.43 per share, with a total value of $1,057,200.00. Following the transaction, the chairman now directly owns 1,222,254 shares in the company, valued at $32,304,173.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas E. Laursen sold 5,229 shares of Zions Bancorporation NA stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $31.03, for a total transaction of $162,255.87. Following the completion of the transaction, the vice president now directly owns 22,975 shares in the company, valued at approximately $712,914.25. The disclosure for this sale can be found here. 1.81% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC grew its position in Zions Bancorporation NA by 369.3% during the 1st quarter. Signaturefd LLC now owns 1,572 shares of the bank’s stock worth $42,000 after purchasing an additional 1,237 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Zions Bancorporation NA during the 4th quarter valued at about $70,000. NuWave Investment Management LLC increased its holdings in shares of Zions Bancorporation NA by 3,126.5% during the 1st quarter. NuWave Investment Management LLC now owns 4,388 shares of the bank’s stock valued at $117,000 after acquiring an additional 4,252 shares during the last quarter. CWM LLC increased its holdings in shares of Zions Bancorporation NA by 142.9% during the 1st quarter. CWM LLC now owns 4,554 shares of the bank’s stock valued at $122,000 after acquiring an additional 2,679 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Zions Bancorporation NA by 269.2% during the 1st quarter. Parallel Advisors LLC now owns 4,755 shares of the bank’s stock valued at $127,000 after acquiring an additional 3,467 shares during the last quarter. 95.00% of the stock is currently owned by institutional investors.
About Zions Bancorporation NA
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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