Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Zions Bancorporation, N.A. (NASDAQ:ZION) had its target price boosted by research analysts at Morgan Stanley from $60.00 to $66.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Morgan Stanley’s price target points to a potential upside of 16.73% from the stock’s current price.

A number of other research firms have also recently commented on ZION. Wells Fargo & Company lifted their price target on Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an “equal weight” rating in a report on Tuesday. Stephens lowered their price target on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen upgraded Zions Bancorporation, N.A. from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Robert W. Baird reduced their price target on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada raised their price target on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the company a “sector perform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.78.

Zions Bancorporation, N.A. Trading Down 0.5%

ZION opened at $56.54 on Tuesday. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $63.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.80. The firm has a market cap of $8.34 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.90. The firm’s fifty day moving average is $50.83 and its two-hundred day moving average is $50.81.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its quarterly earnings data on Monday, July 21st. The bank reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.27. The business had revenue of $838.00 million for the quarter, compared to analyst estimates of $810.24 million. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. During the same quarter in the previous year, the firm posted $1.28 earnings per share. Equities research analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ZION. Lynx Investment Advisory increased its position in Zions Bancorporation, N.A. by 3.5% in the 2nd quarter. Lynx Investment Advisory now owns 6,371 shares of the bank’s stock valued at $331,000 after buying an additional 213 shares in the last quarter. Blackhawk Capital Partners LLC. raised its holdings in shares of Zions Bancorporation, N.A. by 5.3% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 4,885 shares of the bank’s stock worth $244,000 after acquiring an additional 245 shares during the last quarter. Leo Wealth LLC boosted its position in shares of Zions Bancorporation, N.A. by 1.7% during the first quarter. Leo Wealth LLC now owns 14,917 shares of the bank’s stock valued at $744,000 after buying an additional 253 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of Zions Bancorporation, N.A. by 2.6% in the second quarter. Wedmont Private Capital now owns 10,136 shares of the bank’s stock valued at $564,000 after purchasing an additional 256 shares during the last quarter. Finally, MAI Capital Management boosted its stake in shares of Zions Bancorporation, N.A. by 1.5% in the 1st quarter. MAI Capital Management now owns 19,591 shares of the bank’s stock worth $977,000 after buying an additional 293 shares during 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.