Zions Bancorporation, National Association (NASDAQ:ZION) Stock Rating Upgraded by The Goldman Sachs Group

Zions Bancorporation, National Association (NASDAQ:ZION) was upgraded by stock analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm presently has a $71.00 target price on the bank’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 29.04% from the stock’s current price.

A number of other research firms also recently commented on ZION. Compass Point lifted their price objective on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price objective on shares of Zions Bancorporation, National Association from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Wolfe Research upgraded shares of Zions Bancorporation, National Association to a “hold” rating in a research note on Wednesday, September 18th. Keefe, Bruyette & Woods lifted their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Stephens increased their price target on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and an average target price of $57.75.

Zions Bancorporation, National Association Stock Performance

Shares of ZION stock opened at $55.02 on Tuesday. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 5.10 and a beta of 1.12. Zions Bancorporation, National Association has a one year low of $37.76 and a one year high of $63.22. The company’s 50-day simple moving average is $57.00 and its 200-day simple moving average is $50.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. During the same quarter last year, the business posted $1.13 EPS. Equities analysts anticipate that Zions Bancorporation, National Association will post 4.85 earnings per share for the current fiscal year.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total value of $234,422.10. Following the completion of the sale, the executive vice president now directly owns 24,714 shares in the company, valued at $1,321,210.44. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $61.06, for a total value of $580,436.36. Following the transaction, the executive vice president now owns 86,232 shares in the company, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock worth $1,108,184 in the last 90 days. Corporate insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Large investors have recently made changes to their positions in the business. State Street Corp lifted its stake in Zions Bancorporation, National Association by 14.6% during the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock valued at $332,515,000 after purchasing an additional 896,889 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Zions Bancorporation, National Association by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after buying an additional 929,251 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Zions Bancorporation, National Association by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock valued at $221,367,000 after acquiring an additional 140,084 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Zions Bancorporation, National Association by 25.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock worth $126,762,000 after acquiring an additional 538,049 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Zions Bancorporation, National Association by 1.2% in the 3rd 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 during the last quarter. Institutional investors own 76.84% of the company’s stock.

About Zions Bancorporation, National Association

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.