Zions Bancorporation, National Association (NASDAQ:ZION) Given New $70.00 Price Target at Keefe, Bruyette & Woods

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price upped by research analysts at Keefe, Bruyette & Woods from $65.00 to $70.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 18.58% from the company’s current price.

Several other brokerages have also recently issued reports on ZION. The Goldman Sachs Group upgraded shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, January 7th. UBS Group assumed coverage on shares of Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They set a “neutral” rating and a $64.00 price objective for the company. Stephens upped their price target on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Wedbush lifted their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their price target on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of “Hold” and a consensus target price of $59.25.

Zions Bancorporation, National Association Stock Up 1.7 %

Shares of NASDAQ ZION opened at $59.03 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $57.25 and a 200-day moving average of $51.88. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 3.11 and a beta of 1.12. Zions Bancorporation, National Association has a 12 month low of $37.76 and a 12 month high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $787,704.90 billion. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. Sell-side analysts expect that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Zions Bancorporation, National Association

In related news, EVP Paul E. Burdiss sold 9,506 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now directly owns 86,232 shares of the company’s stock, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.46, for a total transaction of $234,422.10. Following the sale, the executive vice president now owns 24,714 shares in the company, valued at approximately $1,321,210.44. The trade was a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,881 shares of company stock valued at $1,108,184 over the last 90 days. 2.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Zions Bancorporation, National Association

A number of institutional investors and hedge funds have recently bought and sold shares of ZION. State Street Corp increased its position in Zions Bancorporation, National Association by 14.6% in the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock worth $332,515,000 after purchasing an additional 896,889 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Zions Bancorporation, National Association by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock worth $221,367,000 after buying an additional 140,084 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Zions Bancorporation, National Association by 25.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock valued at $126,762,000 after acquiring an additional 538,049 shares during the last quarter. Geode Capital Management LLC grew its position in Zions Bancorporation, National Association by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank’s stock worth $124,592,000 after acquiring an additional 30,030 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Zions Bancorporation, National Association by 75.0% during the second quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock worth $43,294,000 after acquiring an additional 433,513 shares during the last quarter. 76.84% of the stock is currently owned by 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.