Piper Sandler Has Lowered Expectations for Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price

Key Points

• Piper Sandler has lowered its target price for Zions Bancorporation, N.A. from $62.00 to $59.00, maintaining a "neutral" rating.
• Zions Bancorporation's current consensus rating is "Hold" with a price target of $61.33, and it has experienced significant fluctuations in stock price over the past year.
• A variety of analysts have made differing assessments on the stock, with ratings ranging from "Strong Buy" to "Sell," indicating mixed investor sentiment.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) had its target price reduced by Piper Sandler from $62.00 to $59.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the bank's stock. Piper Sandler's price objective would suggest a potential upside of 19.88% from the stock's current price.

A number of other equities analysts also recently weighed in on the stock. Zacks Research downgraded shares of Zions Bancorporation, N.A. from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and lifted their price target for the stock from $45.00 to $60.00 in a research report on Tuesday, July 22nd. Robert W. Baird lifted their price target on shares of Zions Bancorporation, N.A. from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Zions Bancorporation, N.A. in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price target on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.33.

Zions Bancorporation, N.A. Price Performance

Shares of Zions Bancorporation, N.A. stock traded down $4.82 during mid-day trading on Thursday, reaching $49.21. 2,319,636 shares of the stock were exchanged, compared to its average volume of 1,575,057. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 1.17 and a beta of 0.93. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The firm has a 50-day simple moving average of $56.00 and a 200 day simple moving average of $51.52.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its earnings results on Monday, June 12th. The bank reported $1.32 earnings per share 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 during the quarter. On average, sell-side analysts predict that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ZION. Picton Mahoney Asset Management bought a new position in Zions Bancorporation, N.A. in the first quarter valued at approximately $25,000. Traub Capital Management LLC bought a new stake in shares of Zions Bancorporation, N.A. in the second quarter worth $31,000. Assetmark Inc. lifted its position in shares of Zions Bancorporation, N.A. by 75.3% in the second quarter. Assetmark Inc. now owns 673 shares of the bank's stock worth $35,000 after purchasing an additional 289 shares in the last quarter. Steph & Co. bought a new stake in shares of Zions Bancorporation, N.A. in the third quarter worth $37,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Zions Bancorporation, N.A. in the first quarter worth $40,000. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, N.A. 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.

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