Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $50.00 to $55.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the bank's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 1.73% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley decreased 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. Robert W. Baird reduced their price target on Zions Bancorporation, N.A. from $58.00 to $55.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group assumed coverage on Zions Bancorporation, N.A. in a report on Wednesday, May 21st. They set an "underperform" rating and a $40.00 target price for the company. Wells Fargo & Company lowered their price objective on Zions Bancorporation, N.A. from $58.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Royal Bank Of Canada decreased their price objective on shares of Zions Bancorporation, N.A. from $63.00 to $53.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Zions Bancorporation, N.A. has a consensus rating of "Hold" and a consensus target price of $57.53.

Zions Bancorporation, N.A. Stock Up 4.1%

ZION stock traded up $2.13 during midday trading on Tuesday, hitting $54.07. The company's stock had a trading volume of 705,059 shares, compared to its average volume of 1,554,616. Zions Bancorporation, N.A. has a 12 month low of $39.32 and a 12 month high of $63.22. The firm's 50-day moving average is $47.71 and its 200-day moving average is $50.67. The company has a market cap of $7.98 billion, a PE ratio of 10.59, a P/E/G ratio of 1.68 and a beta of 0.88. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.71.

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

Institutional Investors Weigh In On Zions Bancorporation, N.A.

Hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in Zions Bancorporation, N.A. by 326.4% in the first quarter. AQR Capital Management LLC now owns 2,866,759 shares of the bank's stock valued at $139,927,000 after acquiring an additional 2,194,514 shares during the last quarter. Norges Bank bought a new position in Zions Bancorporation, N.A. during the fourth quarter worth $73,542,000. Balyasny Asset Management L.P. boosted its holdings in Zions Bancorporation, N.A. by 249.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,624,521 shares of the bank's stock worth $88,130,000 after acquiring an additional 1,159,888 shares in the last quarter. Freestone Grove Partners LP acquired a new position in Zions Bancorporation, N.A. during the fourth quarter worth $51,116,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Zions Bancorporation, N.A. by 57.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,133,336 shares of the bank's stock valued at $106,368,000 after purchasing an additional 778,861 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

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.

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