Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Rating Upgraded by Baird R W

Zions Bancorporation, N.A. (NASDAQ:ZION) was upgraded by equities researchers at Baird R W from a “hold” rating to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. 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 target price for the company. Wells Fargo & Company upped their target price on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the company an “equal weight” rating in a report on Tuesday, July 22nd. Royal Bank Of Canada upped their target price 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, July 22nd. Robert W. Baird raised shares of Zions Bancorporation, N.A. from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research note on Friday. Finally, Morgan Stanley increased their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Zions Bancorporation, N.A. has a consensus rating of “Hold” and a consensus target price of $61.33.

Zions Bancorporation, N.A. Stock Up 5.8%

Shares of ZION stock opened at $49.67 on Friday. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22. The stock has a market cap of $7.33 billion, a P/E ratio of 9.08, a P/E/G ratio of 1.05 and a beta of 0.93. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $55.87 and a two-hundred day simple moving average of $51.51.

Zions Bancorporation, N.A. (NASDAQ:ZION) last announced its earnings results on Monday, June 12th. The bank reported $1.32 EPS for the quarter. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. The business had revenue of $705.00 million during the quarter. On average, research analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ZION. Vanguard Group Inc. increased its position in Zions Bancorporation, N.A. by 3.1% during the 2nd 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 during the period. Dimensional Fund Advisors LP boosted its stake in Zions Bancorporation, N.A. by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,040,473 shares of the bank’s stock worth $351,027,000 after purchasing an additional 233,252 shares in the last quarter. LSV Asset Management lifted its stake in Zions Bancorporation, N.A. by 4.5% during the 2nd quarter. LSV Asset Management now owns 3,960,132 shares of the bank’s stock valued at $205,689,000 after acquiring an additional 169,085 shares during the period. AQR Capital Management LLC lifted its stake in Zions Bancorporation, N.A. by 326.4% during the 1st quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank’s stock valued at $139,927,000 after acquiring an additional 2,194,514 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of 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 purchasing an additional 240,329 shares in the last quarter. Hedge funds and other institutional investors 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.