Zions Bancorporation NA (NASDAQ:ZION) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.
Other analysts have also issued reports about the company. Raymond James raised their target price on Zions Bancorporation NA from $49.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their target price on Zions Bancorporation NA from $45.00 to $48.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. B. Riley restated a “buy” rating and issued a $57.00 target price on shares of Zions Bancorporation NA in a research note on Wednesday. Robert W. Baird lowered Zions Bancorporation NA from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $49.00 to $46.00 in a research note on Tuesday, December 3rd. Finally, Janney Montgomery Scott lowered Zions Bancorporation NA from a “buy” rating to a “neutral” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.06.
Shares of NASDAQ ZION opened at $46.63 on Thursday. The stock has a market cap of $7.95 billion, a PE ratio of 11.18, a PEG ratio of 1.31 and a beta of 1.58. The business has a fifty day moving average of $50.87 and a two-hundred day moving average of $46.50. Zions Bancorporation NA has a 52-week low of $39.11 and a 52-week high of $52.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.85.
Zions Bancorporation NA (NASDAQ:ZION) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.08 by ($0.11). The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $702.03 million. Zions Bancorporation NA had a net margin of 25.15% and a return on equity of 12.19%. During the same period in the previous year, the business posted $1.08 earnings per share. Analysts predict that Zions Bancorporation NA will post 4.41 earnings per share for the current year.
In related news, COO Scott J. Mclean sold 44,706 shares of Zions Bancorporation NA stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $51.07, for a total value of $2,283,135.42. Also, EVP Terry Alan Shirey sold 9,429 shares of Zions Bancorporation NA stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $48.47, for a total value of $457,023.63. Over the last 90 days, insiders sold 66,946 shares of company stock valued at $3,373,492. 1.70% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Strs Ohio increased its position in Zions Bancorporation NA by 24.8% in the fourth quarter. Strs Ohio now owns 34,070 shares of the bank’s stock worth $1,768,000 after purchasing an additional 6,773 shares during the period. Advisor Partners LLC increased its position in Zions Bancorporation NA by 5.8% in the fourth quarter. Advisor Partners LLC now owns 12,826 shares of the bank’s stock worth $646,000 after purchasing an additional 708 shares during the period. Convergence Investment Partners LLC increased its position in Zions Bancorporation NA by 193.1% in the fourth quarter. Convergence Investment Partners LLC now owns 15,213 shares of the bank’s stock worth $790,000 after purchasing an additional 10,023 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Zions Bancorporation NA in the fourth quarter worth about $1,908,000. Finally, OLD Second National Bank of Aurora increased its position in Zions Bancorporation NA by 2.8% in the fourth quarter. OLD Second National Bank of Aurora now owns 53,150 shares of the bank’s stock worth $2,759,000 after purchasing an additional 1,451 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.
Zions Bancorporation NA Company Profile
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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