Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Increased to $59.00 by Analysts at The Goldman Sachs Group

Zions Bancorporation, National Association (NASDAQ:ZION) had its price target upped by investment analysts at The Goldman Sachs Group from $52.00 to $59.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 13.90% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Zions Bancorporation, National Association from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 21st. Wolfe Research upgraded Zions Bancorporation, National Association to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group reduced their price target on Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. Stephens increased their price objective on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their target price on Zions Bancorporation, National Association from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.33.

Zions Bancorporation, National Association Stock Performance

Zions Bancorporation, National Association stock traded up $2.36 during trading on Tuesday, hitting $51.80. The stock had a trading volume of 803,968 shares, compared to its average volume of 2,108,579. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The stock’s 50 day moving average is $47.51 and its two-hundred day moving average is $45.20. Zions Bancorporation, National Association has a 1 year low of $28.90 and a 1 year high of $53.32. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.85% and a net margin of 13.53%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. During the same quarter in the prior year, the company earned $1.13 EPS. As a group, analysts predict that Zions Bancorporation, National Association will post 4.53 EPS for the current year.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $51.78, for a total transaction of $99,262.26. Following the transaction, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Terry Alan Shirey sold 1,917 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $51.78, for a total transaction of $99,262.26. Following the transaction, the executive vice president now directly owns 24,640 shares of the company’s stock, valued at approximately $1,275,859.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Scott J. Mclean sold 60,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $51.83, for a total value of $3,109,800.00. Following the completion of the sale, the president now directly owns 74,286 shares of the company’s stock, valued at approximately $3,850,243.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,073 shares of company stock valued at $3,476,298 over the last quarter. 2.22% of the stock is owned by corporate insiders.

Institutional Trading of Zions Bancorporation, National Association

A number of institutional investors have recently made changes to their positions in the stock. Fidelis Capital Partners LLC purchased a new position in shares of Zions Bancorporation, National Association in the first quarter worth $27,000. ORG Wealth Partners LLC bought a new stake in Zions Bancorporation, National Association in the 3rd quarter worth $28,000. ORG Partners LLC purchased a new position in shares of Zions Bancorporation, National Association in the second quarter valued at about $33,000. International Assets Investment Management LLC bought a new position in shares of Zions Bancorporation, National Association during the second quarter valued at about $34,000. Finally, Rothschild Investment LLC bought a new position in shares of Zions Bancorporation, National Association during the second quarter valued at about $39,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, National Association 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.