Zions Bancorporation, National Association (NASDAQ:ZION) Given New $48.00 Price Target at Evercore ISI

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target upped by equities research analysts at Evercore ISI from $47.00 to $48.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the bank’s stock. Evercore ISI’s target price indicates a potential upside of 11.21% from the company’s current price.

Other analysts also recently issued research reports about the stock. Wedbush dropped their target price on shares of 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. Stephens lifted their target price on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 target price on shares of Zions Bancorporation, National Association in a report on Tuesday, January 23rd. Barclays boosted their price target on shares of Zions Bancorporation, National Association from $35.00 to $47.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Zions Bancorporation, National Association from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 14th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $41.16.

Zions Bancorporation, National Association Trading Up 0.0 %

Shares of ZION stock traded up $0.01 during trading on Thursday, hitting $43.16. 422,811 shares of the stock traded hands, compared to its average volume of 3,299,622. The firm has a market capitalization of $6.37 billion, a P/E ratio of 9.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s fifty day moving average price is $40.80 and its 200-day moving average price is $38.33. 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 released its quarterly 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). The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $754.81 million. Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. During the same period in the previous year, the firm posted $1.84 EPS. As a group, research analysts forecast that Zions Bancorporation, National Association will post 4.32 earnings per share for the current fiscal year.

Insider Activity at Zions Bancorporation, National Association

In related news, VP A Scott Anderson sold 832 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total value of $32,647.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP A Scott Anderson sold 832 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $39.24, for a total value of $32,647.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Dan Stephens sold 7,500 shares of the firm’s stock in a transaction dated 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 approximately $1,797,925.36. The disclosure for this sale can be found here. Insiders sold a total of 18,022 shares of company stock worth $744,893 over the last 90 days. Company insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. 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 purchased a new position in Zions Bancorporation, National Association in the fourth quarter valued at about $29,000. International Assets Investment Management LLC purchased a new position in Zions Bancorporation, National Association in the third quarter valued at about $27,000. Penserra Capital Management LLC purchased a new position in Zions Bancorporation, National Association in the second quarter valued at about $25,000. Finally, IFP Advisors Inc increased its stake in shares of Zions Bancorporation, National Association by 628.2% during the 2nd quarter. IFP Advisors Inc now owns 954 shares of the bank’s stock worth $26,000 after purchasing an additional 823 shares in the last quarter. 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.