Zions Bancorporation, N.A. (NASDAQ:ZION) Upgraded at Wall Street Zen

Zions Bancorporation, N.A. (NASDAQ:ZION) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

A number of other analysts have also weighed in on the stock. Truist Financial upped their target price on shares of Zions Bancorporation, N.A. from $52.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods reduced their price objective on shares of Zions Bancorporation, N.A. from $65.00 to $58.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company decreased their price objective on shares of Zions Bancorporation, N.A. from $58.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Citigroup increased their target price on Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Finally, Royal Bank Of Canada cut their price target on Zions Bancorporation, N.A. from $63.00 to $53.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Zions Bancorporation, N.A. presently has a consensus rating of “Hold” and a consensus target price of $57.50.

Zions Bancorporation, N.A. Price Performance

ZION stock opened at $56.20 on Friday. The business’s fifty day moving average price is $49.56 and its 200 day moving average price is $50.73. Zions Bancorporation, N.A. has a 12-month low of $39.32 and a 12-month high of $63.22. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8.29 billion, a PE ratio of 10.98, a P/E/G ratio of 1.82 and a beta of 0.90.

Zions Bancorporation, N.A. (NASDAQ:ZION) last released its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Zions Bancorporation, N.A. had a return on equity of 13.53% and a net margin of 16.08%. The firm had revenue of $795.00 million during the quarter, compared to analyst estimates of $792.49 million. During the same period last year, the business posted $0.96 earnings per share. On average, sell-side analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Institutional Investors Weigh In On Zions Bancorporation, N.A.

Several hedge funds have recently made changes to their positions in the business. Picton Mahoney Asset Management purchased a new stake in Zions Bancorporation, N.A. during the 1st quarter valued at approximately $25,000. Curat Global LLC acquired a new stake in shares of Zions Bancorporation, N.A. during the first quarter worth $25,000. EverSource Wealth Advisors LLC raised its position in Zions Bancorporation, N.A. by 51.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock worth $29,000 after buying an additional 183 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Zions Bancorporation, N.A. in the 1st quarter worth $40,000. Finally, Covestor Ltd boosted its holdings in shares of Zions Bancorporation, N.A. by 128.1% in the fourth quarter. Covestor Ltd now owns 853 shares of the bank’s stock valued at $46,000 after acquiring an additional 479 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Zions Bancorporation, N.A. 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.