Zions Bancorporation, N.A. (NASDAQ:ZION) Given New $75.00 Price Target at Robert W. Baird

Zions Bancorporation, N.A. (NASDAQ:ZIONGet Free Report) had its price objective upped by equities researchers at Robert W. Baird from $68.00 to $75.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Robert W. Baird’s price target would suggest a potential upside of 4.33% from the stock’s current price.

A number of other research analysts have also recently weighed in on ZION. Cantor Fitzgerald raised their price objective on shares of Zions Bancorporation, N.A. from $69.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada increased their target price on Zions Bancorporation, N.A. from $64.00 to $68.00 and gave the company a “sector perform” rating in a report on Tuesday, April 21st. Weiss Ratings raised Zions Bancorporation, N.A. from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Truist Financial boosted their price target on Zions Bancorporation, N.A. from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Finally, Wells Fargo & Company upped their price objective on Zions Bancorporation, N.A. from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Zions Bancorporation, N.A. presently has a consensus rating of “Hold” and an average price target of $69.53.

View Our Latest Research Report on ZION

Zions Bancorporation, N.A. Price Performance

Shares of NASDAQ ZION opened at $71.89 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $65.96 and its 200 day moving average price is $61.92. Zions Bancorporation, N.A. has a 52 week low of $46.19 and a 52 week high of $73.34. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.73 and a beta of 0.80.

Zions Bancorporation, N.A. (NASDAQ:ZIONGet Free Report) last announced its earnings results on Monday, July 20th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.17. Zions Bancorporation, N.A. had a net margin of 19.53% and a return on equity of 13.90%. The company had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $877.44 million. During the same quarter in the previous year, the business posted $1.63 earnings per share. As a group, research analysts forecast that Zions Bancorporation, N.A. will post 6.49 earnings per share for the current fiscal year.

Zions Bancorporation, N.A. declared that its Board of Directors has initiated a stock repurchase plan on Saturday, May 2nd that permits the company to buyback $225.00 million in outstanding shares. This buyback authorization permits the bank to reacquire up to 2.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Zions Bancorporation, N.A.

In related news, EVP Jennifer Anne Smith sold 4,209 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $62.50, for a total transaction of $263,062.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Handelsbanken Fonder AB boosted its holdings in shares of Zions Bancorporation, N.A. by 17.0% during the second quarter. Handelsbanken Fonder AB now owns 46,100 shares of the bank’s stock worth $3,190,000 after purchasing an additional 6,700 shares during the last quarter. Arista Wealth Management LLC acquired a new position in Zions Bancorporation, N.A. in the second quarter valued at $230,000. Everhart Financial Group Inc. acquired a new position in Zions Bancorporation, N.A. in the second quarter valued at $224,000. Beacon Investment Advisory Services Inc. lifted its position in Zions Bancorporation, N.A. by 12.6% during the second quarter. Beacon Investment Advisory Services Inc. now owns 12,895 shares of the bank’s stock worth $892,000 after buying an additional 1,448 shares during the period. Finally, Elevation Wealth Partners LLC lifted its position in Zions Bancorporation, N.A. by 528.8% during the second quarter. Elevation Wealth Partners LLC now owns 415 shares of the bank’s stock worth $29,000 after buying an additional 349 shares during the period. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Zions Bancorporation, N.A. News Roundup

Here are the key news stories impacting Zions Bancorporation, N.A. this week:

About Zions Bancorporation, N.A.

(Get Free Report)

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.

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Analyst Recommendations for Zions Bancorporation, N.A. (NASDAQ:ZION)

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