JPMorgan Chase & Co. Issues Positive Forecast for Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price

Key Points

• JPMorgan Chase & Co. has increased its price target for Zions Bancorporation, N.A. from $58.00 to $62.00, suggesting a potential upside of 19.28% from its current stock price.
• According to recent ratings, Zions Bancorporation currently holds an average rating of "Hold" from analysts, with 2 Strong Buy ratings, 6 Buy ratings, and a consensus target price of $61.29.
• The company reported a quarterly earnings per share (EPS) of $1.32 and demonstrated a net margin of 16.98%, reflecting strong financial performance in the latest quarter.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) had its price target increased by investment analysts at JPMorgan Chase & Co. from $58.00 to $62.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the bank's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 19.28% from the company's current price.

Other equities research analysts have also issued reports about the stock. Wall Street Zen raised shares of Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Baird R W raised shares of Zions Bancorporation, N.A. from a "hold" rating to a "strong-buy" rating in a report on Friday. DA Davidson upped their price target on shares of Zions Bancorporation, N.A. from $57.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Citigroup upped their price objective on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Zions Bancorporation, N.A. in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.29.

Zions Bancorporation, N.A. Stock Performance

Shares of ZION opened at $51.98 on Tuesday. The stock has a 50-day moving average of $55.87 and a two-hundred day moving average of $51.63. Zions Bancorporation, N.A. has a one year low of $39.32 and a one year high of $63.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $7.67 billion, a P/E ratio of 9.50, a P/E/G ratio of 1.07 and a beta of 0.93.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Monday, June 12th. The bank reported $1.32 EPS for the quarter. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. The company had revenue of $705.00 million for the quarter. As a group, research analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ZION. Picton Mahoney Asset Management acquired a new position in shares of Zions Bancorporation, N.A. during the 1st quarter worth about $25,000. Traub Capital Management LLC acquired a new position in shares of Zions Bancorporation, N.A. during the 2nd quarter worth about $31,000. Assetmark Inc. raised its holdings in Zions Bancorporation, N.A. by 75.3% in the 2nd quarter. Assetmark Inc. now owns 673 shares of the bank's stock valued at $35,000 after acquiring an additional 289 shares during the last quarter. Steph & Co. acquired a new stake in Zions Bancorporation, N.A. in the 3rd quarter valued at about $37,000. Finally, Salomon & Ludwin LLC acquired a new stake in Zions Bancorporation, N.A. in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 76.84% of the company's stock.

About Zions Bancorporation, N.A.

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.

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