ZION has been the topic of a number of other reports. Royal Bank of Canada increased their price target on shares of Zions Bancorporation NA to $54.00 and gave the company an outperform rating in a research report on Tuesday, October 22nd. Wells Fargo & Co reiterated a hold rating on shares of Zions Bancorporation NA in a research report on Thursday, December 26th. Jefferies Financial Group downgraded shares of Zions Bancorporation NA from a buy rating to a hold rating and cut their price target for the company from $51.00 to $46.00 in a research report on Tuesday, October 8th. BMO Capital Markets increased their price target on shares of Zions Bancorporation NA from $45.00 to $48.00 and gave the company a market perform rating in a research report on Tuesday, October 22nd. Finally, Wedbush increased their price target on shares of Zions Bancorporation NA from $41.00 to $48.00 and gave the company a neutral rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $51.65.
Shares of ZION traded down $0.93 during trading hours on Wednesday, hitting $50.67. The stock had a trading volume of 1,715,914 shares, compared to its average volume of 1,571,894. The company’s fifty day moving average is $50.78 and its two-hundred day moving average is $46.17. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.66 and a beta of 1.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84. Zions Bancorporation NA has a 52 week low of $39.11 and a 52 week high of $52.48.
Zions Bancorporation NA (NASDAQ:ZION) last released its earnings results on Monday, October 21st. The bank reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.09. Zions Bancorporation NA had a net margin of 26.50% and a return on equity of 12.27%. The company had revenue of $713.00 million for the quarter, compared to the consensus estimate of $709.29 million. During the same period in the prior year, the company posted $1.04 EPS. Equities analysts predict that Zions Bancorporation NA will post 4.3 EPS for the current fiscal year.
In other Zions Bancorporation NA news, COO Scott J. Mclean sold 44,706 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $51.07, for a total transaction of $2,283,135.42. Also, VP Olga Hoff sold 2,042 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $49.35, for a total value of $100,772.70. Insiders sold 72,666 shares of company stock valued at $3,655,946 over the last three months. 1.70% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Creative Planning raised its stake in Zions Bancorporation NA by 0.6% in the third quarter. Creative Planning now owns 32,553 shares of the bank’s stock valued at $1,449,000 after purchasing an additional 204 shares in the last quarter. Private Advisor Group LLC grew its position in Zions Bancorporation NA by 4.5% in the second quarter. Private Advisor Group LLC now owns 6,214 shares of the bank’s stock valued at $286,000 after acquiring an additional 269 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Zions Bancorporation NA by 37.8% in the third quarter. Steward Partners Investment Advisory LLC now owns 1,068 shares of the bank’s stock valued at $47,000 after acquiring an additional 293 shares during the last quarter. CSat Investment Advisory L.P. grew its position in Zions Bancorporation NA by 81.3% in the second quarter. CSat Investment Advisory L.P. now owns 1,184 shares of the bank’s stock valued at $55,000 after acquiring an additional 531 shares during the last quarter. Finally, HM Payson & Co. bought a new position in Zions Bancorporation NA in the second quarter valued at about $26,000. 96.09% of the stock is owned by institutional investors and hedge funds.
Zions Bancorporation NA Company Profile
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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