Zions Bancorporation, National Association (NASDAQ:ZION) released its earnings results on Monday. The bank reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.64, MarketWatch Earnings reports. Zions Bancorporation, National Association had a net margin of 14.58% and a return on equity of 6.79%. During the same period in the prior year, the company posted $0.97 EPS.
ZION traded down $1.17 on Wednesday, reaching $48.16. 39,023 shares of the company traded hands, compared to its average volume of 1,665,389. The stock’s 50 day moving average price is $44.49 and its 200-day moving average price is $35.93. Zions Bancorporation, National Association has a 52-week low of $23.58 and a 52-week high of $51.22. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.91 and a beta of 1.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.85.
In other Zions Bancorporation, National Association news, VP Randy R. Stewart sold 2,148 shares of the business’s stock in a transaction that occurred on Tuesday, November 17th. The shares were sold at an average price of $39.48, for a total value of $84,803.04. Following the completion of the sale, the vice president now directly owns 9,007 shares of the company’s stock, valued at $355,596.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Dan Stephens sold 6,491 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $33.24, for a total transaction of $215,760.84. Following the completion of the sale, the executive vice president now directly owns 61,957 shares of the company’s stock, valued at $2,059,450.68. The disclosure for this sale can be found here. Insiders have sold 19,501 shares of company stock worth $659,444 over the last ninety days. 1.81% of the stock is currently owned by insiders.
ZION has been the topic of a number of research reports. DA Davidson upgraded shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating in a report on Tuesday, December 22nd. B. Riley restated a “buy” rating and set a $57.00 price target (up previously from $55.00) on shares of Zions Bancorporation, National Association in a report on Wednesday. Morgan Stanley boosted their price target on shares of Zions Bancorporation, National Association from $47.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, January 7th. Evercore ISI upgraded shares of Zions Bancorporation, National Association from an “in-line” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Monday, December 7th. Finally, Raymond James boosted their price target on shares of Zions Bancorporation, National Association from $45.00 to $61.00 and gave the company a “strong-buy” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $74.06.
Zions Bancorporation, National Association 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.
See Also: Return On Assets
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