Zions Bancorporation, National Association (NASDAQ:ZION) PT Raised to $52.00 at JPMorgan Chase & Co.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from $49.50 to $52.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 22.30% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Wedbush reduced their price target on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price target on shares of Zions Bancorporation, National Association in a research report on Tuesday, January 23rd. Evercore ISI upped their price target on shares of Zions Bancorporation, National Association from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Morgan Stanley increased their target price on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 7th. Finally, Stephens increased 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. Three equities research 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.84.

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Zions Bancorporation, National Association Trading Up 0.2 %

Zions Bancorporation, National Association stock opened at $42.52 on Thursday. The stock has a market capitalization of $6.28 billion, a PE ratio of 9.77 and a beta of 1.13. Zions Bancorporation, National Association has a 12-month low of $18.26 and a 12-month high of $46.15. 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 has a 50 day simple moving average of $40.85 and a 200-day simple moving average of $38.56.

Zions Bancorporation, National Association (NASDAQ:ZIONGet Free Report) last issued its earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $754.81 million. Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. During the same quarter in the previous year, the business posted $1.84 earnings per share. As a group, equities research analysts expect that Zions Bancorporation, National Association will post 4.31 EPS for the current fiscal year.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the sale, the vice president now directly owns 14,665 shares in the company, valued at approximately $648,926.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zions Bancorporation, National Association news, VP A Scott Anderson sold 4,093 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the transaction, the vice president now directly owns 14,665 shares of the company’s stock, valued at $648,926.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Harris H. Simmons bought 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the chief executive officer now owns 1,312,987 shares of the company’s stock, valued at approximately $50,602,518.98. The disclosure for this purchase can be found here. In the last three months, insiders have sold 18,022 shares of company stock worth $744,893. 2.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Zions Bancorporation, National Association by 0.3% in the second quarter. BlackRock Inc. now owns 10,446,271 shares of the bank’s stock worth $280,587,000 after purchasing an additional 32,883 shares in the last quarter. State Street Corp grew its stake in shares of Zions Bancorporation, National Association by 14.9% in the first quarter. State Street Corp now owns 8,262,892 shares of the bank’s stock valued at $247,308,000 after acquiring an additional 1,069,816 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Zions Bancorporation, National Association by 22.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank’s stock worth $220,077,000 after buying an additional 927,899 shares in the last quarter. Morgan Stanley grew its stake in Zions Bancorporation, National Association by 19.8% during the third quarter. Morgan Stanley now owns 4,513,266 shares of the bank’s stock worth $157,468,000 after buying an additional 745,919 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Zions Bancorporation, National Association by 1.4% during the third quarter. Invesco Ltd. now owns 3,973,319 shares of the bank’s stock worth $138,629,000 after buying an additional 53,859 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, National Association Company Profile

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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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