Zions Bancorporation, National Association (NASDAQ:ZION) Rating Increased to Hold at StockNews.com

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

ZION has been the subject of a number of other reports. Royal Bank of Canada boosted their price objective on shares of Zions Bancorporation, National Association from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Zions Bancorporation, National Association in a report on Wednesday, April 10th. They issued a “hold” rating and a $47.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an “underweight” rating in a report on Wednesday, February 7th. Jefferies Financial Group cut their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Finally, Stephens lifted their target price on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and a consensus price target of $43.16.

Get Our Latest Stock Analysis on Zions Bancorporation, National Association

Zions Bancorporation, National Association Stock Up 1.4 %

Shares of ZION stock traded up $0.61 during trading hours on Tuesday, hitting $44.55. 1,345,818 shares of the company’s stock traded hands, compared to its average volume of 2,795,408. The stock’s fifty day simple moving average is $41.81 and its two-hundred day simple moving average is $40.32. Zions Bancorporation, National Association has a 12-month low of $22.49 and a 12-month high of $46.15. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 11.19 and a beta of 1.13. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last released its earnings results on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a net margin of 13.23% and a return on equity of 14.05%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $747.21 million. During the same quarter in the previous year, the business posted $1.33 earnings per share. On average, analysts expect that Zions Bancorporation, National Association will post 4.38 EPS for the current year.

Insider Buying and Selling

In other news, CEO Harris H. Simmons bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the chief executive officer now owns 1,312,987 shares of the company’s stock, valued at approximately $50,602,518.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Harris H. Simmons purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the chief executive officer now directly owns 1,312,987 shares in the company, valued at $50,602,518.98. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alan M. Forney sold 1,500 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.68, for a total transaction of $65,520.00. Following the completion of the sale, the chief executive officer now owns 22,181 shares in the company, valued at approximately $968,866.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,888 shares of company stock valued at $827,655. Company insiders own 2.22% of the company’s stock.

Institutional Trading of Zions Bancorporation, National Association

Hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG lifted its stake in Zions Bancorporation, National Association by 22.1% in the 3rd quarter. Deutsche Bank AG now owns 389,686 shares of the bank’s stock worth $13,596,000 after purchasing an additional 70,461 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Zions Bancorporation, National Association by 55.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock valued at $2,644,000 after buying an additional 21,551 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Zions Bancorporation, National Association by 119.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank’s stock valued at $101,396,000 after buying an additional 1,259,571 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Zions Bancorporation, National Association during the 4th quarter valued at about $1,268,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Zions Bancorporation, National Association by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,746,184 shares of the bank’s stock valued at $164,345,000 after buying an additional 27,934 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

About Zions Bancorporation, National Association

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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.

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Analyst Recommendations for Zions Bancorporation, National Association (NASDAQ:ZION)

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