Zions Bancorporation, National Association (NASDAQ:ZION) Given New $54.00 Price Target at Wells Fargo & Company

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective raised by equities researchers at Wells Fargo & Company from $50.00 to $54.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 3.83% from the company’s current price.

ZION has been the topic of a number of other research reports. Truist Financial cut their price objective on shares of Zions Bancorporation, National Association from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. The Goldman Sachs Group raised their price target on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday. Evercore ISI dropped their price target on shares of Zions Bancorporation, National Association from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Zions Bancorporation, National Association from an “underweight” rating to an “equal weight” rating and set a $54.00 price target on the stock in a research report on Monday, September 30th. Finally, StockNews.com upgraded shares of Zions Bancorporation, National Association from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.72.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZION traded up $2.57 during midday trading on Tuesday, reaching $52.01. The company’s stock had a trading volume of 1,296,352 shares, compared to its average volume of 2,110,993. The firm has a market capitalization of $7.68 billion, a PE ratio of 13.07, a P/E/G ratio of 1.91 and a beta of 1.09. Zions Bancorporation, National Association has a twelve month low of $28.90 and a twelve month high of $53.32. The stock has a fifty day moving average of $47.51 and a 200 day moving average of $45.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. During the same quarter in the prior year, the business earned $1.13 earnings per share. On average, equities analysts expect that Zions Bancorporation, National Association will post 4.53 EPS for the current fiscal year.

Insider Transactions at Zions Bancorporation, National Association

In other news, VP Bruce K. Alexander sold 5,156 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the transaction, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at $1,275,859.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bruce K. Alexander sold 5,156 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.83, for a total transaction of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares in the company, valued at $925,528.31. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,073 shares of company stock valued at $3,476,298. Corporate insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently bought and sold shares of the company. Leo Wealth LLC purchased a new position in Zions Bancorporation, National Association during the third quarter worth about $687,000. Sequoia Financial Advisors LLC raised its stake in Zions Bancorporation, National Association by 1.9% during the third quarter. Sequoia Financial Advisors LLC now owns 27,569 shares of the bank’s stock worth $1,302,000 after purchasing an additional 506 shares during the period. WJ Interests LLC purchased a new position in Zions Bancorporation, National Association during the third quarter worth about $210,000. Vest Financial LLC raised its stake in Zions Bancorporation, National Association by 16.4% during the third quarter. Vest Financial LLC now owns 31,333 shares of the bank’s stock worth $1,480,000 after purchasing an additional 4,411 shares during the period. Finally, OLD National Bancorp IN purchased a new position in Zions Bancorporation, National Association during the third quarter worth about $204,000. 76.84% of the stock is owned by hedge funds and other 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.