Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Zions Bancorporation, N.A. (NASDAQ:ZION) had its price target hoisted by equities research analysts at Robert W. Baird from $60.00 to $65.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Robert W. Baird’s target price suggests a potential upside of 14.96% from the company’s current price.

Several other equities analysts have also commented on the stock. Keefe, Bruyette & Woods reduced their target price 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. JPMorgan Chase & Co. lifted their price objective on Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley upped their price objective on shares of Zions Bancorporation, N.A. from $60.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday. Royal Bank Of Canada increased 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 report on Tuesday. Finally, Jefferies Financial Group raised shares of Zions Bancorporation, N.A. from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $45.00 to $60.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.78.

Zions Bancorporation, N.A. Price Performance

ZION opened at $56.54 on Tuesday. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22. The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 1.69 and a beta of 0.90. The firm’s fifty day moving average price is $50.83 and its two-hundred day moving average price is $50.81. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.83.

Zions Bancorporation, N.A. (NASDAQ:ZION) last issued its earnings results on Monday, July 21st. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.27. The business had revenue of $838.00 million for the quarter, compared to analysts’ expectations 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 EPS. As a group, analysts anticipate that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Institutional Trading of Zions Bancorporation, N.A.

A number of institutional investors have recently bought and sold shares of the stock. Lynx Investment Advisory grew its holdings in shares of Zions Bancorporation, N.A. by 3.5% in the second quarter. Lynx Investment Advisory now owns 6,371 shares of the bank’s stock worth $331,000 after purchasing an additional 213 shares during the last quarter. Blackhawk Capital Partners LLC. lifted its stake in Zions Bancorporation, N.A. by 5.3% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 4,885 shares of the bank’s stock valued at $244,000 after acquiring an additional 245 shares during the period. Leo Wealth LLC boosted its holdings in Zions Bancorporation, N.A. by 1.7% in the first quarter. Leo Wealth LLC now owns 14,917 shares of the bank’s stock valued at $744,000 after purchasing an additional 253 shares during the last quarter. Wedmont Private Capital boosted its holdings in 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 grew its position in Zions Bancorporation, N.A. by 1.5% during the 1st quarter. MAI Capital Management now owns 19,591 shares of the bank’s stock worth $977,000 after purchasing an additional 293 shares during the period. 76.84% of the stock is currently owned by institutional investors.

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.