Zions Bancorporation, N.A. (NASDAQ:ZION) Upgraded by Robert W. Baird to Outperform Rating

Key Points

• Zions Bancorporation, N.A. has been upgraded by Robert W. Baird from a "neutral" to "outperform" rating, with a target price of $65.00, indicating a potential 38.5% upside from its previous close.
• Equities analysts' ratings for Zions Bancorporation vary, with one Strong Buy, six Buy, fifteen Hold, and one Sell rating, leading to an average rating of "Hold" and a consensus price target of $61.33.
• The bank recently reported earnings of $1.32 per share, with expectations set at 5.39 EPS for the current fiscal year, alongside a market capitalization of $6.93 billion.

Zions Bancorporation, N.A. (NASDAQ:ZION - Get Free Report) was upgraded by investment analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating in a report issued on Friday,Benzinga reports. The brokerage currently has a $65.00 target price on the bank's stock. Robert W. Baird's price target points to a potential upside of 38.50% from the stock's previous close.

Several other equities analysts have also recently weighed in on the stock. Cantor Fitzgerald began coverage on shares of Zions Bancorporation, N.A. in a research report on Wednesday, September 10th. They issued an "overweight" rating and a $64.00 price target on the stock. Morgan Stanley raised their price target on shares of Zions Bancorporation, N.A. from $63.00 to $70.00 and gave the company an "equal weight" rating in a research report on Monday, September 29th. JPMorgan Chase & Co. increased their price objective on shares of Zions Bancorporation, N.A. from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Truist Financial increased 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 note on Wednesday, July 23rd. Finally, TD Cowen began coverage on shares of Zions Bancorporation, N.A. in a research note on Thursday, September 25th. They issued a "hold" rating and a $64.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $61.33.

Zions Bancorporation, N.A. Price Performance

ZION stock opened at $46.93 on Friday. The stock has a market capitalization of $6.93 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.15 and a beta of 0.93. The company's 50-day moving average is $55.91 and its 200-day moving average is $51.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. 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 released its quarterly earnings data on Monday, June 12th. The bank reported $1.32 earnings per share (EPS) for the quarter. Zions Bancorporation, N.A. had a net margin of 16.98% and a return on equity of 13.76%. The company had revenue of $705.00 million for the quarter. Equities research analysts expect that Zions Bancorporation, N.A. will post 5.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. DAVENPORT & Co LLC lifted its stake in shares of Zions Bancorporation, N.A. by 2.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 7,500 shares of the bank's stock valued at $424,000 after purchasing an additional 200 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Zions Bancorporation, N.A. by 7.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,926 shares of the bank's stock valued at $152,000 after purchasing an additional 206 shares during the period. Lynx Investment Advisory lifted its stake in shares of Zions Bancorporation, N.A. by 3.5% in the 2nd quarter. Lynx Investment Advisory now owns 6,371 shares of the bank's stock valued at $331,000 after purchasing an additional 213 shares during the period. GAMMA Investing LLC lifted its stake in shares of Zions Bancorporation, N.A. by 2.2% in the 3rd quarter. GAMMA Investing LLC now owns 10,567 shares of the bank's stock valued at $598,000 after purchasing an additional 232 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of Zions Bancorporation, N.A. by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 6,543 shares of the bank's stock valued at $340,000 after purchasing an additional 244 shares during the period. 76.84% of the stock is owned by 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.

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