Piper Sandler Has Lowered Expectations for Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price

Zions Bancorporation, N.A. (NASDAQ:ZION) had its price target cut by analysts at Piper Sandler from $65.00 to $62.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Piper Sandler’s price target suggests a potential upside of 6.66% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada lifted their target price on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 21st. Stephens increased their target price on shares of Zions Bancorporation, N.A. from $63.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Morgan Stanley decreased their price target on shares of Zions Bancorporation, N.A. from $75.00 to $68.00 and set an “overweight” rating on the stock in a research note on Tuesday. TD Cowen boosted their price target on shares of Zions Bancorporation, N.A. from $63.00 to $64.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Finally, Truist Financial upped their price objective on shares of Zions Bancorporation, N.A. from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $62.79.

Zions Bancorporation, N.A. Stock Performance

Shares of NASDAQ:ZION opened at $58.13 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.86 and a quick ratio of 0.85. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $66.18. The firm has a market capitalization of $8.55 billion, a PE ratio of 9.69, a P/E/G ratio of 1.47 and a beta of 0.81. The business’s 50 day moving average price is $58.64 and its 200-day moving average price is $56.79.

Insider Activity

In other Zions Bancorporation, N.A. news, President Scott J. Mclean sold 28,980 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $61.15, for a total transaction of $1,772,127.00. Following the sale, the president directly owned 82,250 shares in the company, valued at $5,029,587.50. This represents a 26.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Anne Smith sold 6,558 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $64.80, for a total transaction of $424,958.40. Following the sale, the executive vice president directly owned 18,761 shares in the company, valued at $1,215,712.80. This represents a 25.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 55,581 shares of company stock worth $3,498,774 in the last quarter. Insiders own 2.22% of the company’s stock.

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

Large investors have recently added to or reduced their stakes in the business. Torren Management LLC acquired a new stake in Zions Bancorporation, N.A. in the 4th quarter valued at about $32,000. Leonteq Securities AG acquired a new position in shares of Zions Bancorporation, N.A. in the 4th quarter valued at $32,000. Community Bank N.A. acquired a new position in Zions Bancorporation, N.A. in the third quarter valued at $36,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Zions Bancorporation, N.A. during the fourth quarter worth about $36,000. Finally, Steph & Co. purchased a new stake in shares of Zions Bancorporation, N.A. in the 3rd quarter valued at about $37,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

Zions Bancorporation, N.A. Company Profile

Zions Bancorporation, N.A. is a bank holding company headquartered in Salt Lake City, Utah, offering a full suite of banking and financial services to individuals, businesses and institutions. Through its primary subsidiary, Zions Bank, the company provides commercial banking, retail banking and wealth management solutions designed to serve the needs of small businesses, middle‐market firms and high‐net‐worth clients. Its service portfolio includes deposit accounts, cash‐management tools, lending products, mortgage origination, treasury services and investment advisory services.

The company’s commercial banking segment delivers custom credit and treasury management services, including working capital lines of credit, equipment financing and international trade finance.