Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $61.00

Zions Bancorporation, National Association (NASDAQ:ZION) had its price objective hoisted by stock analysts at Evercore ISI from $56.00 to $61.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the bank’s stock. Evercore ISI’s target price would suggest a potential upside of 14.66% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. Jefferies Financial Group lowered their price objective on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. Wolfe Research upgraded Zions Bancorporation, National Association to a “hold” rating in a report on Wednesday, September 18th. Morgan Stanley boosted their price target on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Robert W. Baird increased their price objective on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Wedbush lifted their target price on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.12.

Zions Bancorporation, National Association Trading Up 2.1 %

Zions Bancorporation, National Association stock traded up $1.07 during mid-day trading on Wednesday, hitting $53.20. The stock had a trading volume of 230,671 shares, compared to its average volume of 2,095,303. The stock has a market capitalization of $7.86 billion, a PE ratio of 12.10, a P/E/G ratio of 1.82 and a beta of 1.09. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.09. Zions Bancorporation, National Association has a 12 month low of $29.78 and a 12 month high of $53.85. The stock has a 50-day simple moving average of $48.29 and a two-hundred day simple moving average of $45.69.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) 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 analysts’ expectations of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same quarter last year, the business earned $1.13 earnings per share. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 4.75 EPS for the current year.

Institutional Investors Weigh In On Zions Bancorporation, National Association

Institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC raised its stake in Zions Bancorporation, National Association by 10.1% in the third quarter. Chicago Partners Investment Group LLC now owns 4,909 shares of the bank’s stock valued at $255,000 after purchasing an additional 450 shares in the last quarter. US Bancorp DE increased its holdings in Zions Bancorporation, National Association by 4.1% in the 3rd quarter. US Bancorp DE now owns 16,350 shares of the bank’s stock valued at $772,000 after buying an additional 649 shares during the period. State of Alaska Department of Revenue raised its position in shares of Zions Bancorporation, National Association by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 17,158 shares of the bank’s stock valued at $810,000 after buying an additional 1,160 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zions Bancorporation, National Association by 0.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank’s stock worth $1,947,000 after acquiring an additional 348 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Zions Bancorporation, National Association by 11.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,035 shares of the bank’s stock worth $4,183,000 after acquiring an additional 9,393 shares in the last quarter. 76.84% of the stock is currently owned by 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.