Zions Bancorporation, National Association (NASDAQ:ZION) Price Target Raised to $52.00 at JPMorgan Chase & Co.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $49.50 to $52.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the bank's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 24.64% from the stock's current price.

Several other brokerages also recently weighed in on ZION. Truist Financial reiterated a "hold" rating and issued a $46.00 price objective on shares of Zions Bancorporation, National Association in a research report on Monday. Morgan Stanley boosted their price objective on Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an "underweight" rating in a research report on Wednesday, February 7th. Stephens boosted their price objective on Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 23rd. The Goldman Sachs Group boosted their price objective on Zions Bancorporation, National Association from $37.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday, December 18th. Finally, Wells Fargo & Company boosted their price objective on Zions Bancorporation, National Association from $32.00 to $36.00 and gave the company an "equal weight" rating in a research report on Thursday, December 14th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $41.84.

Zions Bancorporation, National Association Price Performance

NASDAQ:ZION traded down $0.80 during mid-day trading on Thursday, reaching $41.72. The stock had a trading volume of 1,774,663 shares, compared to its average volume of 3,232,151. The firm has a 50 day moving average price of $40.85 and a two-hundred day moving average price of $38.56. The stock has a market capitalization of $6.16 billion, a P/E ratio of 9.77 and a beta of 1.13. Zions Bancorporation, National Association has a one year low of $18.26 and a one year high of $46.15. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its earnings results on Monday, January 22nd. The bank reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.10). Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $754.81 million. During the same quarter in the previous year, the firm earned $1.84 EPS. As a group, analysts expect that Zions Bancorporation, National Association will post 4.31 earnings per share for the current year.

Insider Buying and Selling

In related news, VP A Scott Anderson sold 4,093 shares of the company's stock in a transaction on Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the sale, the vice president now directly owns 14,665 shares of the company's stock, valued at $648,926.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Harris H. Simmons bought 3,600 shares of the business's stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average cost of $38.99 per share, with a total value of $140,364.00. Following the completion of the purchase, the chief executive officer now owns 1,261,866 shares in the company, valued at approximately $49,200,155.34. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP A Scott Anderson sold 4,093 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $44.25, for a total value of $181,115.25. Following the completion of the sale, the vice president now directly owns 14,665 shares in the company, valued at $648,926.25. The disclosure for this sale can be found here. Insiders have sold a total of 18,022 shares of company stock valued at $744,893 over the last ninety days. Company insiders own 2.22% of the company's stock.

Institutional Investors Weigh In On Zions Bancorporation, National Association

A number of institutional investors have recently modified their holdings of ZION. American Century Companies Inc. grew its stake in shares of Zions Bancorporation, National Association by 50.3% in the first quarter. American Century Companies Inc. now owns 33,685 shares of the bank's stock worth $2,209,000 after acquiring an additional 11,267 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Zions Bancorporation, National Association by 2.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,168 shares of the bank's stock valued at $1,060,000 after purchasing an additional 341 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Zions Bancorporation, National Association by 2.7% during the first quarter. HighTower Advisors LLC now owns 17,117 shares of the bank's stock valued at $1,120,000 after purchasing an additional 448 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Zions Bancorporation, National Association during the first quarter valued at $267,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Zions Bancorporation, National Association by 453.6% during the first quarter. Acadian Asset Management LLC now owns 4,235 shares of the bank's stock valued at $277,000 after purchasing an additional 3,470 shares in the last quarter. 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.