Zions Bancorporation, N.A. (NASDAQ:ZION) Coverage Initiated by Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has initiated coverage on Zions Bancorporation, N.A. with an "overweight" rating and a price target of $64.00, indicating a potential upside of 11.58% from the stock's previous close.
• The stock currently has an average rating of "Hold" among analysts, with five analysts rating it as a Buy and a consensus price target of $60.95.
• Zions Bancorporation recently reported an earnings per share (EPS) of $1.58 for the last quarter, surpassing analysts' expectations of $1.31 and showcasing a notable revenue increase to $838.00 million.

Investment analysts at Cantor Fitzgerald started coverage on shares of Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage set an "overweight" rating and a $64.00 price target on the bank's stock. Cantor Fitzgerald's target price indicates a potential upside of 11.43% from the company's current price.

A number of other analysts have also recently commented on the company. Wall Street Zen raised Zions Bancorporation, N.A. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Wells Fargo & Company upped their target price on shares of Zions Bancorporation, N.A. from $47.00 to $58.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada lifted their price target on shares of Zions Bancorporation, N.A. from $57.00 to $62.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Truist Financial upped their price objective on shares of Zions Bancorporation, N.A. from $57.00 to $59.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $60.95.

Zions Bancorporation, N.A. Trading Down 1.7%

Shares of ZION stock traded down $0.98 during trading hours on Wednesday, reaching $57.44. The company had a trading volume of 577,771 shares, compared to its average volume of 1,576,471. The company has a 50 day moving average of $55.33 and a 200 day moving average of $50.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 1.52 and a beta of 0.97. Zions Bancorporation, N.A. has a 1-year low of $39.32 and a 1-year high of $63.22.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.27. The business had revenue of $838.00 million during the quarter, compared to analysts' expectations of $810.24 million. Zions Bancorporation, N.A. had a return on equity of 13.76% and a net margin of 16.98%.During the same period in the previous year, the firm earned $1.28 earnings per share. On average, equities research analysts anticipate that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

Hedge Funds Weigh In On Zions Bancorporation, N.A.

Several hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust boosted its holdings in Zions Bancorporation, N.A. by 7.6% during the second quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank's stock worth $152,000 after purchasing an additional 206 shares during the last quarter. Lynx Investment Advisory lifted its position in Zions Bancorporation, N.A. by 3.5% during the 2nd quarter. Lynx Investment Advisory now owns 6,371 shares of the bank's stock worth $331,000 after buying an additional 213 shares in the last quarter. ProShare Advisors LLC lifted its position in Zions Bancorporation, N.A. by 3.9% during the 2nd quarter. ProShare Advisors LLC now owns 6,543 shares of the bank's stock worth $340,000 after buying an additional 244 shares in the last quarter. Blackhawk Capital Partners LLC. boosted its stake in shares of Zions Bancorporation, N.A. by 5.3% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 4,885 shares of the bank's stock worth $244,000 after buying an additional 245 shares during the last quarter. Finally, Leo Wealth LLC grew its holdings in shares of Zions Bancorporation, N.A. by 1.7% in the 1st quarter. Leo Wealth LLC now owns 14,917 shares of the bank's stock valued at $744,000 after acquiring an additional 253 shares in the last quarter. 76.84% of the stock is owned by institutional investors.

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.