Zions Bancorporation, N.A. (NASDAQ:ZION) Stock Rating Upgraded by Jefferies Financial Group

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) was upgraded by stock analysts at Jefferies Financial Group from an "underperform" rating to a "hold" rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm currently has a $60.00 price target on the bank's stock. Jefferies Financial Group's price target suggests a potential upside of 6.03% from the company's current price.

ZION has been the topic of a number of other research reports. Keefe, Bruyette & Woods cut their target price on shares of Zions Bancorporation, N.A. from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Citigroup lifted their price target on shares of Zions Bancorporation, N.A. from $48.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Stephens dropped their price target on shares of Zions Bancorporation, N.A. from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial lifted their price target on shares of Zions Bancorporation, N.A. from $52.00 to $57.00 and gave the stock a "hold" rating in a research note on Friday, July 11th. Finally, Argus raised shares of Zions Bancorporation, N.A. from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $58.61.

Zions Bancorporation, N.A. Stock Performance

NASDAQ:ZION opened at $56.59 on Tuesday. 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 company has a market cap of $8.35 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.71 and a beta of 0.90. Zions Bancorporation, N.A. has a fifty-two week low of $39.32 and a fifty-two week high of $63.22. The firm's 50 day moving average is $50.54 and its two-hundred day moving average is $50.76.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The bank reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.32. The company had revenue of $838.00 million for the quarter, compared to the consensus estimate of $810.24 million. Zions Bancorporation, N.A. had a net margin of 16.08% and a return on equity of 13.53%. During the same quarter last year, the firm posted $1.28 earnings per share. Analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current year.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Xponance Inc. grew its position in Zions Bancorporation, N.A. by 5.4% in the fourth quarter. Xponance Inc. now owns 16,659 shares of the bank's stock worth $904,000 after acquiring an additional 848 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Zions Bancorporation, N.A. by 38.0% during the 4th quarter. Teacher Retirement System of Texas now owns 45,326 shares of the bank's stock valued at $2,459,000 after purchasing an additional 12,481 shares during the last quarter. American Century Companies Inc. raised its stake in Zions Bancorporation, N.A. by 4.4% during the 4th quarter. American Century Companies Inc. now owns 534,647 shares of the bank's stock valued at $29,005,000 after purchasing an additional 22,367 shares during the last quarter. Sei Investments Co. raised its stake in Zions Bancorporation, N.A. by 39.7% during the 4th quarter. Sei Investments Co. now owns 97,442 shares of the bank's stock valued at $5,286,000 after purchasing an additional 27,702 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Zions Bancorporation, N.A. during the 4th quarter valued at $1,628,000. 76.84% of the stock is currently owned by hedge funds and other 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.

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