Zions Bancorporation, National Association (NASDAQ:ZION) PT Raised to $54.00 at Morgan Stanley

Zions Bancorporation, National Association (NASDAQ:ZION) had its target price increased by analysts at Morgan Stanley from $42.00 to $54.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the bank’s stock. Morgan Stanley’s target price suggests a potential upside of 17.24% from the company’s previous close.

ZION has been the subject of several other research reports. Jefferies Financial Group lowered their target price on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a report on Monday, April 8th. UBS Group decreased their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. Compass Point raised their price objective on shares of Zions Bancorporation, National Association from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Stephens raised their price objective on shares of Zions Bancorporation, National Association from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised their price objective on shares of Zions Bancorporation, National Association from $48.00 to $54.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and an average price target of $48.72.

Zions Bancorporation, National Association Stock Down 1.5 %

ZION traded down $0.72 during trading on Monday, hitting $46.06. 1,352,553 shares of the company’s stock were exchanged, compared to its average volume of 2,359,145. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $44.85 and its two-hundred day moving average is $42.74. Zions Bancorporation, National Association has a fifty-two week low of $28.90 and a fifty-two week high of $53.32. The stock has a market cap of $6.80 billion, a P/E ratio of 11.56, a PEG ratio of 2.82 and a beta of 1.11.

Zions Bancorporation, National Association (NASDAQ:ZION) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.18. The firm had revenue of $776.00 million for the quarter, compared to the consensus estimate of $761.61 million. Zions Bancorporation, National Association had a net margin of 13.53% and a return on equity of 13.85%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 earnings per share. As a group, equities analysts expect that Zions Bancorporation, National Association will post 4.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Zions Bancorporation, National Association

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 completion of the sale, the executive vice president now directly owns 24,640 shares in the company, valued at $1,275,859.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Zions Bancorporation, National Association news, President Scott J. Mclean sold 60,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.83, for a total transaction of $3,109,800.00. Following the transaction, the president now directly owns 74,286 shares of the company’s stock, valued at $3,850,243.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Terry Alan Shirey sold 1,917 shares of Zions Bancorporation, National Association stock in a transaction that occurred on 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 in the company, valued at $1,275,859.20. The disclosure for this sale can be found here. Insiders sold a total of 67,578 shares of company stock worth $3,498,965 over the last three months. 2.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Raymond James & Associates increased its stake in shares of Zions Bancorporation, National Association by 38.9% in the fourth quarter. Raymond James & Associates now owns 117,063 shares of the bank’s stock worth $5,136,000 after buying an additional 32,778 shares during the period. International Assets Investment Management LLC increased its stake in shares of Zions Bancorporation, National Association by 4,136.7% in the fourth quarter. International Assets Investment Management LLC now owns 34,826 shares of the bank’s stock worth $1,528,000 after buying an additional 34,004 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Zions Bancorporation, National Association by 12.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 20,746 shares of the bank’s stock worth $910,000 after buying an additional 2,262 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Zions Bancorporation, National Association by 55.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,262 shares of the bank’s stock worth $2,644,000 after buying an additional 21,551 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Zions Bancorporation, National Association in the fourth quarter worth $1,336,000. 76.84% of the stock is owned by hedge funds and other institutional investors.

About Zions Bancorporation, National Association

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.