The Goldman Sachs Group Raises Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $54.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target increased by The Goldman Sachs Group from $47.00 to $54.00 in a report published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the bank’s stock.

A number of other research firms have also commented on ZION. Robert W. Baird raised their price objective on shares of Zions Bancorporation, National Association from $50.00 to $52.00 and gave the company a neutral rating in a research report on Tuesday. Keefe, Bruyette & Woods raised their target price on shares of Zions Bancorporation, National Association from $44.00 to $52.00 and gave the company a market perform rating in a research note on Tuesday. Royal Bank of Canada upped their target price on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a sector perform rating in a research report on Tuesday. Truist Financial reiterated a hold rating and set a $46.00 price objective on shares of Zions Bancorporation, National Association in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a neutral rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of Hold and an average target price of $48.06.

Zions Bancorporation, National Association Stock Up 1.6 %

ZION stock opened at $51.80 on Tuesday. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32. The stock has a fifty day moving average of $44.04 and a 200-day moving average of $42.41. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 5.36 and a beta of 1.11. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 14.13%. Zions Bancorporation, National Association’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 EPS. As a group, equities research analysts predict that Zions Bancorporation, National Association will post 4.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Alan M. Forney sold 1,500 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the transaction, the chief executive officer now directly owns 22,181 shares of the company’s stock, valued at $968,866.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Alan M. Forney sold 1,500 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.68, for a total value of $65,520.00. Following the completion of the transaction, the chief executive officer now directly owns 22,181 shares in the company, valued at approximately $968,866.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rebecca K. Robinson sold 5,291 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the completion of the sale, the executive vice president now owns 22,238 shares in the company, valued at approximately $970,911.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,296 shares of company stock worth $319,192. 2.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently modified their holdings of the stock. Fidelis Capital Partners LLC bought a new position in shares of Zions Bancorporation, National Association in the first quarter worth approximately $27,000. Federated Hermes Inc. lifted its stake in Zions Bancorporation, National Association by 105.4% during the 4th quarter. Federated Hermes Inc. now owns 645 shares of the bank’s stock valued at $28,000 after acquiring an additional 331 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Zions Bancorporation, National Association during the fourth quarter valued at approximately $29,000. ORG Partners LLC purchased a new stake in Zions Bancorporation, National Association in the second quarter worth approximately $33,000. Finally, Quarry LP bought a new position in shares of Zions Bancorporation, National Association during the 4th quarter valued at $49,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

About Zions Bancorporation, National Association

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.