Zions Bancorporation, N.A. (NASDAQ:ZION) Downgraded by Wall Street Zen to Sell

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

A number of other analysts also recently issued reports on ZION. Morgan Stanley dropped their target price on shares of Zions Bancorporation, N.A. from $71.00 to $64.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Citigroup increased their target price 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. Robert W. Baird dropped their target price on shares of Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods dropped their target price on shares of Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, Stephens lowered their price objective on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $57.22.

Zions Bancorporation, N.A. Trading Up 0.2%

Shares of ZION stock traded up $0.10 during trading hours on Friday, hitting $54.87. 1,082,797 shares of the company were exchanged, compared to its average volume of 1,561,905. The firm has a market cap of $8.10 billion, a PE ratio of 10.72, a PEG ratio of 1.81 and a beta of 0.90. Zions Bancorporation, N.A. has a 1 year low of $39.32 and a 1 year high of $63.22. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average of $48.53 and a 200 day moving average of $50.69.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The firm had revenue of $795.00 million during the quarter, compared to the consensus estimate of $792.49 million. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. During the same quarter in the prior year, the company earned $0.96 EPS. Analysts expect that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current year.

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

Several institutional investors and hedge funds have recently made changes to their positions in ZION. AQR Capital Management LLC boosted its stake in shares of Zions Bancorporation, N.A. by 326.4% during the 1st quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank's stock valued at $139,927,000 after buying an additional 2,194,514 shares during the last quarter. Norges Bank purchased a new position in shares of Zions Bancorporation, N.A. during the 4th quarter valued at approximately $73,542,000. Balyasny Asset Management L.P. boosted its stake in shares of Zions Bancorporation, N.A. by 249.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,624,521 shares of the bank's stock valued at $88,130,000 after buying an additional 1,159,888 shares during the last quarter. Freestone Grove Partners LP purchased a new position in shares of Zions Bancorporation, N.A. during the 4th quarter valued at approximately $51,116,000. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Zions Bancorporation, N.A. by 57.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,133,336 shares of the bank's stock worth $106,368,000 after purchasing an additional 778,861 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

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.