Zions Bancorporation, N.A. (NASDAQ:ZION) Raised to “Outperform” at Robert W. Baird

Zions Bancorporation, N.A. (NASDAQ:ZION) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, MarketBeat reports. The firm currently has a $65.00 target price on the bank’s stock. Robert W. Baird’s price target would suggest a potential upside of 30.86% from the stock’s previous close.

ZION has been the topic of several other reports. Royal Bank Of Canada boosted their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. TD Cowen started coverage on shares of Zions Bancorporation, N.A. in a report on Thursday, September 25th. They set a “hold” rating and a $64.00 price target for the company. Evercore ISI increased their price objective on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Finally, Truist Financial upped their price target on shares of Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.33.

Zions Bancorporation, N.A. Trading Up 5.8%

Shares of NASDAQ ZION opened at $49.67 on Friday. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 1.05 and a beta of 0.93. Zions Bancorporation, N.A. has a twelve month low of $39.32 and a twelve month high of $63.22. The company’s fifty day moving average is $55.87 and its 200-day moving average is $51.51. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15.

Zions Bancorporation, N.A. (NASDAQ:ZION) last posted its quarterly earnings data on Monday, June 12th. The bank reported $1.32 EPS for the quarter. The business had revenue of $705.00 million for the quarter. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. Equities research analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Zions Bancorporation, N.A. by 3.1% during the second quarter. Vanguard Group Inc. now owns 19,308,327 shares of the bank’s stock valued at $1,002,875,000 after purchasing an additional 582,392 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Zions Bancorporation, N.A. by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank’s stock valued at $351,027,000 after purchasing an additional 233,252 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Zions Bancorporation, N.A. by 4.5% in the 2nd quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock worth $205,689,000 after acquiring an additional 169,085 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Zions Bancorporation, N.A. by 326.4% in the 1st quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank’s stock worth $139,927,000 after acquiring an additional 2,194,514 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Zions Bancorporation, N.A. by 9.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,834,949 shares of the bank’s stock valued at $147,247,000 after buying an additional 240,329 shares during the last quarter. 76.84% of the stock is 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.