Evercore ISI Boosts Zions Bancorporation, National Association (NASDAQ:ZION) Price Target to $48.00

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) had its price objective upped by stock analysts at Evercore ISI from $47.00 to $48.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an "outperform" rating on the bank's stock. Evercore ISI's price objective indicates a potential upside of 10.60% from the company's previous close.

A number of other brokerages have also weighed in on ZION. Wedbush reduced their target price on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a "neutral" rating for the company in a research note on Tuesday, January 23rd. Morgan Stanley increased their price objective on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 7th. The Goldman Sachs Group increased their price objective on shares of Zions Bancorporation, National Association from $37.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday, December 18th. Wells Fargo & Company increased their price objective on shares of Zions Bancorporation, National Association from $32.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 14th. Finally, Compass Point restated a "neutral" rating on shares of Zions Bancorporation, National Association in a research note on Monday, January 8th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $41.16.

Zions Bancorporation, National Association Trading Up 0.6 %

Shares of ZION stock traded up $0.25 on Thursday, hitting $43.40. The stock had a trading volume of 1,959,424 shares, compared to its average volume of 3,325,912. Zions Bancorporation, National Association has a twelve month low of $18.26 and a twelve month high of $46.15. The firm has a market cap of $6.41 billion, a P/E ratio of 9.98 and a beta of 1.12. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average price of $40.80 and a two-hundred day moving average price of $38.33.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.10). Zions Bancorporation, National Association had a net margin of 14.71% and a return on equity of 15.33%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $754.81 million. During the same period last year, the firm earned $1.84 EPS. As a group, analysts forecast that Zions Bancorporation, National Association will post 4.32 earnings per share for the current fiscal year.

Insider Transactions at Zions Bancorporation, National Association

In other news, CEO Harris H. Simmons purchased 4,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the chief executive officer now owns 1,312,987 shares of the company's stock, valued at approximately $50,602,518.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP A Scott Anderson sold 4,093 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $44.25, for a total transaction of $181,115.25. Following the sale, the vice president now owns 14,665 shares in the company, valued at approximately $648,926.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harris H. Simmons purchased 4,000 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the chief executive officer now directly owns 1,312,987 shares in the company, valued at approximately $50,602,518.98. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 18,022 shares of company stock valued at $744,893. 2.22% of the stock is currently owned by company insiders.

Institutional Trading of Zions Bancorporation, National Association

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Zions Bancorporation, National Association by 0.3% in the second quarter. BlackRock Inc. now owns 10,446,271 shares of the bank's stock valued at $280,587,000 after buying an additional 32,883 shares in the last quarter. State Street Corp raised its stake in shares of Zions Bancorporation, National Association by 14.9% during the first quarter. State Street Corp now owns 8,262,892 shares of the bank's stock valued at $247,308,000 after acquiring an additional 1,069,816 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Zions Bancorporation, National Association by 22.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank's stock worth $220,077,000 after buying an additional 927,899 shares during the last quarter. Morgan Stanley raised its stake in Zions Bancorporation, National Association by 19.8% during the third quarter. Morgan Stanley now owns 4,513,266 shares of the bank's stock worth $157,468,000 after buying an additional 745,919 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Zions Bancorporation, National Association by 1.4% during the third quarter. Invesco Ltd. now owns 3,973,319 shares of the bank's stock worth $138,629,000 after buying an additional 53,859 shares during the last quarter. Institutional investors and hedge funds 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.