Zions Bancorporation, National Association (NASDAQ:ZION) PT Lowered to $48.00 at Robert W. Baird

Zions Bancorporation, National Association (NASDAQ:ZIONFree Report) had its price objective cut by Robert W. Baird from $50.00 to $48.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the bank’s stock.

A number of other analysts have also recently weighed in on ZION. Morgan Stanley cut shares of Zions Bancorporation, National Association from an equal weight rating to an underweight rating and boosted their price objective for the stock from $27.00 to $32.00 in a research note on Wednesday, September 27th. StockNews.com assumed coverage on shares of Zions Bancorporation, National Association in a research note on Thursday, October 5th. They set a sell rating for the company. Citigroup reissued a neutral rating and issued a $37.00 target price on shares of Zions Bancorporation, National Association in a research note on Tuesday, November 21st. Piper Sandler cut their price target on Zions Bancorporation, National Association from $34.00 to $29.00 and set a neutral rating for the company in a report on Monday, October 23rd. Finally, The Goldman Sachs Group raised their price target on Zions Bancorporation, National Association from $37.00 to $42.00 and gave the company a neutral rating in a report on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of Hold and an average price target of $40.37.

Check Out Our Latest Report on Zions Bancorporation, National Association

Zions Bancorporation, National Association Stock Down 0.6 %

ZION traded down $0.27 on Tuesday, reaching $44.02. 1,503,207 shares of the company traded hands, compared to its average volume of 2,544,863. The stock’s 50 day moving average price is $40.82 and its 200-day moving average price is $36.73. Zions Bancorporation, National Association has a 52-week low of $18.26 and a 52-week high of $55.19. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 10.12 and a beta of 1.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The company 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 earnings per share. On average, sell-side analysts expect that Zions Bancorporation, National Association will post 4.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Zions Bancorporation, National Association during the third quarter valued at $27,000. IFP Advisors Inc increased its holdings in shares of Zions Bancorporation, National Association by 628.2% during the second quarter. IFP Advisors Inc now owns 954 shares of the bank’s stock valued at $53,000 after acquiring an additional 823 shares in the last quarter. Penserra Capital Management LLC bought a new stake in Zions Bancorporation, National Association in the 2nd quarter worth about $25,000. Sentry Investment Management LLC bought a new stake in Zions Bancorporation, National Association in the 2nd quarter worth about $29,000. Finally, Albion Financial Group UT boosted its position in Zions Bancorporation, National Association by 130.2% in the second quarter. Albion Financial Group UT now owns 1,105 shares of the bank’s stock worth $30,000 after purchasing an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

About Zions Bancorporation, National Association

(Get Free Report)

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services.

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