Zions Bancorporation, N.A. (NASDAQ:ZION) Upgraded at Baird R W

Key Points

• Zions Bancorporation, N.A. has been upgraded from a "hold" to a "strong-buy" rating by Baird R W, reflecting positive analyst sentiment.
• Royal Bank of Canada has raised its price target for Zions shares from $57.00 to $62.00, and other analysts have also adjusted their ratings and targets for the stock.
• Despite mixed analyst opinions, Zions Bancorporation has a current average target price of $61.33 and an average rating of "Hold."

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) was upgraded by equities research analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a research note issued on Friday,Zacks.com reports.

Several other analysts have also issued reports on the stock. Royal Bank Of Canada upped 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. Zacks Research lowered shares of Zions Bancorporation, N.A. from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Evercore ISI increased their price objective on shares of Zions Bancorporation, N.A. from $62.00 to $64.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. Jefferies Financial Group upgraded shares of Zions Bancorporation, N.A. from an "underperform" rating to a "hold" rating and upped their price target for the company from $45.00 to $60.00 in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Zions Bancorporation, N.A. presently has an average rating of "Hold" and an average target price of $61.33.

Zions Bancorporation, N.A. Price Performance

NASDAQ:ZION opened at $49.67 on Friday. The company has a 50-day moving average of $55.87 and a 200-day moving average of $51.50. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 1.00 and a beta of 0.93. Zions Bancorporation, N.A. has a 52 week low of $39.32 and a 52 week high of $63.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings results on Monday, June 12th. The bank reported $1.32 earnings per share (EPS) for the quarter. The firm had revenue of $705.00 million during the quarter. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. As a group, equities research analysts anticipate that Zions Bancorporation, N.A. will post 5.39 earnings per share for the current fiscal year.

Institutional Trading of Zions Bancorporation, N.A.

Several large investors have recently added to or reduced their stakes in ZION. GAMMA Investing LLC lifted its position in Zions Bancorporation, N.A. by 16.1% during the first quarter. GAMMA Investing LLC now owns 11,049 shares of the bank's stock valued at $551,000 after buying an additional 1,535 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Zions Bancorporation, N.A. by 61.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 70,936 shares of the bank's stock valued at $3,537,000 after purchasing an additional 27,001 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Zions Bancorporation, N.A. by 1,266.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 3,703 shares of the bank's stock valued at $185,000 after purchasing an additional 3,432 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Zions Bancorporation, N.A. during the 1st quarter valued at about $3,383,000. Finally, State of Alaska Department of Revenue increased its position in shares of Zions Bancorporation, N.A. by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 17,318 shares of the bank's stock valued at $863,000 after purchasing an additional 470 shares during the last quarter. Institutional investors 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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